Just more than half of Americans support the “Buffet Rule
,” which would require the wealthy to pay more taxes
, according to a CBS News/New York Times poll released Tuesday.
Fifty-two percent of survey respondents said income generated by investments should be taxed at the same rate as income earned through labor. Fewer than 4 in 10 said they support the current tax system, which taxes investment, or unearned, income at about 15 percent and earned income at a higher rate.
More than half, 55 percent, of Americans said they think the wealthy pay less than their fair share of taxes.
The poll found a deep split along party lines on the tax issue. While 55 percent of Republicans said they support the current tax rules, 66 percent of Democrats said they want a system where investment income is taxed at the same rate as earned income.
In addition, 70 percent of Democrats said the wealthy
don’t pay enough in taxes, while just 37 percent of Republicans agreed.
In last night’s State of the Union
address, President Barack Obama made a push for changing the tax rates on the wealthy, while Warren Buffet’s secretary — who pays a higher tax rate than her billionaire boss — sat with the first lady.