Quantcast
Connect with us

More Americans think wealthy, not middle class, will benefit from tax reform: Reuters/Ipsos

Published

on

Americans are more likely to believe the wealthy will benefit most from the tax reform currently being pushed in the U.S. Congress by Republicans who insist their goal is to help the middle class, according to a Reuters/Ipsos opinion poll released on Thursday.

The poll found 32 percent of Americans think the wealthy will benefit most, compared to 14 percent who think all Americans will benefit and 14 percent who think large U.S. corporations will benefit most.

ADVERTISEMENT

Congress is working to try to enact the most sweeping overhaul of the tax code since the 1980s that would lower taxes for millions of individual tax payers and slash the rate paid by corporations. The proposal would also eliminate most individual tax deductions, a move that could result in some taxpayers seeing an increase in their total bill to the government while others see a decrease.

Despite an insistence by Republicans that their goal is help the middle class, only 8 percent of Americans think that demographic will benefit the most, the poll, which was conducted Nov. 3-8, found.

Republicans and Democrats are divided on who they think tax reform would help the most. Among Republicans, 26 percent think all Americans will benefit, followed by 16 percent who think the wealthy will benefit most, the poll found.

But among Democrats, 46 percent think that wealthy will benefit most, with only 7 percent thinking all Americans will benefit and 17 percent who think corporations will benefit.

And while those polled did not think that the middle class will benefit most, an overwhelming majority thought that they should.

ADVERTISEMENT

The poll found 79 percent think its more important to cut taxes for the middle class than for corporations, and 76 percent think its more important to cut taxes for the poor than for corporations.

However, 76 percent said it was more important to cut taxes for corporations than it was to cut taxes for the wealthy.

When it comes to specific changes, the poll found that 46 percent of Americans oppose limiting the mortgage interest deduction, compared to 35 percent who support the change.

ADVERTISEMENT

The strongest opposition came to the Republican proposal to eliminate deductions for medical expenses, with 54 percent saying they are against the change and 32 percent saying they support it.

The Reuters/Ipsos poll was conducted in early November online in English throughout the United States. It gathered responses from 1,608 adults and has a credibility interval, a measure of accuracy, of 3 percentage points.

ADVERTISEMENT

(Reporting by Ginger Gibson and Chris Kahn.)


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Virginia mayor faces calls to resign after claiming Joe Biden had picked Aunt Jemima for VP

Published

on

On Monday, WTOP reported that Barry Presgraves, the mayor of Luray, Virginia, faces calls to resign following his post on social media that "Joe Biden has just announced Aunt Jemima as his VP pick."

"Mayor Barry Presgraves has been in office since 2008, but earlier announced he would not seek reelection in 2020. A lifelong town resident, he had previously served on the town council," reported Neal Augenstein. "A screenshot, purportedly from Presgraves’ personal Facebook page, was shared with WTOP but was not online Monday."

Continue Reading

Facebook

Trump appointee has a Twitter meltdown after public reporting on her far-right beliefs

Published

on

A bigoted Trump appointee at the famed U.S. Agency for International Development (USAID) has just quit but not before announcing she is teaming up with infamous conspiracy theorists Jacob Wohl and Jack Burkman at a Thursday press conference, where she will discuss her "Christian beliefs."

Merritt Corrigan, who once complained the U.S. is in the clutches of a “homo-empire” that pushes a “tyrannical LGBT agenda,” according to Pro-Publica, made several announcements via her now unlocked but mostly-all deleted Twitter account.

Continue Reading
 

Breaking Banner

MSNBC’s ‘demotion’ of ‘feckless’ Chuck Todd celebrated: ‘Hurray! More Nicolle, less Chuck’

Published

on

MSNBC host Chuck Todd was moved to an earlier timeslot where his show, "Meet the Press Daily," will likely earn lower ratings. Meanwhile, Nicolle Wallace seems to have been promoted to a two-hour timeslot leading into primetime.

Wallace, who has extensive experience in Washington, previously served in George W. Bush's White House until abandoning the GOP as the era of Trump came to power.

Todd has made several missteps where he's been unwilling to press GOP leaders who lie openly and obviously on camera.

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image