RSSCapital Gains Tax Increase Not Popular
J.J. Jackson* | May 3, 2008
Poll after poll show that specific proposals by the Democrats are very unpopular … but people still think they are the better choice when given a “generic” option of R’s versus D’s. Which makes you wonder what people are smoking and if they are just being pig headed and don’t want to admit that the Democrats do not see things the way they do and justify supporting them.
The latest Rasmussen Reports national telephone survey found that 65% of Likely Voters oppose an increase in the Capital Gains tax. Just 16% favor an increase, while a fifth of voters are not sure (see Scott Rasmussen’s video report).
Eighty-five percent of Republicans oppose an increase in the capital gains tax along with 50% of Democrats and 62% of those not affiliated with either major party.
Fifty-two percent (52%) believe hiking the capital gains tax would hurt the economy. Just 17% say it would help the economy while 18% say it would have no impact. Republicans overwhelmingly believe raising this tax would harm the economy along with a plurality of Democrats.
Most voters, 56%, own at least $5,000 worth of stocks, bonds, or mutual funds and would be directly impacted by an increase in the capital gains tax. Not surprisingly, 71% of these investors are opposed to a capital gains tax increase.
Democrats like Barack Obama have suggested increasing this tax. But I doubt you’ll see only 35% of Americans vote for him. More tomorrow about how people don’t agree with Democrats but keep voting fore them so stay tuned …
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[…] PTBC: If everything seems under control, you’re not going fast enough. - Mario Andretti wrote an interesting post today on Capital Gains Tax Increase Not PopularHere’s a quick excerptDemocrats like Barack Obama have suggested increasing this tax. But I doubt you’ll see only 35% of Americans vote for him. More tomorrow… […]
Only, i think it was 30% last time i checked, of the population agrees with the war in Iraq, but i doubt you’ll see only 30% of the population voting for McCain either. Elections are based on more than just one issue, or one aspect of issues (taxes or war). Obama and McCain both hold unpopular views, but Obama holds less unpopular views than McCain, which is why he will win.
If a socialist/fascist state is indeed “less unpopular” than McCain’s socialist state then we deserve what we get. Make no mistake, Obama is promoting a socialist/fascist state.
It’s all well and good to try to figure out what all the chicken hawks who couldn’t wait to take out Saddam years ago and supported the war think now that the war wasn’t over in a year. But it is highly irrelevant except to show how uncommitted to causes Americans can be.