Overwhelming Majority Of Millennials Want Tax Reform, GenFKD Survey Shows
NEW YORK, Nov. 20, 2017 /PRNewswire-USNewswire/ -- The overwhelming majority of young adults want tax reform, according to the Millennial Tax Survey conducted last week by the financial literacy group GenFKD. Millennials, or young adults ages 18-34, were asked about their views on tax policy and the economy as policymakers in Washington weigh a new tax code in the House and Senate.
"Millennial voices are often absent from the political process in our nation's capital," said Justin Dent, the Executive Director of GenFKD. "But politicians and party leaders alike would be surprised by millennial views on taxes and tax reform. Our survey revealed that 82 percent believe the nation needs tax reform."
The GenFKD Millennial Tax Survey of 502 young adults found that three-quarters of young Americans surveyed believe that the current tax code is unfair to them and to small business. The online survey was conducted via Survey Monkey.
A large majority of respondents also agreed that small-business-friendly tax policy is the key to sustained job growth, as 80 percent of respondents believe reduced taxes on small business would lead to job growth.
The GenFKD Millennial Tax Survey also found that young Americans are extremely entrepreneurial, as two-thirds of those surveyed have thought of starting a business.
"Millennials recognize that small business continues to be the lifeblood of the economy, especially when it comes to jobs," Dent said. "That's why we want to see a tax code that promotes startups and small enterprise because many of us aspire to start our own businesses."
The GenFKD Millennial Tax Survey gathered online responses Nov. 9-13 from more than 500 adults aged 18-34 across the United States. The survey has a margin of error of +/- 4.4 percent.
GenFKD, or Generation Financial Knowledge Development, is a not-for-profit, non-partisan peer-to-peer organization that utilizes editorial content, social media and grassroots organizing to engage millennials in entrepreneurship, financial public policy and basic pocketbook finance. The organization also is piloting business curricula it has developed at multiple college campuses.
The organization seeks to utilize its expansive social following and network of 28 college chapters to present critical information relating to jobs and the economy in a way that is informative, approachable and useful. For more information, visit http://genfkd.org
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