Home > GOP's Tax Bill Met With Major Backlash

News
GOP's Tax Bill Met With Major Backlash

Description

According to a Quinnipiac poll, twenty-six percent of voters approve of the GOP's tax reform bill, while 55 percent disapprove. In addition, Priorities USA, a Democratic super PAC, says there are dips in Republican House incumbents' ratings after voters were shown ads online about the plan. Republican and Democratic strategists say that the GOP has little choice but to move forward with the legislation. Steve Israel, a former New York Rep. and chairman of the Democratic Congressional Campaign Committee, says, "Republicans are caught between probably losing their majority by passing no bill and possibly losing their majority by passing a bad bill."

Added on the 18/12/2017 16:45:10 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • Republican Senator Trashes GOP Health Care Bill

    On Friday, Nevada's Dean Heller became the fifth Republican senator to say he can't support the GOP's health care bill in its current form. While at a news conference in Las Vegas with the state's Gov. Brian Sandoval Friday, Heller said, "This bill that’s currently in front of the United States Senate is simply not the answer, and I’m announcing today that in this form I will not support it." While pointing to the bill's dramatic reductions in Medicaid, Heller, who is up for reelection in 2018, added, "I cannot support a piece of legislation that takes insurance away from tens of millions of Americans and hundreds of thousands of Nevadans."

    23/06/2017 - Wochit
  • House Vote On Healthcare Bill A No Go

    There will be no vote on the Healthcare Bill, despite efforts by members of congress who have been pushing another re-worked version of the bill. The vote has been stalled in part because of the very important budget vote.

    28/04/2017 - Wochit
  • Support For Tax Cut Bill Eroding Amongst GOP Voters

    A new Monmouth poll shows only 40% of Americans approve of the GOP tax law. The poll adds only 38% of Republican voters strongly support the law, down from 49% in January. This represents a slight shift from the 44% who approved the law in January 2018. For the 2018 Midterms, Republicans are expected to campaign heavily on the tax law.

    03/05/2018 - Wochit
  • Marco Rubio Speaks Out Against GOP Tax Bill

    Sen. Marco Rubio says the new GOP tax law isn't providing as Republicans promised. It was argued that the lower corporate tax rate would save companies money... that would then create higher salaries and bonuses, so it was cut to 21% from 35%. Rubio suggests that hasn't yet come to fruition. "There is still a lot of thinking on the right that if big corporations are happy, they're going to take the money they're saving and reinvest it in American workers... In fact they bought back shares, a few gave out bonuses; there's no evidence whatsoever that the money's been massively poured back into the American worker." Rubio The argument made by Rubio is nearly identical to the one made by Democrats. Corporations will reward shareholders through share buybacks and increased dividends instead of giving to workers. But the GOP tax law he refers to is similar to a 2015 proposal from Rubio himself... that proposed cutting the corporate tax rate to 25%.

    30/04/2018 - Wochit
  • GOP Tax Bill Has Saved U.S. Corporations Over $13 Billion In 2018

    Over 180 S&P 500 companies have saved $13 billion in 2018 thanks to the GOP’s tax cuts. The US financial sector saw the biggest decrease in tax bills, with $4.6 billion. According to Bloomberg, the five major U.S. banks raked in $2.5 billion in tax savings. The Republicans’ law cut the corporate rate to 21% from the previous 35% federal rate.

    30/04/2018 - Wochit
  • Faut-il renforcer la taxe Gafa ? Mounir Mahjoubi : "Pourquoi pas"

    @PascaledeLaTour : "Envisagez-vous de déposer un amendement pour renforcer l'efficacité de la taxe ?". @mounir : "Pourquoi pas mais on a voté une taxe qui va permettre de rapporter entre 400 et 600 millions, c'est déjà la moitié du chemin". #LaMatinaleLCI @LCI #La26.

    25/09/2019 - LCI