Is your life better because of the Republicans’ tax plan? With corporations, clearly the answer is yes. After all, American companies have spent a stunning $1 trillion on stock buybacks and dividends since the law passed.
However, American workers haven’t seen much on their end. In numerous surveys, the cash Trump and the GOP said would be in people’s paychecks simply hasn’t arrived. It’s gotten so bad Marco Rubio (R-Florida) said there’s “no evidence” the plan helped workers. (Of course, Rubio voted for the law.)
A spring 2018 survey by PawnGuru, a startup that supplies financial resources for unbanked and underbanked Americans, brings more bad news from the working class. In three surveys with nearly 2,900 respondents, PawnGuru’s low-income customers reported little-to-no benefit from the plan.
Here are the key findings from states Trump won, which made up the majority (61.4%) of survey replies. Blue state results follow.
1. The promised bonuses and raises never came.
- Over 80% saw no bump in pay whatsoever.
That tax plan money hasn’t trickled down to the low-income Americans in these surveys. Over 80% said they’ve seen no more pay than they did in 2017. Among those that did, they might have gotten scheduled raises or bonuses.
Nearly 90% of the people who responded to this survey earned less than $60,000. (Over half earned less than $40,000.) If they’d gotten more money, they’d notice.
Next: The numbers on paid vacations were even worse.
2. Paid vacation/sick days didn’t arrive, either.
- 94% have the same paid-time-off policy as before.
Paid time off is a terrific benefit for low-income workers, who take a financial hit when missing a shift for an illness or family emergency. That’s why 10 states have mandatory paid sick leave as of 2018.
Unfortunately for red-state workers, the GOP tax plan didn’t bring any good news on that front, either. Of 757 replies to this question, PawnGuru found only 48 (6%) had a different paid-time-off policy in 2018.
Next: Those that reported more money in their paychecks got crumbs.
3. Most saw $0-25 per check from the tax law.
- That’s also known as ‘peanuts’ or ‘crumbs.’
Steven Mnuchin, the Wall Street investor who became Trump’s Secretary of the Treasury, said workers should see the difference in their paychecks as of February 2018. As with other polling, respondents to this survey hadn’t seen much.
Of the mere 520 people who saw better pay, 353 (68%) saw $0-25 per check or had nothing to report. This result is consistent with other polling about the tax law.
Next: People don’t consider the law equitable.
4. Just 22% said the tax law is fair.
- Low-income people don’t consider the tax law equitable by any means.
When people saw the billions America’s richest men stood to gain from the tax law, many were shocked by the legislation. Things got even worse when Senator Bob Corker (R-Tennessee) changed his tax-plan vote to yes following a last-minute addition that furnished him with millions.
So it’s no surprise that an overwhelming number of survey respondents (78%) saw the law as unfair or unworthy of comment.
Next: While the tax law is unpopular across America, it’s really unpopular with the working class.
5. About 13% said they’re happy with the law.
- The GOP’s signature legislation is remarkably unpopular among the working class in red states.
For this question, PawnGuru researchers asked people in red states how their friends felt about tax reform. Not many (13%) said they’re happy about the GOP’s only major legislation passed in the Trump administration.
Even compared to the low Gallup approval ratings for the tax law in December 2017 (29%), these numbers are horrendous.
Next: The GOP may have lost people on the concept of tax cuts.
6. Only 25% agree with the GOP tax position.
- Few seem to agree with a plan that benefits the wealthy Americans.
In American politics, Republicans have traditionally been the party out to lower taxes. The problem with the 2017 law is most people earning below $70,000 see little benefit.
Therefore, it’s becoming known strictly as a tax cut for people who don’t need it. That shows in the survey question about agreeing with the GOP position on tax cuts. In red states, only 25% of the working class were on board with the GOP philosophy.
Next: People aren’t voting Republican because of this law.
7. Less than 20% will vote Republican because of the law.
- If this is the only achievement before the midterms, it’s a losing strategy.
The prevailing logic is Trump and the GOP took full control of the government on a surge of white working-class voters in red/swing states. According to respondents in this survey, the results have been underwhelming.
Fewer than 20% said they’d be more likely to vote Republican because of the law. (Nearly 60% said they weren’t more likely to do so.) Given these findings, it should be interesting seeing what the GOP runs on for November 2018.
Next: In blue states, the results were very similar — only a little worse.
8. Surveys of blue states yielded very similar results.
- The GOP didn’t win over anyone in blue states.
While fewer than 40% of PawnGuru’s survey respondents reside in states Hillary Clinton won in 2016, the results were remarkably similar. These highlights tell most of the story:
- Most saw between $0-25 per check extra.
- 91% had no change in paid sick/vacation time.
- 12% thought it was fair.
- 7% said they were happy with the law.
All in all, the bill was a total flop in this survey. Whether it sinks the GOP in November remains to be seen.
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