A new CNN poll finds opposition to the Republican tax bill has grown 10 points since early November, and 55% now oppose it. Just 33% say they favor the GOP’s proposal. Meanwhile, President Trump’s approval rating has fallen to 35%, his worst mark yet in CNN polling.
“Our tax system is punishing all those qualities that make America great.”
— Speaker Paul Ryan, in a video celebrating the GOP tax bill, when he was a 28-year old congressman.
“Congress’ nonpartisan tax analysts have concluded the Senate Republicans’ tax plan would add $1 trillion to the deficit over 10 years, contradicting White House promises the bill would pay for itself and complicating GOP leaders’ efforts to find the support they need to pass the bill through a closely divided Senate,” the Washington Post reports.
A new ABC News-Washington Post poll finds Americans oppose President Trump’s emerging tax plan by broad a 17-point margin, with 60% saying it favors the wealthy -– including six in 10 of the wealthy themselves.
Reuters/IPSOS: Of those adults who said they had heard of the “tax reform plan recently proposed by congressional Republicans,” just 28 percent said they support it, while 41 percent said they oppose it and another 31 percent said they do not know. The poll found opinions on Trump’s plan were sharply divided along party lines, with 56 percent of Republicans and just 9 percent of Democrats supporting it.
Just days after the release of data showing that Pres. Obama and the Democratic-controlled Congress had reduced the federal deficit by 13 percent — down $103 billion — over the past year, the Republicans have released a tax plan that the Washington Post says would increase the deficit by a multiplier of four, compared with the stimulus and health-care reform, policies the GOP voted against, claiming they were too expensive:
Republican former Sen. Alan Simpson — who was a friend of Pres. Ronald Reagan and who was conservative enough to be elected to the Senate three times by voters in Wyoming, Dick Cheney’s home state — is fed up by what the called the “myths and misconceptions and the distortions” about Reagan’s record on raising taxes.
Simpson, who serves on the federal commission charged with finding solutions to lowering the national debt, spoke out during a recent public hearing.