Nov
20
2009

LAT: 'Risky' Tax Hikes on Wealthy

A headline in today's Los Angeles Times (11/20/09): "Democrats Risk Taxing the Wealthy for Healthcare."

The paper explains:

Embracing the progressive–and sometimes politically risky–principle that the cost of carrying out public policies should fall to the well-off more than the disadvantaged, both the House and Senate bills would place new taxes on the wealthy to help pay for expanded insurance coverage.

Since mostly people aren't "well-off," and raising taxes on the wealthy tends to be rather popular with most people, what exactly is the political risk here? Surely the article will tell us. Oh, here it is:

In a recent Associated Press poll, 57 percent of those surveyed favored taxing people who earn more than $250,000 a year to pay for the healthcare overhaul. Of a variety of financing options tested in the survey, that tax was the only idea supported by a majority.

In other words, the not-very-risky idea of raising taxes on the wealthy.

About Peter Hart

Activism Director and and Co-producer of CounterSpinPeter Hart is the activism director at FAIR. He writes for FAIR's magazine Extra! and is also a co-host and producer of FAIR's syndicated radio show CounterSpin. He is the author of The Oh Really? Factor: Unspinning Fox News Channel's Bill O'Reilly (Seven Stories Press, 2003). Hart has been interviewed by a number of media outlets, including NBC Nightly News, Fox News Channel's O'Reilly Factor, the Los Angeles Times, Newsday and the Associated Press. He has also appeared on Showtime and in the movie Outfoxed. Follow Peter on Twitter at @peterfhart.