A majority of millionaires support Sen. Elizabeth Warren’s proposed tax on large wealth, according to a new survey. Fully 60% of millionaires support Warren’s plan for taxing the wealth of those who have more than $50 million in assets, according to the CNBC Millionaire survey. CONT. Robert Frank, CNBC Read more »
How Americans’ Economic Views Define — and Defy — Party Lines
Americans hold varying beliefs about the causes of inequality and the role of wealthy people in society. These stories largely break down along partisan lines. Democrats generally emphasize an unfair economy and the negative effects of wealth. Republicans commonly attribute economic fortunes to hard work and talent, and see wealthy […] Read more »
5 reasons why income inequality has become a major political issue
Income inequality has captured America’s economic debate. President Donald Trump, elected with the votes of discontented blue-collar workers, slaps tariffs on allies and adversaries alike in the name of restoring yesterday’s middle-class manufacturing jobs. His 2020 Democratic challengers demand an array of federal initiatives, including higher minimum wages, tax hikes […] Read more »
Framing the Economic Debate
… How can progressives frame the economic debate on their own terms? All conservatives want to talk about is capitalism and socialism, but in doing so, they expose one of their greatest weaknesses – support for an economic system that puts the wealthy ahead of regular people. CONT. – pdf […] Read more »
Public Opinion and the 2017 Tax Law
The 2017 Tax Cuts and Jobs Act (TCJA) is not turning out like President Donald Trump and the Republicans hoped it would — at least, based on the public opinion data we have to date. Americans remain more likely to disapprove than approve of the law, with 49% approval and […] Read more »
Americans don’t see the benefits of the Republican tax law in their own returns
… When Navigator conducted its survey over the first week of April, most (71%) of respondents had done their taxes, ahead of the April 15th deadline – marking the first tax filing season after the full implementation of the 2017 Republican tax law. Progressives have consistently argued the law was […] Read more »