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A new poll from Monmouth University finds President Trump's approval rating at 42 percent and Republicans moving to within two points of Democrats on a generic ballot.

The poll found 50 percent disapprove of Trump's job performance. The same poll found Trump's approval rating at a record low of 32 percent in December.

Meantime, on the generic ballot question Democrats lead Republicans by a margin of 47 to 45 percent support.

The results mark a "dramatic shift," the pollsters said, since Democrats held a 15-point lead on the same question a month ago.

The survey also found a large uptick in support for Trump's tax reform legislation. Respondents were evenly split on whether they support the tax cuts, but last month just 26 percent supported the plan compared to 47 percent who were against it.

Chris Stirewalt said the poll results are in line with the results of a new Fox News poll which pegged Trump's approval at 45 percent.

He said if the generic ballot numbers prove accurate through November, Republicans would "handily hold the House"

The poll was conducted by telephone January 28-30 with 806 adults in the United States and the results have a margin of error of 3.5 percent.

Watch the discussion above.

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