A fresh CBS News poll released Wednesday and covering the period at the end of October reveals some things that might not surprise you entirely about the way Americans perceive Donald Trump’s tax pitch. After all the work Trump and the GOP have put in trying to convince US citizens that their plan for a major tax overhaul will benefit the middle class and not the super-rich, it seems people aren’t buying it.
To the tune of 56 percent, the majority of people believe that Trump’s tax plan primarily benefits the rich.
That kind of polling is never helpful in an economy that already so clearly favors people with money. The vast majority of Americans do not own stocks and have no interest in what Republicans promise will “create” jobs, because the myth of supply-side economics was disproved long ago. The GOP, unfortunately, hasn’t learned that lesson yet. Americans know that any extra money that goes to the rich will just end up in their pockets, rather than invested back into the economy.
And what does America want to do about it? The poll had an answer for that, as well: Increase taxes on the rich instead. A majority (56%) thought that large corporations should see increases, and an even LARGER majority (58%) thought the same about wealthy citizens. And of course, more than 60 percent thought that small businesses and the middle class should end up paying less in taxes.
But maybe the biggest surprise of all in the polling was how many Americans were fully informed of what Trump’s tax plan will actually do. More than 40 percent of those polled understood that the tax reform being pushed by Trump and the GOP would increase their taxes, rather than bringing them down. Only a quarter thought that tax reform would actually lower the amount they personally pay in taxes.
Those percentages may not even be far from the true numbers — about a quarter of Americans WILL pay less in taxes, while a little more than 40 percent will see theirs go up if the Republicans are successful in passing the tax reform package they’re working on as we speak.
Take a look at the numbers for yourself:
Featured image via Mario Tama/Getty Images