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Partisan Schism In Support For US Tax Cuts And Jobs Act

by Mike Godfrey, Tax-News.com, Washington

26 January 2018


US taxpayers are equally divided on whether the recent US tax bill, the Tax Cuts and Jobs Act, will benefit or negatively impact them, with a marked partisan divide, according to a survey by the Pew Research Center.

The center released a report on January 24 based on a survey of 1,503 adults during January. 29 percent of respondents said the reforms would have a positive impact on their personal circumstances, while 27 percent thought the TCJA would negatively impact them. Others said it would have a negligible impact on them.

The results were strongly partisan. Republicans were significantly more likely to consider the bill positive, with 52 percent expressing such, compared with just 13 percent of Democrats.

The differences in opinion between Republican and Democrat supporters was more stark when asked about the TCJA's impact on the United States as a country. 35 percent say the law will have a mostly positive effect on the country, 40 percent a mostly negative effect, and 15 percent say it will have little effect. However, 71 percent of Republican Party supporters said the bill would positively impact the US, compared with 11 percent of Democrats.

Overall, just 37 percent of Americans approve of the law, while 46 percent disapprove, with the remainder not expressing an opinion.

TAGS: tax | law | corporation tax | United States | Other | Tax

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