As the Big Six unveils their tax plan, public opinion polls and comments from Democrats reveal why it’s critical that Congress take action on this legislation quickly.
ANDREW ROSS-SORKIN: Congressman, is there anyone in your party that you think would be willing to go along with the GOP on this?
CONGRESSMAN JOHN YARMUTH (D-KY): Oh I think there are a lot of Democrats who would probably be willing to lower the corporate rate.As a matter of fact, Barack Obama was willing to lower it to 28 percent, he actually advocated that. So I think there’d be some support, but again, they’re all very complicated.
CONGRESSMAN JOHN YARMUTH (D-KY): You can make a fairly valid argument that the corporate rate is not competitive with international rates. I think the OECD average is somewhere around 27, 26 percent, which would warrant some kind of a tax cut for corporations.
CNN Poll: Most Want Major Changes To The Tax SystemBy Jennifer AgiestaSeptember 27, 2017As Congress turns its attention away from health care and back toward tax reform and other issues, a new CNN poll conducted by SSRS finds most in favor of major changes to the nation’s tax laws, but wary of President Donald Trump’s handling of immigration.…
Many Americans agree with Trump’s contention that the tax laws deserve a major revamp. All told, 68% say the federal income tax system needs either a complete overhaul (35%) or major changes (33%). That cuts across party lines, including 77% of Republicans, 70% of independents and 62% of Democrats.…The CNN poll was conducted by SSRS by telephone September 17 to 20 among a random national sample of 1,053 adults. The margin of sampling error for results among the full sample is plus or minus 3.7 percentage points; it is larger for subgroups.