Trump Bets Tax Refunds Will Help GOP in Midterms

“President Donald Trump is betting that larger tax refunds this spring will help sate Americans’ cravings for economic relief and boost GOP fortunes in November. The political payoff may be fleeting,” Politico reports.

“The White House believes the average refund could increase by $1,000 thanks to tax cuts in the GOP’s signature legislation, passed last summer. But as tax season kicks off, economists and Republican strategists — and even some of the president’s own allies — warn that the boost American households receive from the refunds may wear off by November.”