New Poll Finds Majority of Americans Across Political Spectrum Back Warren's Ultra-Millionaire Tax
New polling results released Friday find broad support for Sen. Elizabeth Warren’s proposed wealth tax, with Americans across most demographic groups backing her plan to impose an annual two percent tax on wealth over $50 million.
In her primary campaign for the 2020 Democratic presidential nomination, the Massachusetts Democrat has harshly criticized some of the wealthiest Americans for complaining about the tax, whose revenue she plans to use to pay for a universal childcare program, student debt forgiveness, and tuition-free public college.
Sixty-three percent of Americans support the wealth tax, including 77 percent of Democrats, more than half of Independent voters, and 57 percent of Republicans.
College-educated Republican men—who are more likely than people in other demographics to be affected by Warren’s wealth tax—were the only group in the New York Times/SurveyMonkey poll who reported disapproval of the plan, with 41 percent opposing it.
As the Times reported, such wide support for any tax hike plan is rare; just 45 percent of Americans backed President Donald Trump’s tax plan in 2017, whose benefits mainly went to corporations and the wealthy.
On social media, political observers called the diverse coalition of supporters for the plan “remarkable.”
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