Here’s an interesting bit of news: The tax bill being whooped through Congress is very unpopular with the American people.
Senate Republicans’ effort to pass tax reform is at a crucial juncture. As some senators waffle on whether to support the bill, they may want to spare a glance toward public opinion: Poll after poll shows that more voters than not are opposed to their efforts. In fact, the GOP bill is one of the least popular tax plans since Ronald Reagan’s day.
About a third of voters currently support the Republican tax reform package, according to an average of five surveys released1 this month. In a Quinnipiac University survey, just 25 percent of voters approved of the plan. Surveys from ABC News/Washington Post, CNN, Morning Consult and YouGov put approval of the plan slightly higher, but all are still at 36 percent or lower. Meanwhile, an average of the five polls puts opposition at 46 percent.
Why is support so low? Americans are opposed to the bill because they think it disproportionately benefits the rich. (It likely will.) President Trump’s administration has argued, however, that there were similar complaints about the Reagan tax cut plan of 1981, which preceded an economic boom.
The Reagan plan, though, was far more popular in 1981 than the current Republican plan is now. In a Gallup survey taken in the days after Reagan signed his tax cuts into law on Aug. 13, 1981, 51 percent of Americans were in favor of it. Just 26 percent of Americans were opposed. The other major tax cut of the Reagan administration (signed in 1986) wasn’t nearly as popular, but it was still more popular than the current GOP legislation. A CBS News/New York Times survey conducted in the days after the bill passed Congress found 38 percent in favor and 34 percent opposed.
Indeed, major tax cut plans are usually more popular than unpopular. Heck, even some tax hikes have been more popular than the current GOP bill.2
Yesterday I cynically suggested that the tax cuts would go through and trash what’s left of the recovery and throw 15 million people off health insurance and the vast majority of Americans wouldn’t notice until it lands in their lap, if then. Well, maybe they’re noticing after all.