Poll: Most Americans believe GOP tax plan will help corporations, wealthy, investors

Poll: Most Americans believe GOP tax plan will help corporations, wealthy, investors
© Greg Nash

A majority of Americans polled believes the Republican-backed tax plan will benefit corporations and wealthy Americans, according to a new CBS News poll.

Seventy-six percent of Americans polled said they believed the plan would help corporations, while 69 percent said it would benefit the wealthy. 

ADVERTISEMENT
The poll also found 53 percent of those polled said they disapproved of the plan, while 35 percent said they approved of it. 

Forty-one percent of Americans also said they expected their taxes to go up under the plan. 

The poll comes less than a week after Senate Republicans fulfilled a major campaign promise in passing legislation to overhaul the U.S. tax code. It would reduce the corporate income tax from 35 percent to 20 percent and would lower tax rates for individuals through 2025.

Senate and House conferees are in the process of reconciling their two bills.

President TrumpDonald John TrumpTom Arnold claims to have unreleased 'tapes' of Trump Cohen distances himself from Tom Arnold, says they did not discuss Trump US military indefinitely suspends two training exercises with South Korea MORE has said he wants to sign a final bill before Christmas.

The CBS News poll was conducted on Dec. 3-5, among 1,120 U.S. adults. Its margin of error is 4 percentage points.