Politics 50 Percent of Republicans Back Tax Hikes on Wealthiest Americans to Fund Biden's Agenda

11:10  16 october  2021
11:10  16 october  2021 Source:   newsweek.com

Poll: Biden's job approval falls to new low as Dems struggle to pass popular agenda

  Poll: Biden's job approval falls to new low as Dems struggle to pass popular agenda The survey of 1,640 U.S. adults, which was conducted from Oct. 1 to Oct. 4, found that Biden’s approval rating has slipped another 3 points since mid-September, to 42 percent — his lowest yet. Yahoo News and YouGov polled immediately after Democratic moderates and progressives failed to agree last week on the size and scope of Biden’s signature Build Back Better proposal, which would invest trillions of dollars in so-called human infrastructure, such as childcare, education and combating climate change. As a result, House Speaker Nancy Pelosi was forced to cancel a planned vote on a related $1.

While Republican lawmakers in Congress remain largely opposed to much of President Joe Biden's Build Back Better plan, as well as the tax increases proposed to pay for it, half of GOP voters appear to be supportive, according to a new poll.

President Joe Biden speaks about his Build Back Better economic plans after touring McHenry County College in Crystal Lake, Illinois on July 7. © SAUL LOEB/AFP via Getty Images President Joe Biden speaks about his Build Back Better economic plans after touring McHenry County College in Crystal Lake, Illinois on July 7.

Democrats are attempting to pass the bulk of Biden's agenda through a large reconciliation package, which would not require any Republican lawmakers' votes to pass. The initial proposal was for $3.5 trillion in spending to fund universal pre-kindergarten, two years of free community college, expanded health care, lower prescription drug costs, extended child tax credits and initiatives to address climate change.

Here are the key parts of Democrats' $3.5T budget resolution

  Here are the key parts of Democrats' $3.5T budget resolution Senate Democrats on Monday unveiled a $3.5 trillion budget resolution they aim to pass without Republican support, paving the way for boosting spending in a number of key areas in line with the president's legislative agenda through a process called reconciliation. Democrats say the massive spending framework would unlock funding for universal pre-K and tuition-free community college while making investments in public housing and clean energy efforts and expanding health care.

While some moderate Democrats have opposed the high price tag, progressives have insisted that the entire package will be paid for through tax increases on the wealthy. New polling from Vox and Data for Progress suggests that the majority of Democrats and independents—and half of Republicans—approve of a tax hike on the wealthiest Americans to fund the plan.

Among Republicans surveyed, 50 percent said that they support raising taxes on the wealthiest 2 percent of Americans to fund the plan that could cost up to $3.5 trillion. Meanwhile, 86 percent of Democrats polled and three-quarters (75 percent) of independents approved of the idea. Overall, 71 percent of respondents backed a tax hike targeting the top 2 percent.

An even bigger chunk of Republicans approved of raising taxes on Americans earning more than $1 million annually from selling stocks and bonds. Well over half (55 percent) of GOP voters supported that proposal. Meanwhile, 85 percent of Democrats and 72 percent of independents did as well. That tax increase idea was supported by 72 percent of all voters surveyed.

The ‘Year Two’ Curse

  The ‘Year Two’ Curse Even when the president’s party passes historic legislation, voters don’t seem to care.Over those two years, the 89th Congress, finally completing a crusade started by Harry Truman almost two decades earlier, created the massive federal health-care programs of Medicare for the elderly and Medicaid for the poor. It put a capstone on the civil-rights revolution by approving the Voting Rights Act. It created the first large-scale system of federal aid to elementary and secondary schools and launched the Head Start program. It approved breakthrough legislation to combat pollution in the air and water.

Raising taxes on large corporations was also popular with the majority of Democrats and independents, as well as a sizable minority of Republicans. Again, 86 percent of Democrats approved of increasing taxes on large corporations from a rate of 21 percent to 28 percent. Among independents, 61 percent backed the proposal as did 44 percent of Republicans. But a higher percentage (48 percent) of GOP voters opposed the idea.

Representative Pramila Jayapal, a Washington Democrat and chair of the Congressional Progressive Caucus, pushed back against concerns over the reconciliation package's high price tag by pointing to the proposed tax increases.

"Reminder: The Build Back Better Act is FULLY paid for," Jayapal tweeted Friday. "We're going to deliver for working people by taxing the ultra-rich AND by tackling Big Pharma's greed."

Joe Manchin Hates Spending More Than He Loves Children

  Joe Manchin Hates Spending More Than He Loves Children The child tax credit represents one of the most effective youth anti-poverty efforts in modern history, a sweeping program that has fulfilled the too-often-made promise to lift all boats. Sen. Joe Manchin is trying to drown it in the Potomac. For a few heady days last week, it looked like House Progressives and the Senate’s two conservative Democrats might actually find a consensus price tag for Joe Biden’s signature Build Back better package. But that was before Machin another hundred yards onto the football field Sunday with a new, GOP-approved demand that Democrats incorporate aggressive means testing and strict work requirements to keep a proposed expansion of the po

How the reconciliation legislation moves forward remains to be seen. Moderate Democratic Senators Joe Manchin and Kyrsten Sinema have said they are unwilling to go as high as $3.5 trillion. President Joe Biden and Democratic leaders have suggested they could still pass a package of about $2 trillion, but what priorities will be removed are under discussion.

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Multimillion-dollar tax-free activists want to soak the rich with Biden’s agenda .
Groups secretly representing the Left’s most powerful and well-heeled “dark money” network are pressuring Congress to pass President Joe Biden’s expansive “Build Back Better” agenda, claiming it’ll force the rich to pay their fair share. © Provided by Washington Examiner Who are they kidding? Tax March, which calls itself “a grassroots effort to demand accountability and tax fairness,” launched a $2 million advocacy campaign last month demanding Republicans support the Biden agenda, accusing them of shielding the wealthy and big companies at the expense of the poor and middle class.

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