Public Opinion on Tax Cuts for the Rich

I’ve written about tax cuts for the rich in some other posts, but I don’t think I’ve mentioned the aspect of public opinion. I don’t have any commentary. I just wanted to post the data showing a majority Americans want the tax cuts for the rich to end.

http://www.cbsnews.com/8301-503544_162-20016602-503544.html

Fifty-three percent of Americans agree with Mr. Obama that the tax cuts for the wealthy should be allowed to expire, while 38 percent do not, according to the poll, conducted Sept. 10-14.

Two of three Democrats think it is a good idea, and most independents (55 percent) agree. Most Republicans (57 percent) think it is a bad idea.

A small minority of Americans (19 percent) think it is a good idea to let the tax cuts expire for households earning under $250,000 a year – a policy no elected official in Washington is promoting, given the state of the economy.

Meanwhile, one third of Americans believe the Obama administration has raised taxes. Fifty percent think taxes have stayed the same, but only 8 percent think taxes have gone down. In fact, most Americans received a tax break in 2009.

This poll shows the majority of Americans support Obama on the issue of taxes. And yet it also seems to show most Americans are oblivious of the fact that they agree with Obama. They’re unhappy with Obama because they think he has raised taxes, but he hasn’t. This is the product of the right-wing spin machine. Conservatives are good at tellng a narrative so compelling that people either ignore the facts or just assume the facts agree with the narrative.

As for tax cuts for the rich, even the Republican party is closely split with 43% of Republicans wanting them to end. I don’t know of any polling data of Tea Party supporters. They’re more conservative than the average Republican and I’d guess they’re for continuation of tax cuts for the rich because that seems to be the position of Tea Party leaders such as Palin and Beck. However, the Tea Party likes to portray itself as independent. Polling the Tea Party would be a good test of their claim of being independent considering a majority of independents also support the ending of the tax cuts for the rich.

And it’s not just one poll showing this majority. Apparently, a majority of polls show this majority.

http://voices.washingtonpost.com/plum-line/2010/09/dear_dems_you_can_win_the_argu.html

* A new National Journal poll finds that 56 percent support ending either all the Bush tax cuts or just the ones for the wealthy, while barely more than a third want to keep them all.

* The new Gallup poll shows that 59 percent of Americans — and a majority of independents — supports either ending all the Bush tax cuts or just the ones for the wealthy.

Indeed, Gallup finds that Obama’s proposal — ending the tax cuts for the wealthy but not for everyone else — has the support of 44 percent, more than any other solution.

* A CNN poll in late August found that a majority, 51 percent, favors ending the tax cuts for the rich, and another 18 percent favor ending them all.

It also found that among independents, 44 percent favor ending the tax cuts for the rich, while another 21 percent favor ending them all. Letting the tax cuts for the rich expire has majority support in all regions of the country except the south.

* A recent CBS poll also found a sizable majority, 56 percent, think the tax cuts for the wealthy should expire.

[…] Here’s another one: A recent Newsweek poll found 52 percent support letting the tax cuts for the rich expire, while only 38 percent support keeping them in place.

The CNN poll found the Republican party was 50/50 split on continuing tax cuts for the rich, but most interestingly Republicans showed the stronger support than even Democrats in ending all tax cuts. So, Republican voters are being true to their fiscal conservative ideology while the Republican leadership is being hypocritical and not representing those who voted them into office.

http://www.huffingtonpost.com/2010/08/20/only-50-of-gop-supports-e_n_689326.html

Only half of all Republicans and self-identified conservatives favor extending the Bush tax cuts for the wealthy, a new public opinion poll shows. Fewer say they favor extending the Bush tax cuts just for those making less than $250,000 a year.

A study released by CNN on Friday suggests that Republicans face a curious public opinion deficit in their efforts to keep tax rates at current levels for income groups across the board. The party’s base isn’t entirely sold on keeping the rates in place. But they also don’t favor raising them on the wealthy and no one else.

Top officials in the GOP have said they will fight the president’s proposal to extend the Bush tax cuts for the lower and middle classes while allowing those for the wealthy to expire. But few voting blocs appear to back that approach.

According to the survey, only 26 percent of self-identified moderates back extending the Bush tax cuts for the wealthy. Only nine percent of liberals said the same thing. Conventional wisdom would hold that Republicans would be the chief proponents of the proposal. But only 50 percent of conservative respondents said they want tax rates for the wealthy kept in place — the same percentage of Republicans support a full extension of the Bush tax cuts.

As for extending the tax cuts for those making under $250,000 a year, 69 percent of liberals support that approach, 53 percent of moderates, and only 36 percent of conservatives.

Meanwhile, every single age group polled by CNN favored extending tax cuts for just the lower brackets over extending them for all groups (including the wealthy). So too did respondents from every single region of the country.

I’m not sure what all of this means. Tax cuts used to be popular. Does this represent a shift? Even Tea Party supporters who are the most right-wing of the American public have grown critical of the Republican leadership and yet the Republicans in Washington keep pushing the unpopular tax cuts for the rich. Will this issue be a turning point in public opinion? Will the GOP be forced to return to the fiscal conservatism last seen during Eisenhower’s administration?

Previous posts with data, commentary or videos related to tax cuts for the rich:

MSNBC w/ Cenk: Reich – Middle Class & Wages

Cenk Uygur on Tax Cuts for the Rich

Reaganomics & Tax Cuts for the Rich

National Debt, Starve the Beast, & Wealth Disparity

Failure of Conservative Morality in Politics

Liberals are the New Fiscal Conservatives