- Dec 2015
- In Your Heart!
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