Monday, March 29, 2010

Who Wants Tax Cuts?

Jonathan Chait finds an interesting poll:

Quinnipiac has a new poll out on the deficit. The results may not surprise. By more than a three-to-one margin, the public opposes "cutting the growth of spending" on Medicare or Social Security benefits, or any tax increase on the middle class. What specific measure do they support? Raising taxes on the rich. 60% of the public says we should raises taxes on households earning more than $250,000 a year. 72% want to raise taxes on households earning more than $1 million.

Interestingly, 42% of Republicans favor a tax hike on $250,000 households, and 56% of them favor a tax hike on households earning over a million. But zero percent of Republican elected officials in Washington favor this approach. Indeed, the Republican Party's current plans all involve large tax cuts for high-income households.

Maybe America is getting it after all...Chait goes onto explain that this won't solve everything, but at least ridding America of the burden of the Bush Tax Cuts would resolve some injustice in our tax system. American's might just be revealing they do care about tax cuts for the rich, taxing them more that is and that although populist is in the right direction.

Oh and the Republican party is not listening to the American people. Yet again. Can you tell I hate today?

I am Frank Chow and I approved this message

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