Less than one third of Americans back Trump's tax plan: poll

Source: Xinhua| 2017-10-25 10:43:20|Editor: Zhou Xin
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WASHINGTON, Oct. 24 (Xinhua) -- Less than one third of Americans support U.S. President Donald Trump's tax cut plan, a poll released by market and public opinion research groups showed on Tuesday.

According to a Reuters/Ipsos poll, of the adults who said they had heard of the tax reform, 28 percent said they support it, while 41 percent oppose it and another 31 percent said they do not know.

The U.S. Senate approved a budget resolution last week that would add up to 1.5 trillion U.S. dollars in fiscal deficit during the next decade, paving the way for Trump's tax cut plan.

The Trump administration, together with congressional Republicans, last month released a unified framework for tax reform, which will cut tax rates for businesses and individuals but lacks details about how to consolidate the fiscal position in face of big tax cuts.

The U.S. national debt is ballooning at over 20 trillion dollars, which is more than the nation's annual gross domestic product.

Independent analysts believe Trump's tax cut plan would leave the debt even larger, while some Republicans say the tax cut could be offset by stronger economic growth that would generate more tax revenue.

More than two-thirds of registered voters said reducing the U.S. federal budget deficit is more important than cutting taxes for the wealthy or for corporations, the poll showed.

U.S. House Speaker Paul Ryan said on Tuesday that House Republicans will unveil the long-awaited tax reform legislation next week and pass the bill by the Thanksgiving week.

Trump and Senate Majority Leader Mitch McConnell have said recently that they hoped to pass the tax bill by the end of the year.

The poll found that only 15 percent of registered voters said Republicans in Congress should prioritize tax reform over other issues. About a quarter of those polled agreed that Congress should continue working on a healthcare bill.

The Reuters/Ipsos poll was conducted online in all 50 U.S. states.