On the recordSeptember 22, 2010
I found it of interest that a couple surveys--one of economists and one of Americans generally--throw more cold water on the idea that we should be raising taxes on any Americans. I wish to report, first of all, a CNBC poll which just came out today. The headline is ``Most Americans Want All Bush Tax Cuts Extended.'' Well, that is another way of saying: We should not raise taxes on any Americans. I will just quote from two lines: In the new poll released this week, 55 percent said that ``increasing taxes on any Americans will slow the economy and kill jobs''. . . .Only 40 percent said the Bush-era tax cuts should be canceled for higher earners. . . . One other interesting statistic is that the poll showed that ``55 percent of Americans said [President] Obama's overall economic plans have made things worse so far.'' This poll is consistent with every other we have seen. Most Americans do not believe we should be raising taxes on anyone--on the wealthy, on businesses, on others, on anyone. I think most of them get the fact that if you start raising taxes, particularly in the middle of a recession, you are going to kill economic recovery and certainly slow the creation of more jobs.
