From Coast-To-Coast, Voters Reject Anti-Tax Hysteria

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"From Coast-To-Coast, Voters Reject Anti-Tax Hysteria"

American voters last night, while re-electing President Obama and keeping the Senate and the House with their current parties, largely rejected the anti-tax extremism that has seized the right. In addition to re-electing Obama, who had promised to let the Bush tax cuts for the richest 2 percent of Americans to expire, voters rejected several anti-tax ballot questions. Here’s a rundown:

60 Percent of Americans favor tax hikes: According to exit polls, six out of ten Americans believe that taxes need to go up, while “only about a third of voters said taxes should not be increased at all.” One in seven said that taxes need to go up on all Americans.

Florida rejects Amendment 3: Amendment 3, which would have limited public spending and revenue collection via a flawed formula, while requiring supermajorities to override the limits, was easily defeated. The amendment needed 60 percent approval to take effect, but received just 42 percent of the vote.

Supermajority requirement crushed in Michigan: A proposal to implement a requirement that tax increases receive a supermajority vote in the state legislature was rejected by a vote of 69 percent to 31 percent.

California approves $6 billion tax increase: California approved both an increase in the sales tax and a tax increase on those making more than $250,000 per year, with the money hopefully preventing cuts to the state’s university system. California, of course, has been the epicenter of nonsensical anti-tax ballot questions for decades.

Oregon rejects estate tax cut: Oregon voters defeated a ballot measure that would have eliminated the state’s estate tax, which is levied on inheritances of more than $1 million.

Only Washington state passed an extreme anti-tax measure, requiring a supermajority vote to increase revenue. Voters also rejected an increase in the cigarette tax in Missouri.

Speaker of the House John Boehner (R-OH), meanwhile, is already trying to take tax increases off the table, asserting that the House Republicans’ hold on the lower chamber means there is “no mandate for tax increases.”

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