No. of Recommendations: 1
I haven't given it much thought during the past year, but I wonder if anyone has done a deep-dive analysis of exactly how many Americans adjusted their 2018 income tax withholding to account for any reduced tax burden they may enjoy under the 2017 tax cuts?

While corporations (and the wealthiest taxpayers) have clearly accounted for their own tax savings under the tax bill, I suspect that significant numbers of blue-collar workers and middle class salaried individuals may have intentionally or perhaps forgotten to change their withholding elections during 2018.

Despite the increase in interest rates and the seriously destabilizing political posturing in Washington, DC, is it possible that ordinary taxpayers may experience an "upside surprise" when they complete their tax returns and find that they are due tax refunds from the IRS in an amount exceeding any refund they might ordinarily expect to receive?

If so, how might that effect consumer spending during 2019?
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