A majority of Americans view President Trump’s newly signed tax-and-spending law—dubbed the “one big, beautiful bill”—as favoring the wealthy and large corporations at the expense of low-income groups, according to a new Wall Street Journal poll.
Despite Republican efforts to showcase the law as a win for middle-class Americans, 52% of voters oppose the legislation, while just 42% support it. The poll reflects a growing perception that the law will worsen the federal deficit and reduce funding for key social programs.
Nearly 70% of respondents believe the law will benefit the wealthy, while only 7% think they will be harmed. At least half of those polled said it would hurt the poor, the working class, and recipients of Medicaid and nutrition assistance. Cuts to programs like food stamps and Medicaid have proven deeply unpopular, even among some conservatives.
The legislation, signed on July 4, is Trump’s most significant legislative win of his second term. It extends previous tax cuts, reduces projected spending on social safety nets, and provides new incentives for businesses and some working Americans. Notably, its “no tax on tips” provision has received broad approval, including support from a majority of Democrats. Still, the positive reception of that measure is outweighed by concern over the broader impact.
The law is projected to increase the federal deficit by \$3.4 trillion over the next decade, according to the Congressional Budget Office. Although many households may see short-term financial benefits, long-term worries persist.
Republicans say the public will embrace the law once its benefits become clearer. But with midterm elections approaching, the poll suggests Democrats could gain ground by highlighting the bill’s impact on vulnerable populations.
Public opinion remains divided on how the law affects everyday Americans. While some feel it will help them, 39% believe their households will be harmed, and 20% say it won’t make a difference at all.
Source: WSJ, Axios