Americans are souring even more on the Republican tax bill, with barely one in three Americans supporting the bill championed repeatedly by Congresswoman Mimi Walters (R-Irvine), Trump, and Republicans.
The numbers from a new Monmouth University poll show support for the tax bill is significantly lower than January, when only 44 percent of American approved. Approval has now dropped to a mere 34 percent.
“Public opinion on the Republican lawmakers’ signature accomplishment has never been positive,” says Patrick Murray, director of the Monmouth University Polling Institute, “but potentially growing uncertainty about how American taxpayers will be affected does not seem to be helping the GOP’s prospects for November.”
The tax bill has been a boon for the richest one percent and Wall Street corporations, but a bust for working California families.
America’s wealthiest one percent will receive more than 80 percent of the benefits from the tax bill. Meanwhile, by 2027, “nearly 70 percent of Americans in the middle fifth of the income distribution — earning $54,700 to $93,200 a year in 2017 dollars — would see their taxes go up, with an average tax hike of $150,” according to Vox.
Walters voted for a bill that drastically increases the American deficit in order to lavish the ultra-wealthy with millions of dollars. One provision of the unpopular tax bill changes the rules for wealthy heirs and heiresses. “The few estates large enough to remain taxable — fewer than 1 in 1,000 estates nationwide — will receive a tax cut of $4.4 million per couple,” according to a recent study.
Wealthy companies are on pace to pocket a $1.64 trillion kickback from congressional Republicans like Walters, which is $300 billion more than lawmakers forecasted, Bloomberg reports.
“So far, that real money is by far mostly going to shareholders and not workers,” concludes Bloomberg.
For Californians, the bill backed by Walters will increase taxes for many. Homeowners in Orange County will see their taxes go up by as much as $4,500. In fact, roughly one million Californians will owe $12 billion in more taxes this year, thanks to changes in the law.
While Walters wholeheartedly endorses the bill, some of her fellow Republicans warned about the dangers of the bill. Retiring Rep. Darrell Issa (R-Vista) said, “I didn’t come to Washington to raise taxes on my constituents and I do not plan to start today.”
Walters, on the other hand, had no such worries.
Americans on Main Street see Wall Street tycoons celebrating record profits, and know that Republicans like Walters left them behind.