President Obama’s plan to raise taxes on the wealthiest Americans as a method of paying for the American Jobs Act has gained some considerable support from the American public, according to recent poll figures.
A new poll released by Gallup found that seven in ten Americans favor increasing taxes on corporations by eliminating tax loopholes. Additionally, 66 percent also favor proposed tax rate increases on individuals earning more than $200,000 and families earning more than $250,000.
Among conservative voters, 53 percent agree on eliminating corporate tax deductions while just 41 percent favor tax hikes on individual and household incomes. Comparatively, nearly 86 percent of Democrats and those leaning to the left favor hiked taxes on both entities.
Additionally, poll figures found that Americans generally approve of the President’s jobs plan. Most notably, a proposal that would provide tax cuts for small businesses , which includes incentives to hire workers, garnered wide bipartisan support with Republican and Democratic voters, 84 and 87 percent, respectively.
Results are based on telephone interviews conducted between Sept. 15-18 with a random sample of 1,004 adults over the age of 18.