In Defying the Odds, we discuss the tax issue in the 2016 campaign. The update -- just published --includes a chapter on the 2018 midterms. and explains why the Trump tax cut backfired on Republicans.
Few Americans feel they have personally benefited a great deal from the nation’s growing economy, with the wealthy seen as getting a lot more help from President Donald Trump’s policies than either the middle class or the poor. The Monmouth University Poll also finds health care costs continue to top a wide variety of concerns that American families are facing.
Only 12% of Americans say that their family has benefited a great deal from recent growth in the U.S. economy and another 31% say they have received some benefit from the economic upturn. A majority, though, say they have been helped either not much (27%) or not at all (27%) from the nation’s macroeconomic growth. These results are nearly identical to Monmouth polls taken in 2018 as well as just before Trump took office in January 2017. Only 34% of those earning less than $50,000 a year and 42% of those earning between $50,000 and $100,000 say they have benefited at least somewhat from the growing economy. This contrasts with those earning more the $100,000, where a majority (58%) say they have benefited.
Currently, just 18% of Americans say that middle-class families in general have benefited a lot from Trump’s policies so far, 37% say that middle-class families have benefited a little and 36% say they have not benefited at all. These results are similar to a year ago, when 14% said the middle class benefited a lot, 45% a little, and 36% not at all. Public expectations were somewhat more positive shortly before Trump took office in January 2017, when 26% predicted that the middle class would see a lot of benefit from the new president’s policies, 40% said the middle class would see a little, and 29% said the middle class would not see any change in their situation