The Holy Grail of millionaire tax cuts
by digby
As the congress votes to give the wealthy a tax cut windfall at the expense of everyone else, the nation looks on in disgust:
With the House of Representatives set to vote on the Republican tax reform bill Tuesday before sending it to the Senate and then the President's desk for signing on Wednesday, the plan faces growing opposition and a widespread perception that it will benefit the wealthy more than the middle class, according to a new CNN poll conducted by SSRS.
Opposition to the bill has grown 10 points since early November, and 55% now oppose it. Just 33% say they favor the GOP's proposals to reform the nation's tax code.
Two-thirds see the bill as doing more to benefit the wealthy than the middle class (66%, vs. 27% who say it'll do more to benefit the middle class) and almost four in 10 (37%) say that if the bill becomes law, their own family will be worse off. That's grown five points since early November. Just 21% say they'll be better off if the bill becomes law.
More than six in 10 (63%) see the tax bill as leaving the President and his family better off. Just 5% think it harms the Trump clan. And disapproval of the President's handling of taxes has risen six points in the last month, to 57%.
President Donald Trump, the bill's salesperson-in-chief, lands at an overall 35% approval rating in this poll, his worst mark yet in CNN polling by one point. Trump's approval ratings continue to be the lowest for any modern president at this point in his presidency. As of December of their first year in office, all first-time elected presidents back to Eisenhower have approval ratings of 49% or higher except for Trump.