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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. 

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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 TrumpFacebook temporarily bans ads for weapons accessories following Capitol riots Sasse, in fiery op-ed, says QAnon is destroying GOP Section 230 worked after the insurrection, but not before: How to regulate social media 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.