Republicans rejoice: the new tax plan approved by Senate, awaiting the President’s signature

Republicans rejoice: the new tax plan approved by Senate, awaiting the President’s signature

And here came that long-awaited for Republicans day. The new tax plan the administration of the trump officially endorsed by the U.S. Congress on Wednesday morning. He successfully passed the vote in the House of representatives and then the Senate, and now awaits the President’s signature. A Senate vote passed with a score of 223 votes in favour, 201 against. Not one Democrat from the house of representatives and the Senate voted for the bill. Opposed by 12 Republicans, mostly, representatives of new York, California and new Jersey.

Republicans are rejoicing and are very optimistic. The popularity of the new tax plan over time will only increase, experts believe. On the occasion of the adoption of the bill in the White house on Wednesday afternoon will be a festive event. However, the President intends to sign the document only at the end of the week. Apparently, to do this he wants symbolic, on Christmas eve, as promised, as a «gift».

Republicans rejoice: the new tax plan approved by Senate, awaiting the President’s signature

With the adoption of the tax plan the Republicans have a 2 reasons to celebrate: firstly, it is the reduction of corporate taxes, which they insisted so much, and, secondly, it is a blow to ObamaCare, because now to buy health insurance and do not have pre-existing subsidies to the insurance companies to be paid no longer.

«In fact, we have repealed ObamaCare and we will be able to come up with something better!», the President said trump before the vote, speaking to government.

The joint Committee on taxation continues to insist that during the first decade the bill will add nearly $ 1.5 trillion to the budget deficit. But Republicans are not paying attention, arguing that tax reform will stimulate economic growth, which will bring additional income and offset costs.

Don’t support Republicans, not only experts, but most ordinary Americans. According to the poll, conducted by Quinnipiac University, 52% of the population don’t trust the new tax plan, his support is only 25%, and 23% are unable to articulate their position.

52% of Americans, according to the survey, believe that the tax reform will not lead to an increase in the number of jobs and economic growth, and only 36% believe the opposite.

The vast majority of the population (61%) believes that the new tax plan «will benefit» mainly rich, 24% believe that the improvements expect the middle class and only 6% are hoping that the improvements will appear in the first place, to poor.

Regarding the tax burden, 36% of the population believes that the new tax plan, not much will appear on the final size of tax payments, 32% believe that the tax burden will increase, and only 16% believe that taxes will be reduced.

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