Public opinion on taxing the wealthy

Andrew Sullivan:

Every Single Poll . . . shows that the American public overwhelmingly supports higher taxes on the wealthy as part of a package to cut the deficit. The margins are staggering: the NYT poll shows a majority of 74 – 21; even Rasmussen shows a majority of 56 – 34. What the president proposed this morning is simply where the American people are at. If he keeps at it, if he turns his administration into a permanent campaign for structural fiscal reform, I don’t see how he loses the argument.

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About Guy N. Texas

Guy N. Texas is the pen name of a lawyer living in Dallas, who is now a liberal. He was once conservative, but this word has so morphed in meaning that he can no longer call himself that in good conscience. Guy has no political aspirations. He speaks only for himself.
This entry was posted in Budget, Business, Economics, News, Politics, Taxes. Bookmark the permalink.

One Response to Public opinion on taxing the wealthy

  1. living4bliss says:

    While I don’t agree with “punishing” the wealthy for being successful (that takes away incentive to try and build personal wealth) I do agree that we must all pay our fair share and currently the wealthy are not.

    Obama must do a better job in getting the message through. For instance the argument that increasing taxes for those making over $250,000 would hurt small business is insane and should have been addressed immediately. Small businesses are taxed on PROFITS and payroll comes out before profits. Therefore the increased taxes would not hurt job creation for small businesses unless they make $250,000 in profit. If so, why not pay more in taxes? Maybe that would be incentive to hire one more person.

    The other issue that I don’t hear addressed much is that in spite of tax cuts on businesses, they are making record profits and still not hiring. What’s the purpose of lower taxes on businesses again?

    It amazes me how people can parrot an idea without even thinking about what they are saying.

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