Poll shows Americans are warming to Republican Tax law
Jan 19, 2018 4:13:18 GMT
LadyPorthos likes this
Post by Deleted on Jan 19, 2018 4:13:18 GMT
Americans are warming to the Republican tax law, and becoming more confident in the economy as a whole. They just aren’t sure that President Trump deserves much credit.
The tax overhaul that Mr. Trump signed into law just before Christmas remains relatively unpopular and highly polarizing, according to a new poll conducted for The New York Times by SurveyMonkey. But support for the law has grown significantly over the past month, and more Americans believe that they will receive a tax cut. Forty-six percent of Americans strongly or somewhat approved of the law in early January, up from 37 percent when the bill was nearing passage in December.
A Warming Reception
Since the Republican tax plan became law last month, public opinion of it has improved and more people are expecting a tax cut this year.
At the same time, falling unemployment, accelerating economic growth and a surging stock market have made Americans increasingly positive about both their own finances and the overall economy. That could be good news for Republicans hoping to overcome Mr. Trump’s unpopularity in the midterm elections.
Michael Moran, a recently retired business executive in Georgia, said the economy in his town an hour north of Atlanta was “red hot.” The job market is so tight, he said, that he can’t even find an electrical contractor to perform repairs on his house.
“There’s help-wanted ads everywhere — you see them on all the stores,” Mr. Moran said. “In 2010, you could’ve just yelled out the door and had people lining up.”
Mr. Moran said that he had initially been concerned that the president’s shoot-from-the-hip style could be bad for financial markets and the economy. A year into his term, Mr. Moran still isn’t a fan, but he said he was “pleasantly surprised” by Mr. Trump’s stewardship of the economy. The corporate tax system was overdue for an overhaul, Mr. Moran said, and he applauded efforts to reduce regulations on businesses.
“I won’t say that Trump deserves all the credit for that, but it is true that the economy just really picked up,” said Mr. Moran, who described himself as a political moderate who leans Republican but voted for neither Mr. Trump nor his opponent Hillary Clinton in 2016.
Over all, 42 percent of Americans believe the national economy is better than it was a year ago, according to the Times survey, which polled 10,509 adults in the first week of January. Only 23 percent believe the economy has gotten worse. And a broader measure of consumer confidence, which combines five questions on economic and financial conditions into a single index, rose significantly in January after remaining flat for most of 2017.
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The tax overhaul that Mr. Trump signed into law just before Christmas remains relatively unpopular and highly polarizing, according to a new poll conducted for The New York Times by SurveyMonkey. But support for the law has grown significantly over the past month, and more Americans believe that they will receive a tax cut. Forty-six percent of Americans strongly or somewhat approved of the law in early January, up from 37 percent when the bill was nearing passage in December.
A Warming Reception
Since the Republican tax plan became law last month, public opinion of it has improved and more people are expecting a tax cut this year.
At the same time, falling unemployment, accelerating economic growth and a surging stock market have made Americans increasingly positive about both their own finances and the overall economy. That could be good news for Republicans hoping to overcome Mr. Trump’s unpopularity in the midterm elections.
Michael Moran, a recently retired business executive in Georgia, said the economy in his town an hour north of Atlanta was “red hot.” The job market is so tight, he said, that he can’t even find an electrical contractor to perform repairs on his house.
“There’s help-wanted ads everywhere — you see them on all the stores,” Mr. Moran said. “In 2010, you could’ve just yelled out the door and had people lining up.”
Mr. Moran said that he had initially been concerned that the president’s shoot-from-the-hip style could be bad for financial markets and the economy. A year into his term, Mr. Moran still isn’t a fan, but he said he was “pleasantly surprised” by Mr. Trump’s stewardship of the economy. The corporate tax system was overdue for an overhaul, Mr. Moran said, and he applauded efforts to reduce regulations on businesses.
“I won’t say that Trump deserves all the credit for that, but it is true that the economy just really picked up,” said Mr. Moran, who described himself as a political moderate who leans Republican but voted for neither Mr. Trump nor his opponent Hillary Clinton in 2016.
Over all, 42 percent of Americans believe the national economy is better than it was a year ago, according to the Times survey, which polled 10,509 adults in the first week of January. Only 23 percent believe the economy has gotten worse. And a broader measure of consumer confidence, which combines five questions on economic and financial conditions into a single index, rose significantly in January after remaining flat for most of 2017.
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Yes I am sure you have looked... Thanks for the morning laugh, I needed it. 
