Monday, December 13, 2010
70% of Americans say it is OK to raise taxes in a recession
According to a poll by Bloomberg News, 70% of Americans would favor increased taxes on Wall St profits and outright banning of bonuses.
More than 70 percent of Americans say big bonuses should be banned this year at Wall Street firms that took taxpayer bailouts, a Bloomberg National Poll shows.That American sense of fair play at work. The US Treasury saved Wall St's ass, now it is time to return the favor.
An additional one in six favors slapping a 50 percent tax on bonuses exceeding $400,000...
Seven of 10 Americans say it’s Wall Street’s turn to help bail out the government Treasury, supporting a tax on Wall Street profits as a way to reduce the $1.3 trillion deficit. By comparison, 43 percent favor a freeze on spending for items like education and medical research, 33 percent would cut farm subsidies, 25 percent back a new tax on gasoline, and 15 percent would reduce benefits in the Medicare health insurance program for the elderly.
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