The latest USA Today/CNN/Gallup Poll suggests broad public support for the key elements of the Administration’s economic stimulus bill. The public supports each aspect of the proposal, by the following margins:
Accelerating income tax cuts: 65% to 32%
Reducing taxation on dividends: 58% to 37%
Expanding tax credits for families with children: 86% to 12%
Reducing the marriage penalty: 80% to 18%
Tax incentives for business investment: 65% to 31%
There are lots more poll data that are worth a look. Generally, the numbers indicate that a substantial majority of Americans both favor tax cuts and believe that they will help the economy. The Democrats will of course try to chip away at these numbers, but the instinctive popularity of tax cuts is hard to fight. The Democrats will posture themselves as also favoring tax cuts, only different, smaller and temporary ones. I doubt this will work much better for them than the “me too, only less” policies of the Rockefeller Republicans worked in the dark days of the 50’s and 60’s.
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