On Tax Day, Trump tax cuts remain deeply unpopular

HayJenn

Moderator
Jul 2014
69,268
58,992
CA
#1
Trump boasted in Michigan last month that he signed into law “massive tax cuts, the biggest in the history of our country.”As Americans rush Monday to finish with their own tax filings, their judgment on Trump’s beloved tax cut bill is pretty clear: Most really don’t like it. Multiple polls show a majority of Americans don’t think they got a tax cut at all — even though independent analyses show they did. And only about a third of the country approves of the legislation itself, the Tax Cuts and Jobs Act, passed by Congress at the end of 2017.

So as Trump moves closer to full-time reelection mode later this year, he will have to battle a stark reality: While his personal rating on the economy remains high, his signature legislative achievement is widely viewed as a political dud, one that has drawn special anger in places with high state and local taxes and pricey housing markets where deductions were limited to reduce the overall cost of the tax plan. One reason many Americans don't feel the tax cut: The most dramatic benefit was aimed at slashing the corporate tax rate. And many Democrats want to undo much of that cut.

Polling data suggest Democrats have fertile ground to rip into Trump’s tax cuts. A recent NBC/Wall Street Journal poll found that just 17 percent of Americans believe their own taxes will go down as a result of the bill. A CBS News poll found that 40 percent said they saw no change from the tax bill. And more said it drove their taxes up (32 percent) than lowered their tax bill (25 percent.)

The bill itself has been unpopular from the start and remains so. A Pew Research Center survey conducted last month found that 36 percent of Americans approve of the tax-cut law while 49 percent disapprove. Even the number of Republicans who strongly approve of the law dipped in the latest Pew survey.

On Tax Day, Trump tax cuts remain deeply unpopular

Well yeah. When you had a lot of major corps paying zero taxes and then you either see no change in your bill or you had to pay more, that is going to piss off a lot of people
 
Mar 2019
6,982
2,513
California
#2
Trump boasted in Michigan last month that he signed into law “massive tax cuts, the biggest in the history of our country.”As Americans rush Monday to finish with their own tax filings, their judgment on Trump’s beloved tax cut bill is pretty clear: Most really don’t like it. Multiple polls show a majority of Americans don’t think they got a tax cut at all — even though independent analyses show they did. And only about a third of the country approves of the legislation itself, the Tax Cuts and Jobs Act, passed by Congress at the end of 2017.

So as Trump moves closer to full-time reelection mode later this year, he will have to battle a stark reality: While his personal rating on the economy remains high, his signature legislative achievement is widely viewed as a political dud, one that has drawn special anger in places with high state and local taxes and pricey housing markets where deductions were limited to reduce the overall cost of the tax plan. One reason many Americans don't feel the tax cut: The most dramatic benefit was aimed at slashing the corporate tax rate. And many Democrats want to undo much of that cut.

Polling data suggest Democrats have fertile ground to rip into Trump’s tax cuts. A recent NBC/Wall Street Journal poll found that just 17 percent of Americans believe their own taxes will go down as a result of the bill. A CBS News poll found that 40 percent said they saw no change from the tax bill. And more said it drove their taxes up (32 percent) than lowered their tax bill (25 percent.)

The bill itself has been unpopular from the start and remains so. A Pew Research Center survey conducted last month found that 36 percent of Americans approve of the tax-cut law while 49 percent disapprove. Even the number of Republicans who strongly approve of the law dipped in the latest Pew survey.

On Tax Day, Trump tax cuts remain deeply unpopular

Well yeah. When you had a lot of major corps paying zero taxes and then you either see no change in your bill or you had to pay more, that is going to piss off a lot of people
What folks forget is this. A Tax RETURN is not a "Gift" from the Gov't. It is caused by the Gov't bogarting to MUCH out of your weekly check. If one gets to keep MORE each week , it is logical to assume that RETURNS will be smaller. But the Democrats will not admit THAT simple FACT.
 

HayJenn

Moderator
Jul 2014
69,268
58,992
CA
#3
What folks forget is this. A Tax RETURN is not a "Gift" from the Gov't. It is caused by the Gov't bogarting to MUCH out of your weekly check. If one gets to keep MORE each week , it is logical to assume that RETURNS will be smaller. But the Democrats will not admit THAT simple FACT.
Which again, has nothing to do with the actual topic. Why do you always divert, divert?

And maybe you did not catch this?

Even the number of Republicans who strongly approve of the law dipped in the latest Pew survey.

Again, most people are not seeing any benefit from the tax cut, while the big corps for sure did.
 
Jan 2016
56,372
53,044
Colorado
#7
Trump the utterly Phony Populist. 83% of the benefits of the Trump Tax Cut went to the wealthiest 1% of Americans. No TRUE Populist would push through a tax cut targeted like a LASER BEAM at the richest and wealthiest families in America, and yet that's EXACTLY what Donald Trump did. Joe Sixpack isn't being fooled any longer, and that's GOOD!

The Trump tax cuts WIDENED the already yawning income and wealth gap in America, pushing us more in the direction of a country like Brazil, which is FAMOUS for its extreme levels of inequality, and for having almost no middle class to speak of. WHY? WHY are the Republicans CONSTANTLY trying to do this? Why are they constantly trying to push America in the direction of Brazil with their economic policies, a trend that many economists have called the Brazilianization of America?

Why are Republicans in FAVOR of the Brazilianization of America?

This is the question they will NEVER answer!!
 
Mar 2012
57,437
39,029
New Hampshire
#8
Trump the utterly Phony Populist. 83% of the benefits of the Trump Tax Cut went to the wealthiest 1% of Americans. No TRUE Populist would push through a tax cut targeted like a LASER BEAM at the richest and wealthiest families in America, and yet that's EXACTLY what Donald Trump did. Joe Sixpack isn't being fooled any longer, and that's GOOD!

The Trump tax cuts WIDENED the already yawning income and wealth gap in America, pushing us more in the direction of a country like Brazil, which is FAMOUS for its extreme levels of inequality, and for having almost no middle class to speak of. WHY? WHY are the Republicans CONSTANTLY trying to do this? Why are they constantly trying to push America in the direction of Brazil with their economic policies, a trend that many economists have called the Brazilianization of America?

Why are Republicans in FAVOR of the Brazilianization of America?

This is the question they will NEVER answer!!
Well as I mentioned before, lots of lower and middle income workers did see a cut. I know because our construction units all bought cars and motorcycles because it was enough to cover the monthly payment. So they are happy as clams. I dont know how true it is but I read that the "sweet spot" if you will was for workers that make between 30-55K a year and dont live in high tax states. They were getting around 250-450 a month back. I know our tax experts up here said NH did pretty well.
 
Apr 2015
15,004
2,760
Katmandu
#9
Trump boasted in Michigan last month that he signed into law “massive tax cuts, the biggest in the history of our country.”As Americans rush Monday to finish with their own tax filings, their judgment on Trump’s beloved tax cut bill is pretty clear: Most really don’t like it. Multiple polls show a majority of Americans don’t think they got a tax cut at all — even though independent analyses show they did. And only about a third of the country approves of the legislation itself, the Tax Cuts and Jobs Act, passed by Congress at the end of 2017.

So as Trump moves closer to full-time reelection mode later this year, he will have to battle a stark reality: While his personal rating on the economy remains high, his signature legislative achievement is widely viewed as a political dud, one that has drawn special anger in places with high state and local taxes and pricey housing markets where deductions were limited to reduce the overall cost of the tax plan. One reason many Americans don't feel the tax cut: The most dramatic benefit was aimed at slashing the corporate tax rate. And many Democrats want to undo much of that cut.

Polling data suggest Democrats have fertile ground to rip into Trump’s tax cuts. A recent NBC/Wall Street Journal poll found that just 17 percent of Americans believe their own taxes will go down as a result of the bill. A CBS News poll found that 40 percent said they saw no change from the tax bill. And more said it drove their taxes up (32 percent) than lowered their tax bill (25 percent.)

The bill itself has been unpopular from the start and remains so. A Pew Research Center survey conducted last month found that 36 percent of Americans approve of the tax-cut law while 49 percent disapprove. Even the number of Republicans who strongly approve of the law dipped in the latest Pew survey.

On Tax Day, Trump tax cuts remain deeply unpopular

Well yeah. When you had a lot of major corps paying zero taxes and then you either see no change in your bill or you had to pay more, that is going to piss off a lot of people
Actually public opinion numbers improved after Trump's tax reform.

 
Apr 2018
11,845
3,060
oregon
#10
Saw this earlier..

Red states will enjoy the biggest increase in refunds. However, several blue states are seeing the largest average tax cuts compared with last year. The 10 states with the largest increase in refunds were all red. The 10 states with the largest decrease in refunds are all blue.

https://www.cnn.com/2019/04/11/politics/tax-cut-refund-states/index.html
It's because you can no longer deduct state taxes.As it should be. If you want to live in a high-tax, high-benefit liberal state, you don't get to deduct that choice from your federal tax. Want to pay less? Take it up with your state government.