The survey found that 44% thought the tax increase would help the economy, 22% thought it would be harmful, and 24% didn’t think it would make a difference. An identical percentage, 44%, said a tax hike on better-off Americans would make the tax system fairer, while 21% said it would make the system less fair.
There is a deep partisan divide over the proposal. Democrats, by a large margin, said the tax hike would boost the economy and make the tax system fairer. Republicans thought the opposite, though by smaller margins.
Since this has to be decided before Jan. 1st when all the Bush tax cuts disappear by law, it will be interesting when it gets Congressional attention. Odds are it won’t be until after the November election and will depend on who gets elected President.
- Poll Finds Americans See Ending Tax Cuts for Wealthy Beneficial – Bloomberg (bloomberg.com)
- Poll Finds Americans See Ending Tax Cuts for Wealthy Beneficial – Businessweek (businessweek.com)
- Pew Research Center: Obama Maintains “Significant” Lead Over Romney (themoderatevoice.com)
- The left’s gone left but the right’s gone nuts: Asymmetrical polarization in action (grist.org)
- Poll: Public says Obama tax plan more fair, helps economy (thehill.com)
- How Raising Taxes Can Be a Winning Issue for Obama (bloomberg.com)
- Why is it so hard to raise taxes on the rich? (salon.com)
From The Smirking Chimp:
Benjamin Franklin, who used his many talents to become a wealthy man, famously said that the only things certain in life are death and taxes. But if you’re a corporate CEO in America today, even they can be put on the back burner – death held at bay by the best medical care money can buy and the latest in surgical and life extension techniques, taxes conveniently shunted aside courtesy of loopholes, overseas investment and governments that conveniently look the other way.
– Bill Moyers
Read the whole article HERE
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”
– Warren Buffett
…and if the income tax cuts on the top 2% are not resumed the rich class will go beyond winning to utter conquest. The rest of us will enter a new and dismal world of growing poverty… like living in Mitch McConnell’s underwear drawer.
.. and I agree.
In an article in Salon, Sirota takes ideas like the support for Health Care and shows why the 1% of folks at the top of the economic pile will squash the 99% of us below if they can.
With 22,000 Americans dying each year because they lack health insurance, Congress is considering universal healthcare legislation financed by a surcharge on income above $280,000 — that is, a levy almost exclusively on 1-percenters. This surtax would graze just 5 percent of small businesses and would recoup only part of the $700 billion the 1-percenters received from the Bush tax cuts. In fact, it is so minuscule, those making $1 million annually would pay just $9,000 more in taxes every year — or nine-tenths of 1 percent of their 12-month haul.
Nonetheless, the 1-percenters have deployed an army to destroy the initiative before it makes progress.
We are living in an era when greed surpasses good. We live where politicians, by election, get on the inside track to join the 1-percenters, and when the vast majority of Americans all believe that they can be part of the 1% as well, eventually, hopefully… why do we believe this in the face of reality?
Indeed, Obama recognizes this and is campaigning to get the whole country to realize that it wouldn’t even be a dent in the rich folks’ stunning protective skin to take some of it back.
In the face of the “Millionaire Media”, the “Land Rover Liberals” and the “Corrupt Cowboys” (read the article to find out who’s who), the President makes a simple point:
“If I can afford to do a little bit more so that a whole bunch of families out there have a little more security, when I already have security, that’s part of being a community.”
Of course, Congress is taking its August break in time to avoid changing anything.