GOP Tax Law

How's selling that tax law going?

Another day, another story on Republicans abandoning their singular “legislative achievement” from two years of unified government. As the House GOP prepares to vote on a second tax cut skewed toward the wealthy, the Washington Post takes a look at how they’ve already lost the messaging battle on this issue:  
 
“Republican campaigns have largely abandoned touting the GOP tax law ahead of the November midterms...”

“The decision to play down the top legislative achievement of President Trump and congressional Republicans comes as the law’s popularity has eroded and public sentiment has crystallized around the belief that it was primarily a boon for the rich.”

“…Even as [Republicans] seek to refocus attention on the law, some are all but conceding that the messaging battle is already lost.”

“Multiple independent analyses show that while the vast majority of taxpayers would see a cut, the law’s benefits for individuals skew overwhelmingly toward the wealthy.”

“In August, a Monmouth University poll found 37 percent of Americans approving and 45 percent disapproving of the law.”
“One reason many voters haven’t warmed to the tax law is because many companies have not turned around and passed along the savings in the form of higher wages.”

Instead, many firms have used their tax savings as a way to help themselves and their investors. Goldman Sachs reported this month that large U.S. companies bought back $384 billion of their own stock in the first half of this year, up 48 percent from 2017.”
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