Voters are in favor of President Donald Trump and congressional Republicans' tax reform plans, but support for it decreased last week after the House released its tax bill proposal, according to a Politico/Morning Consult poll released Thursday.
The results:
- 45 percent of voters support the tax proposal (down from 48 percent last week).
- 36 percent oppose the proposal (same amount as previous week).
Thirteen percent of voters who had not heard about the tax reform proposal were not included in those results, Politico reported.
Some of the elements of the tax reform proposal are popular with a majority of voters:
- 60 percent support increasing the child tax credit to $1,600 per child.
- 59 percent support doubling the standard deduction, making it $24,000.
- 59 percent support reducing the tax rate on small businesses to 25 percent.
Voters are less supportive of other elements in the proposal.
- 36 percent favor eliminating many itemized tax deductions.
- 35 percent support cutting the corporate tax rate to 20 percent.
- 35 percent support raising the estate tax threshold to $10 million then eliminating it.
- 30 percent support removing the state tax deduction from federal taxable income.
"Republican messaging around this bill has tended to play up benefits to small businesses more than corporations, and the polling shows why. Fifty-nine percent of voters say that reducing the tax rate for small businesses should be in the legislation, compared to just 35 percent support for lowering the corporate tax rate," said Kyle Dropp, Morning Consult co-founder and chief research officer.
The poll was conducted from Nov. 2 to Nov. 6 among 1,991 registered voters, with a margin of error of plus or minus 2 percentage points.
Mick Mulvaney, the director of the Office of Management and Budget, said that the president would not sign the Republican tax plan if it raised taxes for middle-class Americans.