Over 60 per cent of Americans favor Obama's tax hike on the wealthy
Linkedin

Over 60 per cent of Americans favor Obama's tax hike on the wealthy

Washington : DC : USA | Apr 16, 2012 at 8:47 AM PDT
XX XX
Views: Pending
 
9. 5 PEOPLE CAN END HUNGER

The plan is nicknamed the Buffet rule after billionaire Warren Buffet. Buffet noted he paid a lower tax rate than his secretary. The Obama plan would raise the tax rate on those earning more than a million a year.

Obama claims the tax would reduce the inequality between the top one per cent and the other 99 per cent of Americans. His proposal will no doubt be defeated in the senate probably today (Monday 16th of April). However this is fine with Obama since he can then campaign on the theme that the Republicans support and represent the rich one per cent of Americans. 37 per cent oppose the Obama tax.

Independents actually support the tax by over 60 per cent, a good sign for the Democrats. Only the Republicans have a majority opposing the plan at 54 per cent while even among them 43 per cent approve.

A Republican spokesperson said:"Democrats can talk about this tax hike until they're blue in the face, but Americans are looking for solutions on jobs, gas prices and the deficit, and this gimmick doesn't offer a solution to any of them." Polls show that the Republicans may have a point. Only one per cent of Americans found the gap between rich and poor was the U.S. number one issue. Most found the economy, jobs, and problems with government more important. For more see this article.

1 of 4
Next
Barack Obama wants Republicans to agree to tax hikes for the wealthy
Barack Obama wants Republicans to agree to tax hikes for the wealthy
northsunm32 is based in Brandon, Manitoba, Canada, and is an Anchor for Allvoices.
Report Credibility
 
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
 
 
 
Advertisement
 

News Stories

 
  • Republicans block ‘Buffet Rule' tax proposal for the rich

      Russia Today
    Pending the outcome of the presidential election in November, Tuesday night's State of the Union address could very well be Barack Obama's last. Republicans block Buffet Rule' tax proposal for the rich Published: 17 April, 2012, 05:07 US President...
  • Crowley: Buffett rule wins for Obama

    The Senate on Monday will not get the 60 votes needed to move ahead with the so-called Buffett Rule, which makes critics think the White House spent a week pushing it just to make a political point...It's also the kind of icky suggestion serious...
  • Crowley: Buffett Rule would barely dent debt but fits nicely into Obama's ...

    The Senate on Monday will not get the 60 votes needed to move ahead with the so-called Buffett Rule, which makes critics think the White House spent a week pushing it just to make a political point...It's also the kind of icky suggestion serious...
  • Congress to Vote on Buffet Rule

      Epoch Times
    April 16, 2012 Congress returns from its congressional spring break this week, and a first order of business will be voting on the controversial Buffet Rule, which the Obama administration has pursued despite a likely defeat in the House. Formally...
  • So-called Buffett rule won't hurt U.S. economy: Geithner

      The Globe & Mail
    A proposal to impose at least 30 per cent income tax on Americans making more than $1-million per year will not hurt the economy by stifling investment and growth, U.S...The so-called Buffett rule, a tax plan proposed by President Barack Obama to...
  • Obama's Buffett rule impact on taxes, jobs

      AP Online
    President Barack Obama's proposal to impose a "Buffett rule" tax on the rich is generating enormous political wattage, but the plan itself would directly affect only a tiny fraction of Americans. Only around 210,000 taxpayers — a bit...

Blogs

 >

Images

 >
 

More From Allvoices

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report



Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.