60 percent say tax plan will benefit wealthy

[struggle4progress]

By ALLISON DE JONG
Nov 3, 2017, 7:00 AM ET

Americans oppose Donald Trump’s emerging tax plan by broad a 17-point margin, with 60 percent saying it favors the wealthy -– including six in 10 of the wealthy themselves.

As details –- albeit still scarce -– have emerged, support and opposition have grown essentially in tandem. Fifty percent in this ABC News/Washington Post poll oppose the plan, up 6 percentage points from September; 33 percent support it, up 5 points. The rest, 17 percent, are undecided ...

http://abcnews.go.com/Politics/60-percent-americans-trump-tax-plan-benefit-wealthy/story?id=50891221

[LonePirate]

1. It is very easy to craft a tax cut plan that favors working people and is deficit neutral.

Unfortunately, the political will to do so is not present with Republicans.

To accomplish this, either lower the current 15% rate to 12% or 10% or even 5%. You could also increase the standard deduction, personal exemption or dependents’ exemptions. These changes would impact all filers who pay taxes. Increasing the EITC could benefit those who make too little to pay much, if anything in taxes. To make these changes deficit neutral, increasing the top rate, limiting deductions to some huge 7 or 8 figure amount, closing loopholes (carried interest loophole must be closed) and tinkering with the AMT could accomplish this.

Personally, I would much prefer to leave the tax code alone than to implement this horrifically bad Republican bill. Today’s jobs report shows these cuts for millionaires and corporations are not needed. Hopefully enough Republicans side with Democrats to block this bill.

[lagomorph777]

2. RePutins are hell-bent on getting most Americans to hate them.

Amazing. I don't care how rich their donors are, they can't buy votes from people who want them to burn in hell.

[Stuart G]

3. It will benefit the wealthy. That is what the Republicans believe in. Perhaps the only thing

that Republicans believe in.. "Help the rich, screw the rest"