Tax reform public opinion update - Nomura
Analysts at Nomura Another reason why full-scale tax reform might be so difficult involves public opinion.
"A recent Politico/Morning Consult poll found a varying level of support for specific provisions in the proposed bill based on a sample of registered voters.
"Respondents reported widespread support for doubling the standard deduction and increasing the child tax credit."
"Yet, while they overwhelmingly support lowering the maximum small business tax rate (passthrough rate), more respondents oppose than support reducing the corporate rate, one of the major Republican talking points for the bill."
"The poll implies that creating significant grass-roots enthusiasm for cutting the corporate rate may be difficult in the weeks ahead."