Poll: Most Americans Oppose Extending Tax Cuts For Wealthy
Given the extent to which the Obama Administration has consistently retreated in the face of Republican opposition to their efforts to limit the extension of the Bush tax cuts to the middle class, it’s definitely interesting that the public seems to agree with them even though they are losing:
Republicans have argued that the midterm elections have given them a mandate on what they are calling one of the most important issues facing America, the extension of the Bush-era tax cuts.
“The American people want us to stop all the looming tax hikes and to cut spending, and that should be the priority of the remaining days that we have in this Congress,” incoming House Speaker Rep. John Boehner said Thursday. Boehner added that a House vote Thursday to extend the cuts for all but the highest-earning Americans amounted to “chicken crap.”
According to a new CBS News poll, however, Boehner is off-base in his claim that Americans “want us to stop all the looming tax hikes.”
The poll finds that 53 percent of Americans want the Bush-era tax cuts extended only for households earning less than $250,000 per year. That roughly matches the proposal put forth by the White House, which wants to extend the cuts only for incomes less than $250,000 for families and $200,000 for individuals.
Just 26 percent of Americans say they support extending the cuts for all Americans, even those earning above the $250,000 level, which is the GOP proposal.
Another 14 percent of Americans say the cuts should expire for all Americans. The Treasury Department says the cost of making the cuts permanent for everyone is $3.7 trillion over a decade. The White House plan which would not extend the cuts on high earners would cost an estimated $3 trillion over ten years.
Frankly, the fact that they are losing this fight under these circumstances just seems to be yet more proof of the political incompetence of the Obama Administration.