Taxes

GOP realizes tax cuts won't help them win the 2018 midterms

House Majority Leader Kevin McCarthy (left) and House Speaker Paul Ryan (right). Photo: Astrid Riecken/Getty Images

More than 60% of voters believe the GOP tax law benefits “large corporations and rich Americans” over “middle class families,” according to a new survey commissioned by the Republican National Committee that was obtained by Bloomberg News.

Why it matters: Republicans just got confirmation — from their own poll — that what they've thought was going to be their winning issue in 2018 might not help them after all. It also confirms that Democrats' strategy of tying health care and taxes together is working.

Tax cuts may hurt Republicans in the midterms

Dan looks closer at the electoral ramifications of last year's tax cuts with Axios' Mike Allen:

"When Republicans passed their massive tax cut plan late last year, they thought it was a surefire political winner. The sort of thing that would ensure they kept the Senate and probably the House too... But we’re now less than 7 weeks out from the midterms, and Republicans are feeling whiplash."