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Poll: Donít Extend Bush Tax Cuts for Wealthy
National Journal ^ | 06/19/2012 | Shane Goldmacher

Posted on 06/19/2012 7:21:41 AM PDT by SeekAndFind

CORRECTION: An earlier version of this story gave the incorrect percent of the public that wants tax breaks across all income levels made permanent. Eighteen percent polled support the position taken by Republican presidential candidate Mitt Romney.

As President Obama navigates a choppy economy in his reelection bid, he can rely on one comforting fact: Americans continue to strongly embrace his opposition to extending tax breaks for those earning more than $250,000 a year.

A new United Technologies/National Journal Congressional Connection Poll shows that only 26 percent of the public wants to see all of the tax breaks created during the George W. Bush administration, which are set to expire at year’s end, extended for at least another year. And only 18 percent want the tax breaks across all income levels made permanent, the position taken by Republican presidential candidate Mitt Romney.

That the broader public prefers taxing the rich to taxing themselves is not surprising. But the poll results offer evidence of the political benefits that the president can derive from his opposition to the Bush-era tax breaks for high-income earners. Obama has made this a centerpiece of his campaign. It also shows the difficulties that the GOP faces trying to convince voters that the $250,000 threshold hits small businesses and would hurt the economy, and why that narrative has gained little traction with the public at large.

In the poll, 47 percent of respondents said they wanted to see the tax breaks extended only for those earning less than $250,000. Eighteen percent said they prefer that all the tax breaks simply expire, which would result in higher taxes across the income spectrum.

The question of how to handle the expiration of the Bush tax cuts, of course, will be settled not on the campaign trail but in Congress. No action is expected until after the fall elections, when the lame-duck Congress will have to tackle not only the Bush tax cuts, but automatic cutbacks to defense spending, an expiring payroll-tax break, the rising estate tax, and a potential debt-ceiling increase. Collectively, that looming fiscal fight has become known as “Taxmaggedon.”

Republicans have argued that raising taxes amid an economic downturn could plunge the country back into recession. And Democrats have not stayed united in opposition, as former President Clinton made waves this month when he suggested in a televised interview that lawmakers should “avoid anything that would contract the economy now.” He later issued a clarifying statement saying he supported Obama’s position.

“Even Bill Clinton came out for it, before he was against it,” House Speaker John Boehner, R-Ohio, said.

The opposition to extending the Bush-era tax breaks for those earning above $250,000 spanned across every ethnic and age group in the poll, with young voters most opposed. Opinion did differ among various income groups. Only 21 percent of those who earn less than $30,000 a year want the tax breaks for all earners extended; 28 percent of those earning between $30,000 and $75,000 want them extended; and 31 percent among those earning at least $75,000 favor the across-the-board extension.

With less than five months until the November elections, the survey shows how both Democrats and Republicans have tried to stake out popular positions on fiscal issues not just among their respective bases, but also among the critical independent swing voters that determine elections.

For Obama, that means talking about the Bush tax cuts. For Republicans, it’s pushing small-business tax breaks, rather than more spending on things like highways and infrastructure, to pump up the slumping economy.

It’s no accident that House Majority Leader Eric Cantor, R-Va., pushed through legislation this year that promised business-tax breaks to spur hiring. Obama embraced Cantor’s Jobs Act, despite angering some in his own party, and the pair made a rare joint appearance for a Rose Garden signing ceremony.

When asked what Congress could do to help the economy and create jobs, the top answer picked by poll respondents (37 percent of them) was “passing tax cuts for small businesses to encourage them to hire more workers.”

Republicans particularly embraced that approach (52 percent), but it was also the most popular option selected among both Democratic voters (35 percent) and independents (32 percent).

Business-tax breaks easily outpolled added taxes on imported goods (24 percent), using a transportation bill to promote road-building (20 percent), and added subsidies to promote the use of clean energy (11 percent). Clearly, three years after the stimulus package, the public still appears to doubt the ability of government investments to help the economy.

The strong showing for new taxes on foreign products, meanwhile, was only one example of a protectionist streak coursing through the electorate, according to the survey. A majority, 52 percent, also said that “economic competition from foreign countries selling their goods here” has contributed “a lot” to suppressing U.S. family incomes.

There was no party split on that question: A majority of Democrats, Republicans, and independents agreed that goods produced abroad were depressing incomes here. That was the highest figure of the four choices presented in the poll. The next most popular, checking in at 47 percent, was that government policies “give too many tax breaks to the wealthy,” followed by 46 percent who blamed “government spending and regulation.”

Finishing a distant fourth, with only 25 percent of respondents saying it had “a lot” of impact on suppressing family incomes, was “the decline in labor-union membership.”

The United Technologies/National Journal Congressional Connection Poll was conducted by Princeton Survey Research Associates International, which surveyed 1,002 adults by landline and cell phone on June 14-17. The survey has a margin of error of plus or minus 3.6 percentage points. The margin of error is higher for subgroups.

Infographic



TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: bush; tax; taxcuts; taxes

1 posted on 06/19/2012 7:21:49 AM PDT by SeekAndFind
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To: SeekAndFind

I DO NOT believe these polls that support Obozo’s tax and immigration positions.


2 posted on 06/19/2012 7:23:28 AM PDT by SoldierDad (Proud dad of an Army Soldier who has survived 24 months of Combat deployment.)
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To: SoldierDad

I don’t believe them either. I would like to see the sampling info of folks and also the wording of the question.

Ask “adults” about “tax breaks for the wealthiest Americans” or ask “likely voters” about across the board tax cuts - you get two totally different results.


3 posted on 06/19/2012 7:27:12 AM PDT by C. Edmund Wright
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To: SoldierDad
I DO NOT believe these polls that support Obozo’s tax and immigration positions.

I do. The depth of ignorance and stupidity of the electorate is astonishing. Look at the occutards. A vast segment of the populace thinks that wealth is distributed not created or earned. The phrase "winners of life's lottery" rings a familiar chord to them.

These people are voteing themselves a chunk of your hard earned wealth. They're too lazy to steal on their own so they vote for the candidate who promises them the biggest share of the plunder after the governemt robs you.

4 posted on 06/19/2012 7:28:35 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: from occupied ga; SoldierDad

Leftists have been manipulating the language to trick people since the serpent in the garden.

“Wealthy” means different things to different people,
and it also plays to the sin nature of humanity (covetousness).

“Wealthy” really can be practically defined as “someone that I perceive has more than me”.


5 posted on 06/19/2012 7:30:57 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: SeekAndFind
What 0Bozo is doing is preying on public ignorance. Along with the "Bush tax cuts", which are the current tax rates, you have a 15% bracket for the lowest incomes. When these "tax cuts" expire, that rate goes away. Dividends will be taxed at normal income rates as opposed to 15%. What will that do to investment and the market? Finally don't forget, there's a raft of new 0bamacare taxes about to happen unless SCOTUS strikes down the entire 0bamacare mess (IMHO unlikely). All of the business analysts refer to this as a tax tsunami in January.

Mittens has a hell of a mess to clean up, our only prayer (and it's a slim one) is a conservative congress. Of course, don't forget you'll still have the likes of Pelosi & Rangel and so-called "moderates" like Grahmnesty in senior positions so they'll blunt any efforts to restore the constitution.

Soros' empty suit has done long lasting damage to this country that will echo long after he's gone.

6 posted on 06/19/2012 7:33:22 AM PDT by YankeeReb
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To: SeekAndFind
What total crap! I'll believe the poll results, AFTER I am allowed to see the fine print--who did they poll? What questions did they ask?

Liberals like to create "facts" by using dishonest polls.
7 posted on 06/19/2012 7:34:05 AM PDT by Sudetenland (Member of the BBB Club - Bye-Bye-Barry!!!)
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To: SeekAndFind

Ask Obama:

What will you do with the $5 Billion the IRS receives by stopping the Bush tax cuts “for the wealthy”?


8 posted on 06/19/2012 7:35:05 AM PDT by G Larry
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To: C. Edmund Wright

Unfortunately, I think most people are selfish and would support SOMEONE ELSE’S taxes being raised. Elections are turning into, what am I going to get out of this guy. Most people are too ignorant to know the important facts that prove that taxing the rich won’t even make a dent in the fiscal problems of this country.


9 posted on 06/19/2012 7:36:22 AM PDT by No Socialist
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To: SeekAndFind

Too late - the “Bush Tax Cuts” already expired.


10 posted on 06/19/2012 7:37:12 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: No Socialist

“Don’t tax you, don’t tax me, tax that guy behind the tree.”


11 posted on 06/19/2012 7:37:46 AM PDT by dfwgator
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To: SeekAndFind

We also have polls that say repeal Obamacare, close the borders and the top tax rate should be 20%.


12 posted on 06/19/2012 7:38:40 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: from occupied ga

Just as with Statistics, Polls are easily manipulated to obtain the results that are desired by those doing the poll. Yes, there exists a portion of the population that feeds at the trough off of those who created “their” feed. However, I DO NOT believe that a majority exists across the entirety of the U.S. voting population which would agree to the positions this feckless Pres__ent (100 rounds of golf, countless vacations, no discernable accomplishments outside of Obozocare and a 5 trillion dollar tab to the taxpayers).


13 posted on 06/19/2012 7:42:11 AM PDT by SoldierDad (Proud dad of an Army Soldier who has survived 24 months of Combat deployment.)
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To: YankeeReb

You’re forgetting one of the biggest tax hikes: the marriage penalty comes back into play. This will increase the taxes married people pay by about $1800.


14 posted on 06/19/2012 7:42:29 AM PDT by anoldafvet
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To: Sudetenland
Liberals like to create "facts" by using dishonest polls.

"you will sssurely not die..."

15 posted on 06/19/2012 7:42:41 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: SeekAndFind

Oh, so they WANT 10% unemployment ???


16 posted on 06/19/2012 7:46:58 AM PDT by Reagan69 (I supported Sarah Palin and all I got was a lousy DVD !)
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To: SoldierDad

“I DO NOT believe these polls that support Obozo’s tax and immigration positions.”

I believe them. I believe the American people are ignorant to how the economy works. Plus you can’t believe all these polls that show Romney doing well and not believe the polls that you don’t agree with. It seems like many do that and it is silly.


17 posted on 06/19/2012 7:47:17 AM PDT by napscoordinator
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To: napscoordinator

The only “poll” that has any meaning, IMO, is the one which takes place in November. Everything else is a distraction of noise. My hope is that the “poll” in November isn’t manipulated by voter fraud. My fear is that it will be.


18 posted on 06/19/2012 7:52:27 AM PDT by SoldierDad (Proud dad of an Army Soldier who has survived 24 months of Combat deployment.)
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To: SeekAndFind

More bogus propaganda!


19 posted on 06/19/2012 7:53:19 AM PDT by DarthVader (Politicians govern out of self interest, Statesmen govern for a Vision greater than themselves)
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To: SoldierDad
I DO NOT believe that a majority exists across the entirety of the U.S. voting population which would agree to the positions this feckless Pres__ent

Well I hope you're right, but never underestimate the power of envy and the ability of 0 and his accomplices to whip up class warfare. Just look at the jackpot awards that juries give to losers who sue corporations for things that are entirely the losers' faults if you want an example of how envy drives the average voter.

20 posted on 06/19/2012 7:57:27 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: SeekAndFind

New poll questions:

Should obama raise taxes on my employer?
Should obama raise my taxes?


21 posted on 06/19/2012 7:59:06 AM PDT by silverleaf (Every human spent about half an hour as a single cell)
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To: SeekAndFind

The bottom line of the graphic reveals who was polled

fuggedaboutit


22 posted on 06/19/2012 8:01:40 AM PDT by silverleaf (Every human spent about half an hour as a single cell)
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To: SoldierDad
My hope is that the “poll” in November isn’t manipulated by voter fraud. My fear is that it will be.

You can rest assured that there will be fraud in favor of the Democrats in MD, NJ, IL, NY, MA, to name just the most egregious examples.

23 posted on 06/19/2012 8:01:40 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: from occupied ga

These polls could be true, and I second what you say. Also, most of the world is, still, “stuck with leftist politics” of some kind, too, with nearly all of the world’s “conservative political parties”, also, continuing to remain to the left (and, in many cases, to the far left) of “U.S. conservatism”.


24 posted on 06/19/2012 8:07:16 AM PDT by johnthebaptistmoore (The world continues to be stuck in a "all leftist, all of the time" funk. BUNK THE FUNK!)
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To: SeekAndFind
There will soon be no wealth to tax.

Zephaniah 1:18

Neither their silver nor their gold Shall be able to deliver them In the day of the LORD's wrath; But the whole land shall be devoured By the fire of His jealousy, For He will make speedy riddance Of all those who dwell in the land.

Ezekiel 7:19

They will throw their silver into the streets, And their gold will be like refuse; Their silver and their gold will not be able to deliver them In the day of the wrath of the LORD; They will not satisfy their souls, Nor fill their stomachs, Because it became their stumbling block of iniquity.

All that God has provided is being lost to history. We have brought our downfall by electing this son of a harlot named Obama.

25 posted on 06/19/2012 8:08:28 AM PDT by bmwcyle (Romney - not Obama - not a Conservative - not a real Christian)
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To: from occupied ga

Thank God for granting the wisdom to the founders to have the Electoral College.

It tends to isolate the effects of ‘rat fraud.


26 posted on 06/19/2012 8:10:35 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: dfwgator; All

http://www.heritage.org/research/factsheets/2012/06/how-will-taxmageddon-impact-you

Check out how much extra tax the democrats plan to filch in 2013 from those fellas behind the tree. What’s an extra $500 BILLION in taxes gonna do to your wallet?

http://www.heritage.org/issues/taxes/taxmageddon
Plenty of interesting reading.
This is 6 months away.
The sheeple figure Congress is gonna stop this before it happens....


27 posted on 06/19/2012 8:11:32 AM PDT by silverleaf (Every human spent about half an hour as a single cell)
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To: SeekAndFind

“The sample consisted of 1,007 adults sitting on their couches during a workday contacted by phone.”


28 posted on 06/19/2012 8:15:48 AM PDT by pabianice
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To: SeekAndFind

Why did these tax cuts have an expiration date?


29 posted on 06/19/2012 8:21:58 AM PDT by PauldArco
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To: from occupied ga
You can rest assured . . . .

I am not feeling "assured" by your claim. The thought that the democRATS will engage is such acts of fraud brings me NO rest.

30 posted on 06/19/2012 8:22:23 AM PDT by SoldierDad (Proud dad of an Army Soldier who has survived 24 months of Combat deployment.)
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To: PauldArco

RE: Why did these tax cuts have an expiration date?

A little history here...

Bush NEEDED support for his tax cut proposal because the country faced the double whammy of the DOT COM bubble burst ( and recession ) plus the 9/11 attacks (which exacerbated it ).

He was not expecting support from the Dems and he was getting opposition from the likes of John McCain.

Hence here comes the word -— COMPROMISE — was needed.

In Congress, it is always about compromise. In order to get it passed, Bush allowed a sunset provision (otherwise he would find it hard to get it passed in the first place ).

So, the Bush tax cuts had sunset provisions that made them expire at the end of 2010, since otherwise they would fall under the Byrd Rule ( named after the former KKK grand master ). The Byrd Rule is a Senate rule that amends the Congressional Budget Act of 1974 to allow Senators, during the Reconciliation Process, to block a piece of legislation if it purports significantly to increase the federal deficit beyond a ten-year term or is otherwise an “extraneous matter” as set forth in the Budget Act.

Most of the tax cuts were scheduled to expire December 31, 2010. Debate over what to do regarding the expiration became a regular issue in the 2004 and 2008 U.S. presidential elections, with Republican candidates generally wanting the cut rates made permanent and Democratic candidates generally advocating for a retention of the lower rates for middle-class incomes but a return to Clinton-era rates for high incomes.

This was resolved during the presidency of Obama by a two-year extension that was part of a larger tax and economic package, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

So here we are -— about to face its expiration next year....


31 posted on 06/19/2012 8:56:56 AM PDT by SeekAndFind (bOTRT)
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To: YankeeReb

By allowing the 2003 tax cuts to retire, President “Present” will be increasing the bottom rate from 10% to 15% and the 20% bracket to 25%.

Do the math with me:

Raising the 10% bracket to 15% represents what percentage of increase? Hint: The correct answer is NOT 5%.

Raising the 20% bracket to 25% represents what percentage of increase? Hint: The correct answer, again, is NOT 5%.

Finally, raising the 35% bracket to 39% represents what percentage of increase: Hint: The correct answer is NOT 4%.

Extra credit question: People in which tax bracket will see the largest percentage of increase in their taxes?

Extra extra credit question: People in which tax bracket will see the smallest percentage of increase in their taxes?

To those moving from the 35% to the 39% tax bracket...that’s roughly an 11% increase in taxes.

From 20% to 25%...that’s a full-blown 25% increase in taxes.

To those moving from the 10% bracket to 15%, their taxes will be increased by a whopping 50%.

So the low-income people get their taxes raised even more when seen as a percentage. And the rich folks lose a higher magnitude of money...but the percentage compared to what they already make is lower.


32 posted on 06/19/2012 9:41:48 AM PDT by TurboZamboni (Looting the future to bribe the present)
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To: TurboZamboni

Have you heard the joke about Abdul’s goats?

Have you also seen the study that showed that people were willing to accept harm to themselves as long as it harmed “the rich guy”?


33 posted on 06/19/2012 9:54:14 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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