Economy

Majority Of Americans Support Higher Taxes On Wealthy To Pay For Programs That Help The Poor

CREDIT:

A majority of Americans — 56 percent — think tax rates on the wealthy should be high so that the country can help pay for programs that help the poor, according to a new poll from CNN. Only 36 percent say that taxes should be kept low on the wealthy because they are the ones who spur investment and job creation, the poll found. According to the Internal Revenue Service, tax rates for the richest Americans fell again in 2010, continuing a long-term trend. As Republicans and Democrats debate how to avoid the end-of-year package of spending cuts and tax increases, majorities across party lines, including 52 percent of Republicans and 60 percent of independents, support a deal that includes both spending cuts and tax increases.