• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Personal FinanceTaxes

Americans rate Trump’s tax cuts a loser as most believe they’re still too high

By
Linley Sanders
Linley Sanders
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Linley Sanders
Linley Sanders
and
The Associated Press
The Associated Press
Down Arrow Button Icon
April 14, 2026, 8:12 AM ET
tax
President Donald Trump speaks about the economy during an event at the Circa Resort and Casino in Las Vegas, Jan. 25, 2025. AP Photo/John Locher, File

Most Americans still think their taxes are too high, according to recent polls, even after last year’s tax law fulfilled several of President Donald Trump’s tax-related campaign promises.

Recommended Video

In fact, a new Fox News poll indicates people are more upset about taxes than they were last year. The findings from the survey, which was conducted in late March, are another sign that Americans are on edge about their personal finances as the U.S. experiences a spike in inflation and sluggish economic growth. Other polling finds that frustration goes beyond personal tax obligations, with many believing that wealthy people and corporations are not paying their fair share, while others worry about government waste.

The surveys come after Trump and Republicans passed a massive tax and spending cut bill last year. The legislation enacted a range of tax breaks, including a boosted child tax credit and new tax deductions for tips and overtime. Tax refunds are up this season, and many households are expected to see more income from the Republicans’ tax legislation, but the Congressional Budget Office estimated it will ultimately give the largest benefits to the richest Americans.

Republicans have touted the law as evidence that they are making life more affordable for working families. But polling shows that many Americans may not be feeling the benefits, especially as their tax refunds get eaten up by higher prices.

Most say taxes are too high

About 7 in 10 registered voters say the taxes they pay are “too high,” according to the Fox News poll. That’s up from about 6 in 10 last year. The poll shows heightened concern among very liberal voters and Democratic men, but there has also been a sizable increase among groups that Republicans want to court ahead of the midterm elections, such as moderates, rural voters and white voters without a college degree.

Discontent about taxes has been rising for the past few years. Recent polling from Gallup, conducted in March, found about 6 in 10 U.S. adults say the amount of federal income tax they have to pay is “too high,” a finding that’s been largely consistent in the annual poll since 2023. That’s approaching the level of unhappiness found in Gallup’s polling from the 1980s through the 1990s, before President George W. Bush’s 2001 and 2003 tax cuts.

Now, about half of Democrats and about 6 in 10 Republicans say their federal income taxes are too high. Republicans tend to view their tax bill more negatively than Democrats, but Gallup’s polling shows that this gap often shrinks when a Republican is president.

Many believe the rich aren’t paying enough in taxes

Most Americans are troubled by the belief that some wealthy people and corporations don’t pay their fair share of taxes, according to a Pew Research Center poll conducted in January. About 6 in 10 Americans said each of those notions bothers them “a lot,” a measure that is largely unchanged in recent years.

By contrast, only about 4 in 10 U.S. adults in that poll said the amount they personally pay in taxes bothers them a lot.

About 8 in 10 Democrats are bothered “a lot” by the feeling that some corporations and rich people aren’t paying their fair share, the Pew survey found, compared to about 4 in 10 Republicans. Government spending is a bigger issue for Republicans, according to the Fox News poll, which found that 75% of registered voters — and a similar share of Republican voters — say “almost all” or “a great deal” of government funding is wasteful and inefficient.

That points to a perception problem for many Americans. Even if their own tax bill is manageable, the idea that the wealthy are underpaying — or that the government is wasting their dollars — bothers many. About half of Americans, 49%, in the Gallup poll say the income tax they will pay this year is “not fair,” which is in line with the record high from 2023.

Broad unhappiness with Trump’s tax approach

Americans’ tax frustration was rising before Trump re-entered the White House, but it’s still a problem for the president’s party — especially if Americans are not feeling the relief that he promised.

The Fox News poll found that about 6 in 10 registered voters, 64%, say they disapprove of how Trump is handling taxes, up from 53% last April. Disapproval has risen most sharply among independents, but also among Democrats and Republicans.

This aligns with a broader feeling that Trump isn’t doing enough to address inflation. Most Americans said Trump had hurt the cost of living “a lot” or “a little” in his second term, according to an AP-NORC poll conducted in January. Roughly 9 in 10 Democrats and about 6 in 10 independents said Trump has had a negative impact on the cost of living.

Less than half of Republicans, 43%, said Trump had helped the cost of living, while 33% said he hadn’t made a difference and only 23% said he’d helped.

___

The Fox News poll was conducted among 1,001 registered voters from March 20-23. The Gallup poll was conducted among 1,000 U.S. adults from March 2-18. The Pew Research Center poll was conducted among 8,512 U.S. adults from Jan. 20-26. The AP-NORC Poll was conducted among 1,203 U.S. adults from Jan 8-11.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Linley Sanders
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Personal Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Personal Finance

Current price of gold as of May 4, 2026
Personal Financegold prices
Current price of gold as of May 4, 2026
By Danny BakstMay 4, 2026
47 minutes ago
Current price of silver as of Monday, May 4, 2026
Personal Financesilver
Current price of silver as of Monday, May 4, 2026
By Joseph HostetlerMay 4, 2026
52 minutes ago
Top CD rates from major banks May 4, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceCertificates of Deposit (CDs)
Top CD rates from major banks on May 4, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerMay 4, 2026
1 hour ago
Current price of Ethereum for May 4, 2026
Personal FinanceEthereum
Current price of Ethereum for May 4, 2026
By Joseph HostetlerMay 4, 2026
1 hour ago
Current price of Bitcoin for May 4, 2026
Personal FinanceCryptocurrency
Current price of Bitcoin for May 4, 2026
By Joseph HostetlerMay 4, 2026
1 hour ago
Current price of oil as of May 4, 2026
Personal FinanceOil
Current price of oil as of May 4, 2026
By Joseph HostetlerMay 4, 2026
2 hours ago

Most Popular

America got rich and got sad. A top economist says 2020 broke something that hasn't healed
Economy
America got rich and got sad. A top economist says 2020 broke something that hasn't healed
By Nick LichtenbergMay 3, 2026
1 day ago
Diary of a CEO founder says he hired someone with 'zero' work experience because she 'thanked the security guard by name' before the interview
Success
Diary of a CEO founder says he hired someone with 'zero' work experience because she 'thanked the security guard by name' before the interview
By Emma BurleighMay 3, 2026
1 day ago
As economic despair mounts, Russian official admits the country has had enough of Putin's war on Ukraine. 'We can’t even take one region'
Economy
As economic despair mounts, Russian official admits the country has had enough of Putin's war on Ukraine. 'We can’t even take one region'
By Jason MaMay 3, 2026
18 hours ago
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
Personal Finance
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
By Fatima Hussein and The Associated PressMay 1, 2026
3 days ago
I spent a decade selling homes to the ultra-wealthy. What I saw explains the housing market's nepo problem
Commentary
I spent a decade selling homes to the ultra-wealthy. What I saw explains the housing market's nepo problem
By Blake O'ShaughnessyMay 3, 2026
1 day ago
Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology
AI
Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology
By Sasha RogelbergMay 3, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.