Trump To Discuss Recent Tax Cuts During Session With Workers

Wednesday, January 31, 2018
By Associated Press, Maureen Cavanaugh, Michael Lipkin
Credit: Associated Press
Above: President Donald Trump, with, from left, Senate Majority Leader Mitch McConnell of Ky., Vice President Mike Pence, House Speaker Paul Ryan of Wis., and Sen. Tim Scott, R-S.C., speaks about the passage of the tax bill on the South Lawn at the White House in Washington, Wednesday, Dec. 20, 2017.

President Donald Trump is following up on his State of the Union address by hosting a tax discussion with American workers.

White House spokeswoman Lindsay Walters said Trump will discuss the new tax cuts during an Oval Office meeting on Wednesday afternoon with workers at companies such as Jergens and Aflac. The companies are in Colorado, Georgia, Iowa, Missouri and Ohio.

Walters said more than 275 companies have announced worker bonuses, expanded benefits or new jobs as a result of the tax overhaul that Trump signed into law before Christmas.

The law significantly cut taxes for corporations while providing more modest tax breaks for middle-class families.

Trump cited the tax cuts in Tuesday night's speech.

The deadline for employers and small businesses to file W-2 forms is Wednesday. But San Diego IRS spokesman Raphael Tulino says the new law won't have any impact for most people on 2017 taxes, which are due this spring.

Tulino joins KPBS Midday Edition on Wednesday with more on the tax bill's impact on 2018 taxes and guidance for taxpayers.