US EditionMost US Adults Think the GOP Tax Bill Will Help the Wealthy and Harm the Poor, AP-NORC Poll Finds
UNITED STATES, JUL 20 – An AP-NORC poll shows 66% of U.S. adults say the GOP tax law benefits the wealthy while 61% believe it harms low-income groups, despite Republican claims otherwise.
- On July 10-14, the AP-NORC poll found about two-thirds of U.S. adults expect the tax law will benefit the wealthy and 61% believe it will harm low-income people.
- As lawmakers champion the bill, it extends 2017 Trump-era tax cuts while cutting welfare programs.
- Even many Republicans agree the law favors the wealthy, about half say it will harm middle-class people, and GOP ads highlight new deductions on tips and overtime income.
- Since spring, Trump's approval on government spending has slipped, and about 6 in 10 adults now say the government is spending `too much`.
- The poll suggests Republicans still have persuading to do, indicating significant political implications for future elections.
113 Articles
113 Articles
Did President Trump Just Eliminate the Tax on Social Security Income? Here's the Truth About the New Tax Law. @themotleyfool #stocks
Key PointsThe buzz about the "big, beautiful bill" says it eliminates taxes on Social Security for nearly 90% of all beneficiaries.The truth is more complex than that, and it could benefit seniors who haven't even started Social Security.There are several ways for middle-class seniors to take advantage of the new tax law.The $23,760 Social Security bonus most retirees completely overlook › One of President Donald Trump's biggest promises to seni…
Column: Trump’s tax bill is built for the working class, not the donor class
President Donald Trump’s One Big, Beautiful Bill is the most unmistakable evidence yet of a transformed Republican Party. To understand who benefits from this bill is to recognize the party’s new political mandate: delivering for the working class. Just look at what’s in the tax bill — it delivers real relief for everyday Americans. Tips, overtime and car loan interest are no longer taxed, and seniors won’t pay taxes on Social Security benefits.…
Trump's 'big beautiful bill' includes these key tax changes for 2025 — what they mean for you
It’s been about two weeks since President Donald Trump’s “big beautiful bill” became law, and financial advisors and tax professionals are still digesting what the sweeping legislation means for clients
NBC Dallas-Fort Worth
NBC ConnecticutTrump's ‘big beautiful bill' includes these key tax changes for 2025 — what they mean for you
President Donald Trump’s “big beautiful bill” includes several tax changes that are effective for 2025. Provisions include permanent extensions of Trump’s 2017 tax cuts, along with boosts for the standard deduction and child tax credit. There are also new temporary deductions for older Americans, tips, overtime income and auto loan interest. It’s been about two weeks since President Donald Trump‘s “big beautiful bill” became law, and financial a…
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