Staff Reports
With the 2024 election looming just around the corner, the showdown between former President Donald Trump and Vice President Kamala Harris is tighter than a pair of spandex pants after Thanksgiving dinner. Voters have made it clear that the economy is top of mind, with many leaning toward trusting Trump to steer the country back to fiscal sanity. Shockingly, it appears that even less-than-stellar policies from the Biden-Harris administration have managed to drive this point home—just not in the way they’d hope.
A recent Wall Street Journal poll revealed that a whopping 83 percent of registered voters are on board with Trump’s proposal to abolish taxes on Social Security benefits. When you break that down, it gets even better: 64 percent are screaming “yes, please!” when asked if they strongly favor this plan, while a mere 10 percent are playing the role of the taxman, opposing it. It’s no wonder that retirees, tired of feeling like their Social Security benefits are slipping away like ice cream on a hot day, are embracing this proposal with open arms.
Trump's Latest Tax Cut Proves to Be Popular Among Voters
https://t.co/mZukahMbKp— Townhall.com (@townhallcom) September 15, 2024
Trump’s potential tax cut could put about $3,400 back in the pockets of 16 percent of American households. The current tax system is a complex mess, where half of all Social Security recipients found themselves subject to taxes this year, an effort that started back in 1983 when the system seemed half hopeful and half clueless. Fast forward to 2023, and those numbers don’t just make the case for reform, they practically shout it from the rooftops. With benefits taxed based on income thresholds that haven’t been adjusted for inflation, this monster has grown steadily, leaving more retirees in shock when they get their tax bills.
Equally enticing is Trump’s latest proposal to eliminate taxes for non-salaried employees working over 40 hours a week. The idea here is simple: incentivize hard work, especially for those in service jobs like nurses and waiters. If these workers can pocket more without the government reaching into their wallets, they might just work those extra hours—now that’s common sense! When it comes to getting folks back into the workforce and boosting motivation, this plan seems like a winning strategy in an age where “lazy” seems to be the new work ethic.
Contrast this with the Biden-Harris administration, which has managed an inflation jump of nearly 20 percent, along with food and home prices climbing to eye-watering levels—21.8 percent and 22.7 percent, respectively. It’s almost as if the vice president missed the memo that managing the economy is part of her job. Interestingly, voters surveyed believe that Trump can revitalize the economy better than Harris can, giving him an average lead of eight points in that category—maybe they’re just tired of paying more and getting less.
The upcoming election is shaping up to be a referendum on basic economic competence. While Harris may be sleek and polished, Trump seems to grasp what voters genuinely want: a practical approach to taxes that won’t suffocate them financially. This dynamic will likely play a pivotal role in determining who the American public ultimately favors, as they tiptoe toward an economic rebound—or dig deeper into the Biden-Harris abyss.
