Only 34 percent of Americans support the tax plan being promoted by President Trump and congressional Republicans while 52 percent oppose them, according to a new SSRS poll for CNN. Support depends on partisan identification — 81 percent of Democrats and 50 percent of independents oppose the plan, while 70 percent of Republicans support it. Interestingly, 24 percent of respondents said they thought they and their families would be better off under the GOP tax plan, while 31 percent said they expect to be worse off and 37 percent said they would likely be the same. A recent CBS News poll found that 58 percent of Americans said the tax proposals primarily favor the wealthy.
A plurality of respondents, 38 percent, said the plan would increase the federal deficit, while only 22 percent said it would shrink it. Half of Americans disapprove of Trump's handling of taxes, a new high. SRSS conducted the poll for CNN Oct. 12-15, speaking with 1,010 adults via telephone. It has a margin of sampling error of ±3.5 percentage points.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
