Taxes

Poll: Voters Say the GOP Tax Bill Favors the Rich

JM Ashby
Written by JM Ashby

According to the latest Quinnipiac University poll, American say the congressional Republican tax bill favors the rich by a margin of nearly 3 to 1 and virtually no one believes it will help low-income people.

The Republican tax plan pending in the U.S. Congress benefits the wealthy the most, 64 percent of American voters say, while 24 percent say the tax plan benefits the middle class and 5 percent say it benefits low-income people, according to a Quinnipiac University national poll released today. [...]

In a separate question, voters say 61 - 34 percent that the tax plan favors the rich at the expense of the middle class.

The plan will increase their taxes, 41 percent of voters say, while 20 percent say the plan will reduce their taxes and 32 percent say the plan will not have much impact on their taxes.

In the wake of the Republican tax plan, American voters say 47 - 39 percent that the Democratic Party can do a better job handling taxes. Voters have been divided on this question in the past.

Republicans believe they must pass tax cuts for the rich to win the next election, but I just don't see it that way. I believe passing the bill will dim their political prospects, but I can't encourage them to pass it because it could also cause irreparable harm to the country before Democrats have a chance to reverse it.

Quinnipiac is hardly the only poll displaying similar results and it's clear that no one believes in trickle-down economics anymore. That is to say no one who really needs to be trickled-down on believes it will actually happen as evidenced by just 5 percent of voters saying it will benefit low-income people.

What has been remarkable about this entire process has been the very public admission by CEOs and corporations that they will not be hiring more workers or boosting wages. They've been very honest by saying they will buy back their own stocks and pay dividends to shareholders.

There's a profound sense that not even the people who still use the words "trickle-down" to justify the policy actually believe in it. This was abundantly clear when Trump's top economic adviser Gary Cohn literally smiled and laughed out loud when he asked a room full of CEOs to raise their hands if they plan to invest. Almost none of them raised their hands.

  • Best explanation I’ve heard for “trickle down” was from Lewis Black on Colbert’s show. He said, ‘imagine you pissed in your pants…now put a cup down at that bottom of your pants….then stand there and wait for the cup to fill up…..it never will and that’s how well trickle down economics works….” A gross but effective explanation.

  • muselet

    Those polled have demonstrated they understand the basic outline of the R tax plan. Good for them.

    Whether they will be able to connect the dots (The R tax plan was passed by which political party? Anyone? Come on, nobody?) and vote against every R at every level of government remains an open question.

    –alopecia

    • ninjaf

      But think of all the unborn fetuses those Democratic tax policies will kill! Once they’re born, we’re fine with letting them die. But while they are inside some slut’s uterus, we care about forcing her to carry her shame baby to term. So, we will continue to vote for Republicans because our Christian values demand it “for the children.”

      /snark

  • Badgerite

    Orin Hatch now says because of the tax bill there isn’t enough money to fund the CHIP program. ( Children’s Health Insurance Program) Interesting. I believe he made a point of saying how this Ultra Rich Donor Rewards Bill would not cut Medicare. And it is already being used as an excuse to not provide health insurance ( medical care) to the children of low income parents. Apparently because those kids are slackers and should start working in the coal mines for an exciting time. ( See stupid things said by Betsy Devos)

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  • Georgie

    The GOP right now isn’t worried about the voters, right now they are worried about their donors and their own pockets being filled. I’m not exactly sure how that will work out for them, but if you don’t get voted for you can’t help your high dollar donors. But maybe it doesn’t matter in the end since this tax plan seems to be an “all or nothing” situation for them.

    • Wildson

      The GOP voters are pansies, being bamboozled by the biggest ponze scheme of our time…

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