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Obama's Compromise on Extending Highest-Income Tax Cuts Unpopular in Poll
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| Contributor | ArmyDem |
| Last Edited | ArmyDem Dec 09, 2010 01:54am |
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| Category | News |
| News Date | Wednesday, December 8, 2010 07:00:00 AM UTC0:0 |
| Description | By John McCormick and Julianna Goldman - Dec 8, 2010 11:29 AM ET
Americans don’t approve of keeping the breaks for upper-income taxpayers that are part of the deal President Barack Obama brokered with congressional Republicans, a Bloomberg National Poll shows.
The survey, conducted before, during and after the tax negotiations, shows that only a third of Americans support keeping the lower rates for the highest earners. Even among backers of the cuts for the wealthy, fewer than half say they should be made permanent.
Another third say they want only the tax cuts for the middle class to be extended, while more than a fourth say all the tax cuts should be allowed to expire Dec. 31, as scheduled.
The agreement Obama announced Dec. 6 would temporarily sustain the tax cuts for all income levels. The president said the compromise was needed to break a deadlock with congressional Republicans who vowed to block tax cuts for middle-income Americans if those for individuals earning more than $200,000 and couples earning more than $250,000 weren’t extended, too.
“I’m as opposed to the high-end tax cuts today as I’ve been for years,” Obama told reporters yesterday. “In the long run, we simply can’t afford them. And when they expire in two years, I will fight to end them.”
Still, many of the respondents in the poll conducted Dec. 4-7 said they wouldn’t support the compromise. |
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