Taxes

Poll: Few Americans Expecting Lower Taxes From GOP Tax Cuts

JM Ashby
Written by JM Ashby

Highlighting the political and economic weakness of the Republican party's tax cuts, a new Reuters/Ipsos poll found that barely more than 20 percent of American expect to actually receive a tax cut.

In fact, the number of Americans who expect to pay more in taxes is now higher than the number who are expecting to pay less

NEW YORK (Reuters) - Only one in five U.S. taxpayers expect to pay less income tax this year as a result of the tax reform law passed in 2017 by Republicans who promised big savings for everyday Americans, according to a Reuters/Ipsos opinion poll released on Friday. [...]

The March 6-11 survey found about 21 percent of adults who had either filed their taxes or planned to said “the new tax plan that Congress recently passed” would let them pay less this year; about 29 percent said they would pay more; 27 percent said there would be no impact; 24 percent said they were not sure.

Surprisingly, only 33 percent of self-identified Republicans polled by Reuters are expecting to pay less this year.

That obviously doesn't mean Republicans are finally going to stop believing every lie their party leaders tell them about rising tides lifting all boats, but it does give Democratic candidates an opportunity to appeal to voters who may be on the fence.

The Trump regime has been very good for you if you're a corporate executive or wealthy shareholder, but it has not been so good for the average Americans who are going to be asked to pay for the GOP's tax cuts at some point.

The bill is going to come due and those who received virtually no benefit from it will be asked to pay for it. The GOP privatized the gains and socialized the losses when they engineered their tax cuts to benefit shareholders more than anyone else.

  • Badgerite

    It’s the Wall Street bail out of 2008 all over again except here it is intentional gop enacted governmental policy.
    “Rigged” is the word for it.
    What’s more the actual impact of the elimination of the personal exception and exceptions for dependents has not taken effect yet and will not for another couple of years but when it does most every working person’s taxes will go up as what is considered taxable income will go up pretty much for all working people.

  • muselet

    Americans learn very slowly and very poorly.

    Given the mess the Rs have made of the income tax system (and most everything else), no one with that letter after their name should be elected to any office, at any level of government. However, elected and wannabe-elected Rs will intone the correct conjuring words—Debt! Deficit! Taxandspendliberaldemocrat! Entitlement reform!—and will win enough elections to remain pains in the arse of the body politic for years to come.

    –alopecia

  • katanahamon

    I’ve told you guys this in other postings but..I got screwed this year. Nothing changed, I’ve had the same expert CPA do my taxes for the last twenty years because I refuse to delve into that crap. My situation currently is that I’m disabled, on a private policy, and the last two or three years I’ve been on it I received a substantial refund due to how I have my taxes deducted. However, this year, my refund was slashed to 25% of what it was. I’m so glad to have contributed to the 1% and the military. Oh, and the farm subsidies that our Republican congressmen receive..among other groups. Blech,…..

  • Draxiar

    The next Republican that bitches about the size of the debt and has the brazen chops to say “tax and spend liberal” with a straight face needs to be put in the stocks and pelted with horseshit.