People still want to tax the rich
A new poll shows 60% support for new taxes on the wealthy as an option to reduce the federal deficit.
A new poll shows that most Americans -- even those making more than $100,000 a year -- still favor raising taxes on the rich.The survey, by ABC News and The Washington Post, showed that six out of every 10 Americans approve of a tax hike for people making more than $250,000 a year. That is exactly in line with what voters in this month's presidential elections said in exit polls, according to the Post.
Not surprisingly, Democrats were most in favor of new taxes on the wealthy, with 73% supporting such a move. About 63% of independent voters were in support, but 59% of Republicans opposed taxing the rich.
Among those making more than $100,000 a year, 57% support new taxes while 42% are opposed, Politico notes.
In fact, when it came to different ways to cut the federal deficit, taxing the wealthy was the most popular option. Capping deductions on federal income taxes won far less support, even though this move would mostly impact the rich as well. Only 44% of those surveyed favored caps on deductions.
And forget about raising the age for Medicare to 67 from 65. That received only 30% support.
The poll, and others like it, may give a boost to President Obama as the White House and Republicans negotiate a way out of the so-called "fiscal cliff" that threatens to kick in next year as the Bush tax cuts expire.
More from Money Now
| Tags: | Economy |
Of course most americans want the rich to pay more. That's because they aren't rich... What a dumb poll...
Do most americans think the rich should pay higher SS? Yes
Do most americans think the rich should not get SS? Yes
Medicare taxes? Yes and Yes
Higher Income taxes? Yes
Should the rich pay a special "rich person only" tax? Yes
There are even a lot of americans that waht the rich to pay a tax on their net worth...
Americans in general are greedy and only think of themselves. If the rich pay more then they pay less...it's simple. There's no reason to do a poll...
I wouldn't buy a GM or Chrysler car if you paid me! I'm an aircraft mechanic by trade, and currently drive VWs, Subaru's, Mazda, and a Ford Ranger. ALL are far superior to anything GM makes, and for good reason!
GM, or should I say, "YOUR TAX DOLLARS" supports corrupt union pension plans. While you're stuck with a lousy 401k (maybe), and Obamacare, GM retirees get a golden handshake after 25 years (regardless of age); and 75% of their pre-retirement pay PLUS a great HC benefit! All they had to do was vote for Obama!
While now I'm voting,,,,,,with my wallet!! I will NEVER buy a GM product EVER!!
When Obama desolved this republic by executive order; when he initiated the Dream Act by Executive Fiat, I was done with this - entirely!
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
RECENT POSTS
Tired of constantly dying batteries, she came up with a device that could revolutionize energy storage -- and won $50,000 from Intel.
- Detroit in hot water over proposal to sell art
- Sears spirals toward oblivion
- Why aren't heads rolling at the IRS?
- Do we pay attention to roads and bridges now?
- Yahoo may be going after Hulu
- Apple's first computer could fetch $450,000
- AT&T adds sneaky fee onto its wireless bills
- Soaring ER use adds more pain to health costs
- Netflix gets 'Arrested Development' stars cheap
MARKET UPDATE
[BRIEFING.COM] Stocks entered the weekend on a mixed note as the S&P 500 shed 0.1% while the Dow ended with a gain of 0.1%.
The major averages began the day on a lower note as nine of ten sectors saw losses of more than 0.5%.
The consumer staples sector was the lone exception as the group spent the entire day in positive territory thanks to the relative strength of Dow component Procter & Gamble (PG 81.89, +3.19). The second-largest staple stock advanced ... More
More Market News
TOP STOCKS
Try as the bears might, they couldn't break US stocks. But investors still face frothy prices and considerable headwinds.
MSN MONEY'S
- Shared
- Commented
- Viewed
