Business

Poll: Most Voters Support Trump’s Tax Plan

REUTERS/Jonathan Ernst

Daily Caller News Foundation logo
Robert Donachie Capitol Hill and Health Care Reporter
Font Size:

Most registered voters back President Trump’s initial tax reform plan, according to a Morning Consult/Politico poll released Wednesday.

Fifty-nine percent of voters polled said they would support the plan outlined by the Trump administration, compared to just 20 percent of voters who said they would oppose the plan.

Trump wants to cut the corporate tax rate from 35 to 20 percent, and to shrink the number of individual tax brackets from 7 down to 3 tiers at 12 percent, 25 percent and 35 percent. Other features of the plan voters indicated they would support include a one-time repatriation tax for income held overseas, and a repeal of the estate tax.

Voters showed the most support for the provision of the plan that raises the standard deduction that citizens can claim on their tax returns from $12,000 to $24,000. Sixty-two percent of voters want this feature in the final tax reform proposal.

The respondents do not want to see U.S. companies evade taxes overseas, and are still unsure about cutting the corporate interest rate. Roughly 39 percent of voters think the corporate interest rate should be lower, while 38 percent oppose a substantial cut.

Trump and Clinton voters are split over whether or not high-income Americans will pay more in taxes under the administration’s reform proposal. Thirty-six percent of Trump voters say wealthy Americans will pay more, while only 22 percent of Clinton voters believe that proposition. The majority of Clinton voters (57 percent) think wealthy Americans will pay less in taxes if Congress approves the plan. Only 27 percent of Trump voters agree.

The Morning Consult/Politico poll was conducted from Sept. 29 to Oct. 1, 2017 and sampled 1,992 registered voters. Pollsters interviewed voters online and weighted the date to approximate a target sample of registered voters based on age, race/ethnicity, gender, educational attainment, and region. The margin of error is plus or minus 2 percentage points.

Tax reform appears at the surface to have the most bipartisan support of any legislative push from the administration in Trump’s first 9 months in office. After nearly a handful of failed attempts at getting an Obamacare repeal bill through the Senate, Trump and congressional leadership are looking to score a win before the legislative clock runs out on 2017.

At least three Democratic senators and eight House members are actively engaged in ongoing negotiations with Trump and members of his administration to accomplish the first major legislative achievement of the president’s first term in office.

While some Democrats are already working with the president, a coalition of roughly 45 Democrats in the Senate, including Senate Minority Leader Chuck Schumer, could give the administration trouble going forward. This group has promised to reject any bill that cuts taxes on the wealthy.

The caucus of Senate Democrats sent a letter to Trump and Republican leadership in August in which they wrote, “tax reform cannot be a cover story for delivering tax cuts to the wealthiest … We will not support any tax plan that includes tax cuts for the top 1 percent.”

While on the surface it would appear the top tax bracket receives a cut under the Trump plan, the proposal does include a caveat that the final plan could include a 4th rate on the highest income households.

Follow Robert on Twitter

Send tips to robert@dailycallernewsfoundation.org

 

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

PREMIUM ARTICLE: Subscribe To Keep Reading

Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters
Daily Caller Shows
Ad Free Experience
Exclusive Articles
Custom Newsletters
Editor Daily Rundown
Behind The Scenes Coverage
Award Winning Documentaries
Patriot War Room
Patriot Live Chat
Exclusive Events
Gold Membership Card
Tucker Mug

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel