IN THIS ISSUE:
1. 80% of Americans Got a Tax Cut, But Less Than 20% Know It
2. Many Americans Outraged Over Smaller Income Tax Refunds
3. Rasmussen: Tax Filers Are Slower to Pay This Year
80% of Americans Got a Tax Cut, But Less Than 20% Know It
With the run-up to the 2020 elections already underway, President Donald Trump’s tax cuts have triggered the biggest partisan rift in two decades and could play a big part in whether or not he is re-elected.
According to the latest analysis by the nonpartisan Tax Policy Center, eight in 10 Americans (80%) received tax cuts in 2018 under the new law. Yet several recent polls show that a similar percentage of Americans, over 80%, don’t think they got a tax cut at all.
That’s right: The latest NBCNews/WallStreetJournal poll on this topic found that only 17% of people believe their taxes went down last year. In contrast, 28% believe they pay more, 27% believe they paid about the same and the final 28% are still unsure. Wow!
Among Republicans polled, only one-third (33%) believed they got a tax cut last year. This is a big reason why the tax cuts provided so little tailwind for the GOP in the 2018 midterm elections when Democrats were able to take control of the House of Representatives.
Even among Trump’s core of supporters, only 36% believe they got a tax cut last year; another 36% said their taxes stayed the same; and 6% believe they’re paying more. Unbelievable.
But wait, it gets even worse: Another recent poll, this one by Pew Research, shows the tax cuts remain unpopular politically, meaning that many Americans didn’t want President Trump’s tax cuts in the first place. Pew found that just 36% of Americans approved the tax cuts, while 49% disapproved. Double Wow!!