Tax reform is not a high priority for the average American, according to Gallup research. Despite that, the two leading GOP presidential candidates both offer detailed proposals to change the tax system, most likely because they believe taxes represent the most obvious way in which the federal government factors into citizens’ lives. (Democratic Party candidates will be covered in an upcoming post.)
Gallup tested the candidates’ tax proposals and discovered they generated more agreement than disagreement. However, only two — closing loopholes/eliminating deductions available to the rich and eliminating the estate tax — have majority support.
Americans do not appear to be highly enthusiastic about broad plans to cut everyone’s taxes or move to a flat tax system, but they aren’t entirely unenthusiastic either. Many Americans say they don’t know enough about these proposals to have an opinion, so it is likely support could change, in either direction, as Americans become familiar with them in the remaining months of the election season.
| Proposal | Proposed by | Agree | Disagree | No Opinion | Net Agree |
|---|---|---|---|---|---|
| Eliminate most federal income tax deductions and loopholes available to the very rich | Trump | 63% | 17% | 19% | 46% |
| Eliminate the estate tax that is paid when a person dies | Trump / Cruz | 54% | 19% | 26% | 35% |
| Simplify the federal tax code into four tax brackets instead of the current seven | Trump | 47% | 12% | 41% | 35% |
| Replace the current federal income tax system with a 10% flat tax | Cruz | 45% | 28% | 26% | 17% |
| Lower the federal corporate tax rate to 15% | Trump | 43% | 30% | 27% | 13% |
| Cut federal income taxes for all income levels | Trump | 47% | 34% | 19% | 13% |
Read more at Gallup.com: Americans React to Presidential Candidates Tax Proposals
Photo: Think Stock
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