Tuesday 25 September 2018

Majority of Americans oppose tax plan

US President Donald Trump. Photo: Reuters
US President Donald Trump. Photo: Reuters

Alan Martin

Fewer than a third of Americans support Donald Trump's tax-cut plan, according to a Reuters/Ipsos poll, as the US president went to Capitol Hill looking for Republican backing for his proposal to slash tax rates for individuals and companies.

As the 2018 midterm congressional election campaigns grow nearer, the poll found that more than two-thirds of registered voters said reducing the US federal budget deficit was more important than cutting taxes for the wealthy or for corporations.

Mr Trump's plan would balloon the deficit and add to the $20trn (€17trn) national debt, according to critics and independent analysts, but Republicans say the tax cuts proposed in the plan would be offset by economic growth that would generate new tax revenue. Among Republicans surveyed, 63pc said deficit reduction should take priority over tax cuts for corporations, while 75pc said deficit reduction should take priority over tax cuts for the wealthy.

Irish Independent

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