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  • Writer's pictureAIM Team

Trump tax cuts gaining support

The tax overhaul that President Trump signed into law now has more supporters than opponents.

Overall, 51% of Americans approve of the tax bill, while 46% disapprove, according to a poll for the New York Times conducted by SurveyMonkey. Approval has risen from 46% in January and 37% in December, when the law passed.

“Public opinion is moving in the direction of this bill,” said Jon Cohen, chief research officer for SurveyMonkey. “Considering where it was, it is dramatically different.”

Gina Coats, a project manager for a plumbing company in Springfield, Mo., said she didn’t follow the tax debate closely last fall. But in January, when she began preparing the company’s payroll systems for the new law, she realized almost every employee would take home an extra $20 to $40 a week.

“Everyone seems to be a little more upbeat,” Ms. Coats said. “It’s causing people to let go of their money a little more easily.”

Ms. Coats puts herself in this category. She recently called a contactor to move forward with a long-delayed plan to replace the roof of her house. That decision reflected her tax savings, she said, but also the strength of the local economy, which has meant lots of projects for her company, and stability for its employees.

“If we have more work in the bag, then I feel more comfortable,” Ms. Coats said.



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