(Bloomberg View) – President Donald Trump says it will "be easy" to reform the tax system, at least by comparison to replacing Obamacare. The White House told Axios, the political-news website, that it's well prepared to roll out a big tax-reform launch in late summer that's already gaining support from corporate executives and conservatives.
They should take a look at the latest Bloomberg poll. It suggests that a tax law is likely to be as tough to pass as the health-care bill that disintegrated this week in the Senate, and which Trump was calling a piece of cake just five months ago. The poll and other reporting indicates that taxes are no longer a galvanizing political issue, even for Republican voters.
The survey, conducted July 8-12, shows that only 4 percent of Americans see taxes as the most important issue facing the country. By contrast, 35 percent said they considered health care to be the No. 1 issue. Concerns about jobs, terrorism and climate change also ranked far ahead of taxes. A slight majority predicted that Trump would fail to achieve his promise to reform the tax code.
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