Majorities of Democrats, independents in favor, Republicans oppose
by Frank Newport
PRINCETON, NJ -- Six in 10 Americans favor Congress passing the so-called "Buffett Rule," which would mandate a minimum 30% tax rate for Americans with a household income of $1 million per year or more. Majorities of both Democrats and independents favor the policy, while a majority of Republicans oppose it.
Given President Obama's persistent emphasis this year on the need to increase taxes on higher-income Americans, and his adoption of a "fair share, fair shot, equal playing rules" campaign theme, it is not surprising to see that Democrats favor the Buffett Rule by almost a three-to-one ratio. More than six in 10 independents, a critically important group in an election year, favor the law. Republicans oppose the law by an 11-point margin, with 54% against and 43% in favor.
Americans in general say that the distribution of money and wealth in this country is not fair, and that money and wealth should be more evenly distributed. Plus, 59% of Americans last year agreed that households making $250,000 or more per year should pay higher taxes. The current results reinforce these findings and underscore the now well-documented conclusion that Americans in general support various proposals for increasing taxes on higher-income Americans.