Likely 2020 contenders and progressive members of Congress have proposed a variety of plans in recent days to make the rich pay more in taxes and begin reversing soaring inequality—from a wealth tax to a 70 percent top marginal rate to a higher estate taxon the richest families—and a survey published on Monday found that such ideas are extremely popular among the American public.
According to a new Politico/Morning Consult poll, 76 percent of registered voters believe that the wealthiest Americans should pay more in taxes, and 61 percent back Sen. Elizabeth Warren’s (D-Mass.) new proposal for an annual tax of two percent on assets over $50 million—which she dubbed the “Ultra-Millionaire Tax.” The poll found that even 50 percent of Republican voters support Warren’s plan.
While Rep. Alexandria Ocasio-Cortez’s (D-N.Y.) call for a 70 percent top marginal tax rate on the wealthiest Americans polled less favorably overall—garnering 45 percent support among all respondents—the new survey found that the proposal is extremely popular among Democratic voters, with 60 percent backing it.
Such high public support for hiking taxes on the richest Americans significantly undermines the claim that proposals like Warren’s are somehow too “radical” for the public to accept. As Common Dreams reported last week, billionaire former Starbucks CEO and possible 2020 presidential candidate Howard Schultz decried Warren’s plan as “ridiculous.”
“Proposals to boost taxes on the rich are not [a] left-wing fantasy,” Politico‘s Ben White noted on Twitter. “They are mainstream and really popular. Time to think about things differently.”
Proposals to boost taxes on the rich are not left wing fantasy. They are mainstream and really popular. Time to think about things differently. https://t.co/Cg7IBIK4SP
— Ben White (@morningmoneyben) February 4, 2019
Raising taxes on the wealthy isn't just good policy. It's also good politics. New polling shows 76% (!) of registered voters believe the wealthiest Americans should pay more. Smart piece here by @morningmoneyben. https://t.co/ObeOCaxkwa
— Chad Bolt (@chadderr) February 4, 2019
In an interview with Politico, Warren said she is not surprised by widespread public support for higher taxes on the richest Americans, who recently received yet another enormous gift in the form of President Donald Trump and the GOP’s tax cuts.
“It’s not surprising to me at all. Washington has been working so long for the billionaire class that people around here cannot imagine crossing them,” said the Massachusetts senator. “It never even becomes a topic of conversation. The ultra-millionaires have gotten so much from this country that it’s not unreasonable to ask them to give back a little bit.”
Mike Pence’s office blocks top health officials from CNN as punishment
Vice President Mike Pence has kept the nation's top health officials from appearing on CNN since the network stopped carrying the daily coronavirus briefings in their entirety.
The vice president's office, which is responsible for booking those officials to deliver pandemic information, told CNN that Dr. Deborah Birx or Dr. Anthony Fauci would not be permitted to appear on the network until it carries the briefings, including Pence's remarks, in full.
"When you guys cover the briefings with the health officials then you can expect them back on your air," a Pence spokesperson told CNN.
‘Well-spoken cultist’: Bill Barr trashed for praising ‘statesmanlike’ Trump and urging an end to COVID-19 lockdowns
During an interview with Fox News host Laura Ingraham Wednesday night, Attorney General Bill Barr praised President Trump's "statesman-like" effort at the "beginning" of the coronavirus epidemic where he "tried to bring people together" while "working with all the governors" -- a characterization that did not go over well with many of the President's critics on Twitter.
The Supreme Court is poised to extend gun rights at the worst possible time
“A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.” —Second Amendment to the United States Constitution
As the deadly COVID-19 contagion sweeps across the country, gun sales are surging, spurred in many regions by panic buying and purchases by first-time firearm owners. Fearful and insecure Americans are taking advantage of weak and ineffective gun-control laws and stocking up, as President Trump might say, “like never before.”