View Single Post
  #180  
Old 03-27-2018, 09:01 PM
Chicks Chicks is offline
Senior Member
 
Join Date: Mar 2017
Posts: 13,286
More evidence that the tax cut has done almost nothing for the middle class, while enriching the already wealthy even more.

https://www.cnbc.com/2018/03/27/trum...o-tariffs.html

Some insight into the stagnant nature of the president's numbers can be found in American opinions on his policies. Perhaps most importantly, the data show that the tax cuts have not been felt, at least not yet. The poll was conducted March 17-20, which should be well enough into the year for Americans to notice a change in their withholding taxes. But that's not the case.

Just 32 percent of the public reports having more take home pay because of the tax cuts, including only 48 percent of Trump supporters and 35 percent of the middle class. More than half say they see no change in their paychecks and 16 percent are unsure. It could be that more time is needed for people to notice the change. It could also be that the tax cut provided too small a break to be meaningful to many Americans.

Some evidence of this comes from the 32 percent who say they have noticed more take-home pay. Of this group, only 38 percent say the extra pay helps their financial situation "a great deal" or "a fair amount, while 40 percent say it helps some or just a little, and 22 percent say "it does not help much at all."
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
Reply With Quote