Emily Ekins
Emily Ekins and Hunter Johnson
53 Percent Say Congress Should Not Let the Tax Cuts Expire; 59 Percent Favor Repealing Green Energy Subsidies to Pay for Permanent Tax Cuts; 54 Percent of Strong Liberals Say Violence Against Rich Sometimes Justified; a Third of Adults Under 30 Like Communism
The Cato Institute’s 2025 Fiscal Policy National Survey of 2,000 Americans, conducted by YouGov, found that 81 percent of Americans say they can’t afford to pay higher taxes next year if the 2017 tax cuts are allowed to expire this year.
As the country prepares for Tax Day tomorrow, the survey found that most think their taxes are too high (55 percent) and believe their tax bill exceeds their fair share (55 percent). However, a bit more than half (51 percent) felt their taxes were handled fairly.
While Democrats and Republicans disagree a lot, they tend to agree their own taxes are too high. Majorities of Republicans (59 percent), independents (56 percent), and Democrats (51 percent) all believe their personal tax bills were excessively high this year.
Most Americans Are Unaware Their Taxes Are About to Increase
A majority (55 percent) of Americans don’t know that the 2017 tax cuts are temporary and set to expire this year. Part of the reason is few people know a great deal (only 9 percent) about the Tax Cuts and Job Act (TCJA), a tax reform law Congress passed in 2017 that included the tax cuts. Only 28 percent know at least a moderate amount about it. More than a third (34 percent) say they know nothing at all about the tax law.
Majority Say Congress Should Extend the 2017 TCJA
When respondents learned that the 2017 tax reform law will expire at the end of 2025, a majority (53 percent) said that Congress should either make the tax cuts permanent (36 percent) or extend them temporarily (17 percent). » Read More
https://www.cato.org/blog/81-say-they-cant-afford-pay-higher-taxes-next-year