A national survey released weeks before the Nov. 5 presidential election shows most voters know little about the personal impacts of the Tax Cuts and Jobs Act, which is set to expire at the end of 2025.
The survey, conducted by Public Opinion Strategies on behalf of Stand Together, shows that 76% of voters, an overwhelming majority, say now is a bad time to increase taxes, and only 5% say it is a good time. The other 18% said it was neither a good time nor a bad time.
The Tax Foundation has estimated that if the Tax Cuts and Jobs Act expires next year, a single parent with one child making $30,000 per year will pay more than $1,000 more in taxes annually. A family of four making $75,000 is estimated to face a tax increase of more than $1,500.
Former President Donald Trump signed the TCJA, often called the Trump tax cuts, into law in 2017, and it is set to expire at the…
