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Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
The wealthy aren't paying enough in federal taxes.
So said 68 percent of respondents to a new Associated Press-GfK poll (pdf). Sixty percent of respondents also said that the middle class is paying too much in federal taxes, and 41 percent held that belief about low-income households.
President Obama outlined last month a proposal to raise the capital gains tax on those with incomes over $500,000. A majority of poll respondents--56 percent--said they were in favor of such a proposal.
Obama's plan was to increase the capital gains tax rate to 28 percent--the rate they were set at under President Reagan-- which Dave Johnson of Campaign for America's Future described as "a huge step in the right direction."
Widespread support for the plan makes sense, as the majority of Americans see inequality as growing, and a previous study found capital gains to be the biggest contributor to income inequality.
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
The wealthy aren't paying enough in federal taxes.
So said 68 percent of respondents to a new Associated Press-GfK poll (pdf). Sixty percent of respondents also said that the middle class is paying too much in federal taxes, and 41 percent held that belief about low-income households.
President Obama outlined last month a proposal to raise the capital gains tax on those with incomes over $500,000. A majority of poll respondents--56 percent--said they were in favor of such a proposal.
Obama's plan was to increase the capital gains tax rate to 28 percent--the rate they were set at under President Reagan-- which Dave Johnson of Campaign for America's Future described as "a huge step in the right direction."
Widespread support for the plan makes sense, as the majority of Americans see inequality as growing, and a previous study found capital gains to be the biggest contributor to income inequality.
The wealthy aren't paying enough in federal taxes.
So said 68 percent of respondents to a new Associated Press-GfK poll (pdf). Sixty percent of respondents also said that the middle class is paying too much in federal taxes, and 41 percent held that belief about low-income households.
President Obama outlined last month a proposal to raise the capital gains tax on those with incomes over $500,000. A majority of poll respondents--56 percent--said they were in favor of such a proposal.
Obama's plan was to increase the capital gains tax rate to 28 percent--the rate they were set at under President Reagan-- which Dave Johnson of Campaign for America's Future described as "a huge step in the right direction."
Widespread support for the plan makes sense, as the majority of Americans see inequality as growing, and a previous study found capital gains to be the biggest contributor to income inequality.