Economy & Budget

Poll: Most Americans oppose tax hikes on wealthy

Poll: Most Americans oppose tax hikes on wealthy

A new McClatchy-Marist poll finds that a majority of Americans support extending the Bush-era tax rates to all Americans.

Overall, the polls finds that 52 percent of registered voters support extending tax cuts for all incomes — even those making more than $250,000. And 43 percent want the cuts extended only for incomes under the threshold.

Other interesting tidbits:

  • Latinos support tax cuts for all incomes 62-36 percent at a higher percentage than whites — 50 percent to 44 percent.
  • Voters aged 18-29 favor the tax cuts by a larger margin than any other group in the poll, 69 to 29.
  • African-Americans split nearly evenly on limiting tax cuts to incomes below $250,000 or extending to everyone.
  • Even those  making less than $50,000 support tax cuts for all incomes by 53 percent to 41 percent.

It’s bothersome that polls still refer to this as an extension of a tax cut rather than what it is: a tax hike. But, according to this poll at least, people aren’t falling for it in the numbers that President Obama would probably like.

Last week, the president claimed that, “The money we’re spending on these tax cuts for the wealthy is a major driver of our deficit.” This is an untruth on many levels. First, Americans don’t spend or pay for tax cuts. Second, the Bush tax cuts did not cause the deficit nor do they propel it.

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