Confidence is holding steady for the third straight month to start 2018, with our index value remaining at the 60-point high mark it hit in January. Approval for the tax law stabilized after rising each of the past three months. While still sky-high, approval among Republicans ticked downward from 89 percent in February to 86 percent this month, becoming a slight drag on the overall rating. Approval among independents (no change at 43 percent) and Democrats (19 percent to 18 percent) stayed more stable.
The overall two-percentage point shave in approval for the tax bill did not move to the other side; disapproval remained at 46 percent. More people this month expressed uncertainty.
Methodology: The most recent SurveyMonkey online poll was conducted March 5-11, 2018 among a national sample of 10,089 adults. Respondents for this survey were selected from the nearly 3 million people who take surveys on the SurveyMonkey platform each day. The modeled error estimate for this survey is plus or minus 1.5 percentage points. Data have been weighted for age, race, sex, education, and geography using the Census Bureau’s American Community Survey to reflect the demographic composition of the United States age 18 and over.
Consumer confidence is holding steady in the second month of 2018, with our index value remaining at the 60-point high mark it hit in January. Support for the tax law has increased another 5%: now a slender majority, 51%, approves of Republican-led tax reform; 46% disapprove. For the first time, nearly as many strongly approve of the law as are stridently against it (23 vs. 25%).
Though few Democrats approve of the tax law, their support has increased notably since January (13% to 19%); support is also up among Republicans (86% to 89%) and it’s virtually unchanged among independents (42% to 43%).