A majority of Americans polled believes the Republican-backed tax plan will benefit corporations and wealthy Americans, according to a new CBS News poll.

Seventy-six percent of Americans polled said they believed the plan would help corporations, while 69 percent said it would benefit the wealthy.

ADVERTISEMENT

The poll also found 53 percent of those polled said they disapproved of the plan, while 35 percent said they approved of it.

Forty-one percent of Americans also said they expected their taxes to go up under the plan.

The poll comes less than a week after Senate Republicans fulfilled a major campaign promise in passing legislation to overhaul the U.S. tax code. It would reduce the corporate income tax from 35 percent to 20 percent and would lower tax rates for individuals through 2025.

Senate and House conferees are in the process of reconciling their two bills.