Politics Magazine

Public Believes Economy And Trump Tax Plan Favor Rich

Posted on the 17 October 2017 by Jobsanger
Public Believes Economy And Trump Tax Plan Favor Rich
Public Believes Economy And Trump Tax Plan Favor Rich
During the Reagan administration, the Republicans instituted their supply-side economic policy (commonly known now as "Trickle-Down" economics). They promised that giving more tax breaks and less regulations to the rich and corporations would benefit everyone in the country. They lied.
The rich got much richer, the poor got poorer, and the middle class has shrunk (and continues to shrink). Democrats have tried to change the economic policy, but Republicans have blocked all those efforts. The truth is that the GOP economic policy has been good for only one class of people -- the rich.
Now, it looks like Americans are finally figuring that out (after too many years of believing the Republican lies). A new poll shows that a significant majority of Americans believe the current economic policy favors the rich.
Trump, and his GOP colleagues in Congress, are once again trying to fool the American people. They say they are giving a huge tax cut to the middle class. It's not true. Most of those tax cuts will go to the corporations and the rich -- the only entities that don't need a tax cut (and shouldn't get one).
The same poll shows that the public is not buying the lie this time. They believe it's just more trickle-down, with the rich getting favored by the tax plan. The public is in favor of a tax cut, but they don't think that cut should go mainly to the rich.
The charts represent the findings in a new CBS News / YouGov Poll -- done between October 11th and 13th of a random national sample of 2,371 adults, with a 2.5 point margin of error.

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • The Verdi Project: Stiffelio

    Verdi Project: Stiffelio

    Verdi battles the censors with an opera about religion. by Paul J. Pelkonen Preacher man: José Cura as Stiffelio at the Metropolitan Opera.Photo by Ken Howard... Read more

    The 22 April 2018 by   Superconductor
    CULTURE, THEATRE & OPERA
  • I Still Managed To Shop These In Mauritius!

    Still Managed Shop These Mauritius!

    Travelling to Mauritius? Thinking of what you should buy? Here is a list that SSU contributor Sakshi bought and she has some honest take on Mauritius markets.... Read more

    The 22 April 2018 by   Shoppingaholic
    HAIR & BEAUTY, LIFESTYLE, SHOPPING
  • Food Review: Katz’s Delicatessen, New York City

    Katz’s katzenjammer sandwich Katz’s deli in the lower East side of New York comes recommended by most guidebooks and travel websites, and someone we know said... Read more

    The 22 April 2018 by   Emma
    DESTINATIONS, DINING OUT, FOOD & DRINK
  • Healthy Lunch Salad!

    Healthy Lunch Salad!

    Yesterday, I invented this lovely healthy lunch or dinner. I even eat it like breakfast this morning! So good, So yummy! You can eat it just like this but I wil... Read more

    The 22 April 2018 by   Sophies Foodie
    FOOD & DRINK, RECIPES, VEGETARIAN & VEGAN
  • Skincare Empties #8

    Skincare Empties

    Hi All,According to the Instagram polls am posting an empties post first. I am so into powder cleansers that I ended up using two of them both are my favorites. Read more

    The 22 April 2018 by   Skincarevilla
    HAIR & BEAUTY
  • The Most Important Mission Of The Modern Mormon Church

    Most Important Mission Modern Mormon Church

    Previously: A Plea Unto Every Latter-day Saint On the shelf directly behind me is a hefty Dictionary of Early Christian Beliefs, which I like to browse now and... Read more

    The 22 April 2018 by   Rockwaterman
    SOCIETY, SPIRITUALITY
  • 6 Ways To Be A Business Leader As Well As A Developer

    Ways Business Leader Well Developer

    Almost every entrepreneur starts their journey by developing a solution, based on their idea of a new technology or required service. These idea and developer... Read more

    The 22 April 2018 by   Martin Zwilling
    BUSINESS, CAREER

Magazines