Most Americans Want All Bush Tax Cuts Extended
By John D. McKinnon
A new CNBC poll gives a boost to Republicans – along with some Democrats – who want to maintain the Bush-era tax breaks.
In the new poll released this week, 55% said that “increasing taxes on any Americans will slow the economy and kill jobs,” CNBC said. Only 40% said the Bush-era tax cuts should be canceled for higher earners, as President Barack Obama advocates. Obama and congressional Democratic leaders want to allow the Bush-era breaks to expire for families earning more than $250,000 beginning next year. But they’ve run into opposition from Republicans as well as a growing number of centrist Democrats.
Other recent polls generally have showed significant public support for maintaining current tax levels on higher earners. But it’s usually fallen short of an outright majority.
The CNBC poll also showed significant erosion of support for placing more regulation on business. Eighteen months ago, 47% said increased regulation would be good for the economy. Now, only 34% say so.
In addition, 55% of Americans said Obama’s overall economic plans have made things worse so far.
Still, while his policies didn’t fare so well, Obama’s job-performance approval hasn’t changed much recently. His approval rating stands at 47%, with 49% disapproving of his performance. That’s basically unchanged from July’s 48%-49%, and down a bit from April’s 50%-48%.
Elections 2010
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