Monday , May 6 2024
Home / Mike Norman Economics / Reuters/Ipsos poll — Fewer than a third of Americans back Trump tax plan

Reuters/Ipsos poll — Fewer than a third of Americans back Trump tax plan

Summary:
As the 2018 midterm congressional election campaigns grow nearer, the poll found that more than two-thirds of registered voters said reducing the U.S. federal budget deficit is more important than cutting taxes for the wealthy or for corporations.Trump’s plan would balloon the deficit and add to the trillion 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, 63 percent said deficit reduction should take priority over tax cuts for corporations, while 75 percent said deficit reduction should take priority over tax cuts for the wealthy. Deficit hysteria and debt phobia is popular in the US.ReutersFewer than a third of

Topics:
Mike Norman considers the following as important: , , ,

This could be interesting, too:

Mike Norman writes Pete Buttigieg and the Myth of Deficit Responsibility — Luke Darby

Mike Norman writes Pete Buttigieg’s Vow to Cut the Deficit Is Fiscally Irresponsible — Eric Levitz

Mike Norman writes The Debt Delusion by John Weeks — Mathew D. Rose

Mike Norman writes Lars P. Syl — Vickrey on deficits and obfuscatory financial rectitude

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

Trump’s plan would balloon the deficit and add to the $20 trillion 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, 63 percent said deficit reduction should take priority over tax cuts for corporations, while 75 percent said deficit reduction should take priority over tax cuts for the wealthy.
Deficit hysteria and debt phobia is popular in the US.

Reuters
Fewer than a third of Americans back Trump tax plan: Reuters/Ipsos poll
Amanda Becker and Chris Kahn



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *