New Poll: Majority support taxing wealthier Americans
November 28th, 2012
11:01 AM ET
1 year ago

New Poll: Majority support taxing wealthier Americans

Washington (CNN) - A new national poll suggests that most Americans support raising taxes on people making over $250,000 per year as part of a deal to prevent the country from falling off the fiscal cliff.

But an ABC News/Washington Post survey released Wednesday morning also indicates other proposals to reduce the nation's massive federal debt, such as limiting the deductions people can claim on their federal income taxes, and raising the age for Medicare, are far less popular.

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Sixty percent of Americans questioned in the poll say they back higher taxes on high earners, with 37% opposed. According to national exit polls from this month's presidential election, an identical 60% said taxes should be raised on incomes over $250,000.

The new poll indicates a partisan divide on the question, with 73% of Democrats and 63% of independent voters supporting the tax increase, with nearly six in ten Republicans opposed.

According to the survey, 44% are in favor of new limitations on federal income tax deductions, with 49% opposed. And just three in ten support raising the age for Medicare from 65 to 67, with two-thirds not favoring such a move.

The ABC News/Washington Post Poll was conducted November 20-25, with 1,016 adults nationwide questioned by telephone. The survey's overall sampling error is plus or minus 3.5 percentage points.

A CNN/ORC International poll released Monday indicated that two-thirds of Americans supported a deal to avert the fiscal cliff that included both spending cuts and tax increases.

CNN Political Editor Paul Steinhauser contributed to this report


Filed under: Fiscal Cliff • President Obama
soundoff (26 Responses)
  1. independent

    Most people will agree to a balanced approach to debt/deficit reduction. Getting back to something close to the Clinton tax rates will help (eased in over time), cuts to spending are critical – but the big ticket items need more cutting than the smaller ones, i.e., defense spending verses NASA. Let the Republicans be the Party of No, again, if they want to. We saw how that helped them during an election with a bad economy, let's see how they fair in four more years against Hillary and her coattails.

    November 28, 2012 11:09 am at 11:09 am |
  2. Rick McDaniel

    That simply means.......the support sticking up a business, with a gun, and robbing them.

    It amounts to exactly the same thing........stealing from the rich, to give to the poor.

    November 28, 2012 11:11 am at 11:11 am |
  3. sammieb51

    Doesn't matter what the majority want ... it matters what the GOP leader, Rush Limbaugh, with his minions, want. They operate on the philosophy that the squeeky wheel gets the oil, so they scream and shout and get all riled up ..... reminds me of 2 year olds.

    November 28, 2012 11:13 am at 11:13 am |
  4. Frank - FL

    Does everyone realize that this tax will only amount to a few pennies???? This will do next to nothing to fix the issue. NOTHING!

    November 28, 2012 11:21 am at 11:21 am |
  5. freedom

    It's not going to solve the deficit problem. The Obama admin. spent more that any other president ever – even during the Bush years, which you all are still screaming about – and he's not going to stop spending. Why Americans voted Obama and his policies back into office is a real quandary, and will always remain a disturbing chapter in our history.

    November 28, 2012 11:27 am at 11:27 am |
  6. just sayin

    shocking! most americans support taxing somebody else instead of them!! shocking i tell you!!

    so when are obama and the democrats actually going to come up with concrete solutions and cuts in spending? they have put nothing on the table. unless they do then let's all walk off the cliff. it is what the democrats want, a return to the clinton tax rate era. they claim it will solve the problem. they lie. we'll still have massive deficits.

    November 28, 2012 11:32 am at 11:32 am |
  7. tony

    @ Rick Mcdaniel
    sir are you kidding me stealing from the rich and give to the poor? Bush did it the other way round for ten years, and don't give that job creator garbage because in that ten years bush created 0 jobs and a recession i never can understand right wing crazies with this 1% of the population stimulating the economy with their spending commonsense will tell you that they cannot spend enough to creat lets say 22mil jobs. Guy you need to stop listening to limbaugh, hannity, and sarah.

    November 28, 2012 11:35 am at 11:35 am |
  8. Bill in Florida

    The poll says that 40% of REPUBLICANS supports taxing the rich. GOP leaders better not risk the US's credit rating again to protect the 2% at the expense of the 98%

    November 28, 2012 11:36 am at 11:36 am |
  9. John

    I own 2 small businesses, one a C corp and one an LLC, totalling 60 employees....near year-end I review projected year end profits prior to the fiscal year end to determine whether, and to what extent, to 1) take income/bonus or 2) to invest the projected profits into the business (s)....in both cases to reduce income tax exposure.....the HIGHER the marginal tax rate, the more likely that I will choose *2 above, because it will more likely be a BETTER NET INVESTMENT. The GOP continues to claim that raising taxes on the rich will increase job losses.....the OPPOSITE IS TRUE and every successful small business owner is aware of something that is so fundamentally true.

    November 28, 2012 11:39 am at 11:39 am |
  10. sonny chapman

    Clinton Economy-39% Max Tax Rate-22 MILLION Jobs created. The "Taxes Are Job Killers" Mantra is based on Repub. Theology/Ideology, not on FACTS.

    November 28, 2012 11:40 am at 11:40 am |
  11. Ray E. (Georgia)

    Um, yes,
    Tax the rich, the rich raise prices, sales go down, workers are laid off, BUT, they voted for it, I say let's give it to them. It ain't costing me nothin'. is it?

    November 28, 2012 11:42 am at 11:42 am |
  12. ST

    The media is confusing people. CNN and ABC didn't poll the same people. For sure you will get different thinking if you ask different people.

    November 28, 2012 11:44 am at 11:44 am |
  13. Larry

    We have had four years of demonization and division by Obama so a lot of people think its rich peoples fault they are suffering. I know a lot of people’s taxes will most likely rise but in the end I think they will spend extra time and money to evade throwing good money after bad to have an equivalent tax bill.

    November 28, 2012 12:01 pm at 12:01 pm |
  14. bill pike

    of course-as the ad said "it is true in socialism, the rich do get poorer but the poor get poorer also". We have gone over that cliff of self development-those who set goals and achieve miracles. When Israel left big government in Egypt and had the chance to do it on their own-they wanted to go back into slavery or socialism–to go back to Egypt where the government controlled all they did. Think-they would rather go back to the security of slavery with the government in control-beat and mistreated-than to go it on their own. THERE REALLY IS NOTHING NEW UNDER THE SUN. We have turned our backs on the individual and are into a welfare state where the slaves vote to keep their entitlements instead of stepping out on their own to be successful. Interesting that Biden only gave $5,500 last year to "help the poor" and Romney gave millions but as long as it's the government in control that's ok????? As a vet and someone who has built companies I am sad-the poor will get poorer under socialism because there is no goal to achieve.

    November 28, 2012 12:02 pm at 12:02 pm |
  15. Bill from GA

    We have to get over this attitude that we let the 'other guy' pay for our Country.

    Taxes should rise for all. Maybe a gradual return to the Clinton-era tax rates. Tax the wealthy more now; other income taxes should rise over time, as the economy improves more.

    And tax investment income the same as other income. If your capitol gains or dividend income is over $250,000 per year, you can afford to pay the same tax as anyone else making $250,000 a year. Some ad running these days says the tax rate is doubling on money they pay their bills with. That is a lie. The rate is only doubling on taxable income above $250K or so.

    November 28, 2012 12:02 pm at 12:02 pm |
  16. i'malib

    I say tax everyone who has a job and give it to people who need it. I'm a single mother of four from three different fathers, haven't looked for a job in three years, and through no fault of my own, I am in this horrible situation. Raise taxes on everyone and give it to people who deserve it, like me. You owe me!

    November 28, 2012 12:03 pm at 12:03 pm |
  17. Tommy G

    >sonny chapman
    >Clinton Economy-39% Max Tax Rate-22 MILLION Jobs created.

    So you are claiming the DOT COM internt bubble which created all those jobs was driven by the 39% tax rate on the upper income levels??? SERIOUSLY??? You do realize that just because two things exist at the same time does not mean they have a direct affect on one another. I doubt all f the people involved in the DOTCOM bubble lokeat the tax code and deciddthe 1990s as the time to advance networking technolgy.

    Do yo people acully believe the stuff you post? scary.

    November 28, 2012 12:04 pm at 12:04 pm |
  18. kevobx

    Can anyone murder a man and still get away with it, just by saying Am I my brother's keeper? The world followed Baalam with vagabond shoes on. Christ told us about Elijah (1st Kings 18:21 but if Baal, then follow him. And the people answered him not a word.) *Jude 11 Woe unto them! for they have gone in the way of Cain,..

    November 28, 2012 12:12 pm at 12:12 pm |
  19. Larry

    John

    I own 2 small businesses, one a C corp and one an LLC, totalling 60 employees....near year-end I review projected year end profits prior to the fiscal year end to determine whether, and to what extent, to 1) take income/bonus or 2) to invest the projected profits into the business (s)....in both cases to reduce income tax exposure.....the HIGHER the marginal tax rate, the more likely that I will choose *2 above, because it will more likely be a BETTER NET INVESTMENT. The GOP continues to claim that raising taxes on the rich will increase job losses.....the OPPOSITE IS TRUE and every successful small business owner is aware of something that is so fundamentally true.
    ___________________________________
    Tax policy does not usually affect people's investments. If its a good investment like your business poeple are going to do it no matter your party affiliation. What is does affect is when they sell a business, stock or real estate. I owned part of a business that we held for a year longer than we wanted just to lessen the tax burden. Also there are plenty out there that purposely limit ordinary income to decrease their taxes as they have plenty of other money to live on.

    November 28, 2012 12:15 pm at 12:15 pm |
  20. Rudy NYC

    freedom

    It's not going to solve the deficit problem.
    ----------------------
    Cutting taxes is not going to solve the deficit problem. Facts show that is what created it the enormous deficit, combined with increased spending under the Bush administration. Spending has been reduced under the Obama administration.

    November 28, 2012 12:18 pm at 12:18 pm |
  21. Larry L

    @Rick McDaniel

    That simply means.......the support sticking up a business, with a gun, and robbing them.

    It amounts to exactly the same thing........stealing from the rich, to give to the poor.
    ===================================================================================
    @Ray E. (Georgia)

    Um, yes,
    Tax the rich, the rich raise prices, sales go down, workers are laid off, BUT, they voted for it, I say let's give it to them. It ain't costing me nothin'. is it?
    =============================================================================
    Even Ronald Reagan understood and supported a progressive tax system. Trickle-down economics has never been shown to work. Google up the report by the non-partisan Congressional Research Service that was pulled from the New York Times after pressure from the Republicans in the House. It showed no relationship between tax rates on the rich and economic progress. They give facts and hard data.

    November 28, 2012 12:21 pm at 12:21 pm |
  22. Claudia, Houston, Tx

    The economy and debt aren't hard to fix, it's the obstruction of Republicans who want to hold onto the idea that Republicans are the only ones who are capable of doing so and to prove their point they don't care if Americans suffer collateral damage. What would they have to run on in 2016, NOTHING.

    November 28, 2012 12:23 pm at 12:23 pm |
  23. Anthony

    Successful people don't care if you raise their taxes a little; it just make them work harder. They can make money no matter what the tax rate is (as long as it is not 100% or something close to it). If you cut their taxes by a lot, like Romney proposed with his 20% tax cuts, they will still make their money, but they lose incentive to work harder. If you just give them big tax cuts, they can either pocket the money, or stash the money in Swiss bank accounts or overseas tax havens, just like Mitt Romney.

    November 28, 2012 12:25 pm at 12:25 pm |
  24. Tommy G

    >Rudy NYC
    >Spending has been reduced under the Obama administration.

    So you can of course list specific spending cuts that have occurred over the last 4 years. But you won't, because you can't, because they do not exist, because what you have stated is a blatant lie. Obama made permanent, the one time TARP expenditure of $800 billion. He increased federal spending by 25% by doin this.

    November 28, 2012 12:35 pm at 12:35 pm |
  25. nothing new here

    I believe that everybody should pay their fair share in taxes.
    If you live and work in this country, then you should be willing to pay a fair share in keeping our infrastructure strong.
    These loopholes need to start being closed off, esp. the loopholes that benefit the ultra- rich.
    Also, churches and other religious organizations need to step up to the plate.

    November 28, 2012 12:40 pm at 12:40 pm |
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