Trump hypes new tax forms, misstates currency

Staff Writer

WASHINGTON (AP) — On the eve of Tax Day, President Donald Trump is exaggerating the government’s plans to shrink the much-dreaded federal income tax forms.
He is promising a simplified, one-page tax form for next year that basically already exists — the 1040EZ. And after weeks of promises, Trump appears to be dropping a pledge to create an even smaller, card-sized tax form. There are no signs the IRS is planning any such thing for the 2018 tax year.
A look at the statements and how they don’t hold up:
TRUMP: “Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable.” — tweet Monday.
THE FACTS: Trump’s claim misstates the current economic situation and contradicts his own Treasury Department, which on Friday released a report showing no country was labeled a currency manipulator...To read more, please refer to our print or online edition.

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