Raising Taxes on Rich Seen as Good for Economy, Fairness

Jul 17, 2012

By two-to-one (44% to 22%), the public says that raising taxes on incomes above $250,000 would help the economy rather than hurt it, while 24% say this would not make a difference. Moreover, an identical percentage (44%) says a tax increase on higher incomes would make the tax system more fair, while just 21% say it would make the system less fair.

Most Democrats say raising taxes on incomes over $250,000 would help the economy (64%) and make the tax system more fair (65%).  Republicans are more divided: 41% say this would hurt the economy, while 27% say it would help and 24% it would make no difference. And while 36% of Republicans say raising taxes on incomes over $250,000 would make the tax system less fair, 30% say this would make no difference and 25% say it would make the tax system more fair.

The latest national survey by the Pew Research Center for the People & the Press, conducted July 12-15 among 1,015 adults, finds that 58% identify Barack Obama as the presidential candidate who favors raising taxes to incomes above $250,000. Republicans (66%) and Democrats (64%) are more likely than independents (53%) to correctly associate Obama with this proposal.

Read the full report, Raising Taxes on Rich Seen as Good for Economy, Fairness, on the Pew Research Center for the People & the Press' website.

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