As you know, President Donald trump is promoting a new tax plan, which, according to critics, will lead to the growth of the Federal budget deficit, reducing corporate rates and abolishing some taxes paid by the rich. A survey recently conducted by Reuters / Ipsos shows that three quarters of Americans support that position. They believe that the rich should pay more.
Today, the President trump plans to visit harrisburg (PA), where he will speak to workers and truckers. The purpose of the visit is to explain to the middle class benefits from the proposed President’s tax plan.
Trump said that his tax plan will be «a miracle for the middle class» and will stimulate economic growth, creating the best tax climate for business. According to Reuters, the President intends to inform the workers that the tax reform will increase real income by one average American household $ 4,000.
Assistant to the President for economic Affairs Kevin Hassett said that if US companies back into the country profit generated abroad, the average household would see an increase in real income per family, on average, $ 4,000 over the next eight years.
«I have not seen any evidence that would even remotely justify such a result,» said a member of Congress, Democrat Richard Neal.
The Republicans are determined. On Thursday they meet in Committee of ways and means in order to identify the key components of the upcoming tax reform.
Independent analysts said that the trump project will provide uneven tax relief, will add the Federal budget deficit, and in some cases will benefit very rich people.
For example, it is estimated that taxpayers with an income of 730 000 $ annually after taxes under the proposed plan, trump will receive 8.5% of income more than now.
Poll Reuters / Ipsos, held from 29 September to 5 October showed that 53% of American adults «strongly agree» that the rich countries should pay higher tax rates. Another 23% «generally agree» with this statement.
The survey was conducted among 1504 independent of respondents.
