Congressional Republicans have succeeded in passing a signature $1.5 trillion rewrite of the tax code, which now awaits President Donald Trump’s signature. Yet the prospect of lower taxes has not sold the public at large on the bill. Surveys find that the bill is relatively unpopular, with more people disapproving of the tax-reduction package than approving of it. Indeed, the bill is considerably less popular than previous tax cuts overseen by Presidents Ronald Reagan and George W. Bush. Americans generally despise paying taxes—we literally had a revolution about it—so this is quite a neat trick.
So, what’s different this time? CONT.
Christopher M. Federico (U. of Minnesota), Politico Magazine
Recent polls: Taxes