IN CASE YOU MISSED IT
“President Trump and House Republicans are on the losing end of the tax debate before it even starts, amidst a furious backlash over their historically unpopular healthcare repeal,” said DCCC Spokesman Tyler Law. “While it’s obvious that Speaker Ryan is desperate to get anything passed through his do-nothing Congress, it’s equally clear that every day Americans don’t have any interest in what he is selling. The combination of cutting healthcare and giving tax cuts to corporations that ship jobs overseas, rather than helping regular people, will be a major problem for this imperiled Republican House majority.”
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Two-thirds say big corporations pay too little in taxes
ABC News
http://abcnews.go.com/amp/Politics/thirds-large-corporations-pay-federal-taxes-poll/story?id=50082215
Cutting corporate taxes looks like a hard sell for Donald Trump and Republican Party leaders — a new ABC News/Washington Post poll shows that 65 percent of Americans feel large corporations pay too little in taxes.
Given what the public knows about it, they opposes Trump’s tax plan by 44-28 percent, with a substantial 28 percent undecided. Half of those polled expect the administration’s plan to reduce taxes on the wealthy, while just 10 percent think it’ll reduce taxes on the middle class. A quarter expect equal treatment.
A tax break for the wealthy would be out of step with public opinion. Overall, a broad 78 percent favor trimming income taxes on middle-and lower-income Americans, while just 33 percent support reducing taxes on higher-income individuals. The public splits when it comes to cutting taxes paid by businesses in general — 45-48 percent, support-oppose.
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Trump has expressed support for a 15 percent corporate tax rate; it’s currently 35 percent, and Republican congressional proposals so far suggest a rate of 20 percent. As noted, though, two-thirds of those polled think corporations pay too little in taxes. Among those, half oppose Trump’s plan (including 39 percent strongly opposed) while just 21 percent support it.
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