Tax the Rich Is Actually a Popular Bipartisan Stance, Poll Shows

[Yo_Mama_Been_Loggin]

(Bloomberg) -- The progressive rallying cry of “tax the rich” has morphed into a popular policy stance with voters in the key states that will decide the 2024 election, enjoying support even among those who prefer billionaire Donald Trump, according to the latest Bloomberg News/Morning Consult poll.

Fully 69% of registered voters in seven swing states say they favor higher taxes on billionaires, and they support higher income taxes on people who make more than $400,000 a year by the same margin, a potential boon to Democratic President Joe Biden’s economic agenda if he wins a second term.

Biden is proposing a new tax to squeeze more from America’s richest families. That’s in addition to his plan to raise the 21% corporate rate, which 51% of swing-state voters backed in the poll conducted March 8-15.

The strong support for more taxes on billionaires shows up across party lines in the survey with 58% of Republicans, 83% of Democrats and 66% of independents approving of the idea.

https://www.yahoo.com/news/tax-rich-actually-popular-bipartisan-090026260.html

[Marcus IM]

1. tRump said he was going to tax the hell outta the Wall Street guys, especially the hedge fund guys.

Of course, anyone who can sus out shit from shinola knew he was lying.

[oldsoftie]

2. Great; get rid of the tax code & start over. Its ridiculous.

ALL real income should be treated the same. A minimum rate of "X" should be paid regardless of losses; they can be carried forward.to another year. Especially when things like depreciation aren't REAL losses at all.
If we did away with the nonsense we could raise more revenue with an even LOWER rate.
And we need a national sales tax to tax the TRILLIONS of dollars that the govt never sees because its not W2 or 1099
Or we can keep playing with rates & the same old shit and watch the Debt continue to rise out of control because too many people pay little or NO income taxes.

[dweller]

3. LOL can't wait to hear

PISSWIG advocate raising taxes on himself …

He’ll choke stammering


✌🏻

[MichMan]

4. Further down....

While voters support the higher income and corporate taxes, it’s Trump whom poll respondents say they trust more to handle tax policy, with the former president leading Biden 47% to 35% across the seven states surveyed.

The support for populist-inspired tax policy could also weigh on debates in Congress next year, no matter who wins the election, when lawmakers will be faced with a choice to extend Trump’s 2017 tax cuts for individuals and privately owned businesses or let them lapse. Only 32% of poll respondents said they support letting those tax cuts expire as scheduled at the end of 2025.

One idea that is likely to be a key tension point in Congress is whether to increase the $10,000 cap on state and local tax, or SALT, deduction. Trump’s 2017 law limited the tax break, which is primarily beneficial to people living in high-tax areas like New York and California.

Some 42% of poll respondents approve of increasing the amount of the deduction, a goal of many Democrats in Congress, even though only about 11% of households are eligible to claim the deduction. That suggests many people who don’t personally benefit from the SALT write-off support expanding it.