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  • 2 days ago
A recent Wall Street Journal poll shows widespread skepticism among Americans toward Trump’s tax-and-spending law. The poll ran from July 16th to July 20th and found that Trump’s tax-and-spending law has 42% support with 52% opposition. Disapproval is strongest among Democrats, with 94% opposed. Seventy percent of respondents believe the law favors the wealthy, and just 7% think it harms them. The Congressional Budget Office estimates the law will raise deficits by $3.4 trillion through 2034. Republicans defend the law, citing benefits like tax cuts, energy production, and border security, and are promoting Trump’s “no tax on tips” policy. Democrats plan to make the law a key midterm issue, arguing it harms lower-income Americans and widens inequality.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A recent Wall Street Journal poll shows widespread skepticism among Americans toward Trump's tax and spending law.
00:08The poll ran from July 16th to July 20th.
00:10It found that Trump's tax and spending law is 42% support with 52% opposition.
00:15His approval is strongest among Democrats, with 94% opposed.
00:1970% of respondents believe the law favors the wealthy, and just 7% think it harms them.
00:24The Congressional Budget Office estimates the law will raise deficits by $3.4 trillion through 2034.
00:31Publicans defend the law, citing benefits like tax cuts, energy production, and border security.
00:35They're promoting Trump's no-tax-on-tips policy.
00:38Democrats plan to make the law a key midterm issue, arguing it harms lower-income Americans and widens inequality.
00:44For all things money, visit Benzinga.com.

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