POLLING: Americans Fear Trump’s Economic Agenda Would “Hurt People Like Me” Arrow

In response to new polling on Donald Trump's tax plan, DNC Rapid Response Spokesperson Aida Ross released the following statement:

"As Donald Trump pledges to enact a disastrous and expensive tax plan, new polling shows that Americans fear Trump's agenda will hurt working families by raising costs and putting Social Security and Medicare at risk. The American people deserve a leader who helps families put food on the table and pay their bills - not Trump's plan to enrich his special interest billionaire backers on the backs of hardworking Americans."

NEW: Polling shows Americans fear Trump's tax plan will hurt them, fail working families, and put Social Security and Medicare at risk.

Navigator: "After reading Democratic messaging about Trump's tax plan, nearly three in five (57%) say it 'would hurt people like me.' By comparison, after reading Republican messaging about the plan, only a plurality (45%) say it 'would help people like me' …

"Biggest Concerns on Trump's Tax Plan: Not Helping the Middle class, Danger to Programs Like Social Security and Medicare …

"The top concern was that it 'wouldn't help middle- and working- class people struggling to deal with rising costs' (35% top two concern)."

Americans also trust Democrats to ensure the ultra-wealthy and big corporations pay their fair share.

Navigator: "Americans trust Democrats more on 'making sure the rich and big corporations pay their fair share in taxes' (net +11 trust Democrats more)."

Economists are warning that Trump's unpopular and unaffordable economic agenda will create a "surge in inflation" and a "slump in growth."

Axios: "President-elect Trump says interest rates are far too high, but his own economic agenda might play a key role in keeping them elevated for longer. …

"It's clear some of [Fed Chair Powell's] colleagues on the Fed's policy-setting committee see huge tariffs and restrictive immigration policy as inflationary. …

"Fed officials plan to tread carefully in considering when (or whether) to continue its rate-cutting cycle, minutes from its Dec. 17-18 closed-door policy meeting show. … 'The effects of potential changes in trade and immigration policy, suggested that the [rate-cutting] process could take longer than previously anticipated,' according to the minutes. …

"The Fed's modeling showed that tariffs created a surge in inflation and a slump in growth."

Axios: "16 Nobel economists see a Trump inflation bomb"

Trump is plotting to give tax handouts to the ultra-rich and big corporations again…

Trump: "We're cutting [big corporations'] taxes. We're going to cut them very substantially. We got them down to 21% from probably 42 or 44% depending on where you are, we got them down to 21, everyone said that was a miracle. Now we're getting them down to 15, but only if you make your product here, otherwise you pay 21, which is not bad."

Vanity Fair: "Donald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term"

Washington Post: "The former president's closest economic advisers are plotting an aggressive new set of tax cuts to push on the campaign trail and from the Oval Office if he wins a second term. Trump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law … Trump's advisers, though, have discussed proposals to make deeper cuts to the overall corporate tax rate, potentially to as low as 15 percent, or to use the revenue from the proposed tariffs to pay a dividend to U.S. households. Further cutting corporate taxes … would primarily benefit large firms."

… after his disastrous tax scam from his first term created new incentives for companies to ship jobs overseas, earned him the worst jobs record in modern American history, and hurt working families.

Forbes: "Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018"

Washington Post: "For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year"

CBS News: "Two years after Trump tax cuts, middle-class Americans are falling behind"

Washington Post: "Trump promised 'America First' would keep jobs here. But the tax plan might push them overseas."

Fortune: "Trump to leave office with the worst jobs record since Herbert Hoover"

Bloomberg: "Trump's Jobs Record Fell Short of Promises Even Before the Virus"

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