Most People Did Not Get A Tax Decrease This Year

It's tax return day -- the day when citizens are required to have their income tax paid for last year. How successful was the Trump/GOP tax cut? They had claimed it was a middle class tax cut, and that most Americans would see their income taxes cut when filing this year.

But it didn't work out that way. The super-rich got a huge tax cut, but most working and middle class Americans didn't.

The chart above is from the latest Economist / YouGov Poll -- done between April 6th and 9th of a national sample of 910 adults who have already filed their tax returns.

Note that 60% of adults (and 61% of registered voters) said they paid more or the same in taxes this year. Only 22% of adults (and 26% of registered voters) said they paid less in taxes this year. And the same is true of every age, income group, and political affiliation (even Republicans). Every group had a majority saying they paid more or the same, and a tiny minority saying they paid less.

This is not going to go over well in next years election -- especially after the point is driven home again on April 15, 2020. The Republicans made a big mistake with their tax cuts for the rich (and almost no one else) -- and Democrats should not let people forget that in the days leading to the 2020 election.