Taxes

Working Americans Overwhelmingly Oppose Tax Plan

When Congressional Republicans released their tax plan, President Trump declared it “a great bill” and “a great day for the American worker.” But working Americans are seeing the Trump tax plan for what it is: at least $1.1 trillion in windfalls for corporations and the already wealthy.
According to a CBS News Poll, conducted December 3-5, 53% of Americans disapprove of the Republican plan, compared to only 35% who approve. Seventy-six percent believe the plan will help corporations, and 69% expect it will benefit the wealthy, while only 31% think it will help the middle class and only 24% feel it will be good for their own families.
Forty-three percent anticipate the plan will make the economy worse, compared to 33% who think it will bring improvements. By a 64% to 28% margin, Americans reject the plan’s selling point: that tax cuts will cause corporations to create jobs.  And most Americans fear the tax cuts will be paid for with cuts in Social Security and Medicare.
In similar surveys, Quinnipiac, ABC News/Washington Post, CNN, Morning Consult and YouGov all found only 36% of Americans or even fewer supported the plan.
Interviews with voters in Michigan, including communities carried by Trump, found widespread disillusionment. In Sterling Heights in the suburbs of Detroit, Ron Stephens – a Republican who works in purchasing for the auto industry – said he expects any tax cuts he gets will be canceled out by losing deductions. He opposed corporate tax cuts, asking “Why are you going to lower their [top executives and major investors in the auto industry] taxes? The level of lifestyle that they have versus everyone else – why do they need that?”
In Flint, Lee Johnson, who is retired from working for the school district, said Republican Congressional leaders haven’t answered the simple question, “Is this going to help the middle class?” Meanwhile, Patrick Colley, a Teamster who hauls cars, said he supports tax cuts for small businesses but isn’t sure about large corporations. “I pay like 30 percent [in taxes], and I’m a regular guy,” he said. “And a millionaire pays like 12 percent. It’s not fair.”
Across America, others voiced similar doubts. In Tucson, Arizona, schoolteacher Cindy Winston said, “It’s [the tax plan] being passed off as something that’s advantageous to working class folks,” but worried it would hurt “teachers who are living at a poverty level,” while causing cuts in education and health care.
At Joseph’s Coat Community Outreach Ministry in the community of Arnold, outside Pittsburgh, Pa., the Rev. Teralyn Bossio summed it up: “My opinion is that it’s a tax break for wealthy people, and it’s going to hurt everyone who isn’t wealthy. I don’t like the fact that they say 13 million people will lose their health care coverage.”

Categories: Taxes, Trump