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Americans reject Republican tax plan by wide margin

Americans reject Republican tax plan by wide margin

The poll also found that 64 percent of American voters think the plan benefits the wealthy the most.

Almost two-thirds of voters, meanwhile, said they believe the wealthy will be the biggest beneficiaries of the GOP tax plan, compared to about a quarter who said they think middle class Americans will see the largest benefit.

As President Donald Trump sees it, the GOP tax plan is growing in popularity.

In a Gallup survey, 29 percent of respondents approved of the Tax Cuts and Jobs Act, while 56 percent disapproved.

Sixty-four percent of those surveyed said they believe the legislation would benefit the wealthy the most, 24 percent said it would benefit the middle class the most and 5 percent said it would benefit those with low incomes the most. He continued, "And I think people see that and they're seeing it more and more, and the more they learn about, the more popular it becomes".

In fact, FiveThirtyEight found that the current legislation to be one of the least popular tax-related bills since 1981 - even less popular than two bills that hiked taxes in the 1990s.

The survey of 1,508 voters was conducted from November 20-Dec.

As of Wednesday, the bill had average ratings of 32% approval and 46% disapproval, based on polls from five organizations.

Trump told reporters Tuesday that he views the tax plan as a "tremendous bill for jobs and for the middle class".

This is part of the reason why voters want Democrats in control of Congress, "American voters say 50 - 36 percent, including 44 - 36 percent among independent voters that they would like the Democrats to win control of the U.S. House of Representatives in 2018". Trump and Congressional leaders insist their tax-cut plan will reduce the national debt, but the top tax experts who advise Congress say it will actually add $1 trillion to the debt.

The Senate version would drop the highest personal income tax rate from 39.6 percent to 38.5 percent and, like the House bill, almost double the standard deduction, according to the Associated Press.

The House and Senate bills must now be reconciled in conference committee before Republicans' tax overhaul effort can be signed into law.

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