Few Americans see savings from Trump's tax reform: Reuters/Ipsos poll
https://www.reuters.com/article/us-usa-tax-survey/few-americans-see-savings-from-trumps-tax-reform-reuters-ipsos-poll-idUSKCN1QW1BY
NEW YORK (Reuters) - Only one in five U.S. taxpayers expects to pay less income tax this year as a result of the tax reform law passed in 2017 by Republicans who promised big savings for everyday Americans, according to a Reuters/Ipsos opinion poll released on Friday.
The poll suggested that the tax overhaul, mostly geared to helping businesses, may not be as strong a 2020 campaign talking point as Republicans and President Donald Trump had hoped. The U.S. Treasury Department insisted that most Americans were paying lower taxes under the new law.
Just prior to approval of the tax reform by the Republican-controlled Congress, Trump said, This is going to be one of the great gifts to the middle-income people of this country that theyve ever gotten for Christmas.
The tax overhaul temporarily lowered federal income tax rates for individuals and raised the standard deduction that people can use to reduce their taxable income.
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