Voters disapprove of Republican tax reform plan, Quinnipiac poll says

The Republican tax plan appears to have a public opinion problem.

Most American voters — 52 percent — disapprove of the GOP proposals to overhaul the tax system, according to a Quinnipiac University poll released Wednesday. Only 25 percent of respondents approve of the Republican effort.

The GOP says its push to chop taxes on businesses in addition to individuals by year-end will be designed to trim the burden on middle-class taxpayers while boosting job creation in addition to wage growth.

Voters largely have not bought into the message, the Quinnipiac poll found.

  • Sixty-one percent of voters said the plan would likely mainly help the wealthy. Twenty-four percent responded in which the idea would likely primarily benefit the middle class, while only 6 percent said the same about low-income people.
  • The proposals favor the rich at the expense of the middle class, 59 percent of respondents said. Only 33 percent disagreed with in which statement.
  • Only 36 percent of respondents said the GOP effort will lead to more jobs in addition to better economic growth. A majority, 52 percent, disagreed.
  • Thirty-six percent of voters said the proposals would likely not have much of an effect on their taxes. Thirty-several percent said the plan would likely increase what they pay, while 16 percent said the idea would likely reduce their tax burden.

Poor public approval of the plan could give more fodder to Democratic arguments in which Republican tax bills would likely not do enough to help the middle class.

House in addition to Senate Republicans have crafted separate, however largely overlapping, bills in which would likely chop corporate taxes in addition to tweak the individual tax system. The House aims to pass its plan Thursday, while the Senate wants to approve its bill during the week after Thanksgiving.

If the chambers pass their own bills, they will have to reconcile them. Lawmakers would likely create a unified plan to approve in addition to send to President Donald Trump’s desk.

Major analyses so far have estimated in which versions of the bills would likely cut the tax burden on most Americans. However, millions of middle-income people could end up seeing a tax increase, due to alterations to provisions like state in addition to local tax deductions.

Both bills would likely reduce the corporate tax rate to 20 percent coming from 35 percent. On the individual side, the plans get rid of the personal exemption, nearly double the standard deduction, either narrow or repeal the estate tax in addition to reduce the tax burden on pass-through businesses.

Under the latest Senate proposal, most individual rate cuts would likely expire, while corporate reductions would likely be permanent. The bill would likely also effectively repeal the Obamacare individual mandate, a politically contentious measure in which would likely lead to an estimated 13 million more people uninsured by 2027.

The bills treat some deductions differently. The House plan curbs the mortgage interest deduction in addition to keeps a deduction for state in addition to local property taxes. The Senate bill does not change the cap on the mortgage interest deduction in addition to scraps all state in addition to local deductions.

The nationwide Quinnipiac poll surveyed 1,577 voters coming from Nov. 7 to Nov. 13. the idea incorporates a margin of error of plus or minus 3 percentage points.

Leave a Reply

Your email address will not be published. Required fields are marked *


10 − two =