Weekly Pulse: 72 Percent of Americans Think Cutting Taxes, Spending and Regs are Best for the Economy

Nearly three-quarters of Americans think cutting taxes, spending and regulations is the best general approach for boosting the economy, while only 27 percent think the best way is to start new programs, increase spending, or impose more regulations on businesses, according to the Job Creators Network/ScottRasmussen.com Weekly Pulse, released today.

“The data suggests that Republicans have a pretty substantial advantage when it comes economic policy. At the moment, that isn’t reflected in the political polls,” said pollster Scott Rasmussen. “That suggests that many Americans are not focused on the economy, or that many simply don’t associate those policies with the Republican majority.”

Other data bolsters that point. On a true/false question asking whether Congress cut taxes for most Americans, only 64 percent say yes. More than a third of Americans say that’s false. Sixty-percent (60) of Americans underestimate how much the average family of four saves under the Tax Cuts and Jobs Act (based on figures provided by the House Ways and Means Committee). According to Ways and Means, the typical family of four saves almost $1,200 per year, or close to $12,000 over a decade. Forty-two percent (42) of Americans estimate the savings below $500, the Weekly Pulse found.

“There could be a lot of factors involved here,” said Job Creators Network Foundation President Elaine Parker. “Many, if not most, Americans have direct deposit, so they are not seeing their paychecks every week, or every two weeks. Half of all workers are hourly paid, and their schedules vary from week to week. The law has been in place for less than a year, and that could be another factor. Whatever the case, Republicans have their work cut out for them.”

According to the survey, 50 percent of Americans rate the economy as excellent or good. That’s a slight drop from last week. Only 12 percent say the economy is poor. Thirty-eight percent of Americans see the economy getting better, while 24 percent say it’s getting worse.

“There’s not much fluctuation from last week in how Americans view the economy. They have a generally positive feeling that things are good right now,” said Rasmussen.

See the question wording and crosstab results.

This national survey of 1,000 Adults was conducted September 17-18, 2018 for ScottRasmussen.com by HarrisX, a leading research company specializing in online surveys (see Methodology) The Margin of Error is +/- 3.1 percentage points with a 95% level of confidence.

For more information about the Job Creators Network Foundation, please visit www.jcnf.org.

Posted in Deeper Currents

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