More than three-quarters of Americans say that now is a bad time to increase taxes, a new poll revealed.
However, according to the poll from Americans for Prosperity, most Americans have heard very little about portions of the Tax Cuts and Jobs Act expiring at the end of 2025 and what the looming expiration would mean for their families and the economy.
The poll, conducted by Public Opinion Strategies, comes as Americans for Prosperity begins its annual Capitol Conference fly-in focused on the major fiscal challenges facing the 119th Congress. Chief among them is the potential for a tax hike if the TCJA expires.
AFP’s poll finds that 90% of Americans oppose tax hikes and want to keep their current rates. Most Americans say that failing to renew the 2017 tax cuts would hurt middle-class families, small businesses, American consumers, and the economy.
In addition, 78% of Americans say that raising taxes on businesses would only raise prices overall and squeeze family budgets even more.