As the U.S. government seeks to pay for huge government spending with revenue increases, a new Rasmussen poll shows that most Americans believe taxes are too heavy and oppose the government’s tax increases.
The Rasmussen Polling Center released the results of two polls conducted by the polling center in March on Saturday, March 20, in which 1,200 registered voters were polled March 11-12, showing that 52 percent of U.S. respondents oppose government tax increases; 28 percent favor government tax increases to rebuild critical infrastructure such as roads, bridges and ports, and less than 20 percent Less than 20 percent of respondents agreed that the government should raise taxes to address climate change, and 16 percent of respondents said they supported a tax increase to reduce the national debt.
The poll, conducted March 16-17 by the polling center among 1,000 U.S. adults, showed that 51 percent of respondents believe their tax burden is higher than they should bear, and only 27 percent of the American public believes they bear a lower tax burden than they should.
Biden administration ready to raise taxes on those earning $400,000 a year
U.S. Treasury Secretary Janet Yellen (D-Mass.) recently said Biden is considering increasing the tax burden on wealthy Americans and corporations to fund his administration’s infrastructure program. Democratic Rep. Jon Garamendi (D-N.Y.) said in a recent interview that Biden wants to finance his infrastructure projects by increasing taxes on fuel and carbon emissions.
It is reported that the Biden Administration has not yet valued its infrastructure projects, but analysts speculate that the cost is between $2 trillion and $4 trillion.
Biden has said the administration is prepared to raise taxes on people earning more than $400,000 a year and restore the U.S. corporate tax to 39.6 percent under President George W. Bush Jr. But he expects the administration’s policy will have difficulty gaining Republican support, so he is prepared to rely entirely on Democrats to pass the bill, as he did for the $1.9 trillion Epidemic relief program.
In response, Senate Minority Leader Mitch McConnell said on Thursday, March 18, that the Biden administration could stuff the infrastructure bill with a lot of spending bills that are not related to infrastructure at all, and that the bill would not get any support from Senate Republicans.
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