Bipartisan Support for Raising Federal Taxes on the Super Wealthy in Battleground States
A new survey conducted by the University of Maryland's Program for Public Consultation reveals bipartisan support among voters in competitive states and districts for increasing federal taxes on high-income earners and the ultra-wealthy. The findings indicate that majorities of both Democrats and Republicans favor imposing a wealth tax, raising capital gains taxes, adjusting estate tax exemptions, increasing income taxes on those earning over $1 million annually, and taxing hedge fund managers' income like ordinary income. The proposed policies could collectively generate an estimated $455 billion in new federal revenue. These include a 2% annual tax on wealth above $50 million ($3% for assets exceeding $1 billion), applying the same tax rate to capital gains as regular income, reducing the estate tax exemption from $15 million to $5 million, and increasing taxes on high-income earners. The survey is part of an ongoing series examining bipartisan policy support ahead of upcoming elections. The results highlight a rare area of agreement between political parties in key battlegrounds across the U.S., with over 20,000 respondents surveyed nationally as well as within specific states and House districts.
Topics: federal revenue political polling taxation wealth inequality