Today's Employment Graphs from Calculated Risk
Economists Learning Nothing and Forgetting Nothing

Can Obama Really Lose a Fight When He Has Two-Thirds of Voters on His Side?

Faiz Shakir:

TCBS Poll Finds Only 46 Percent Of Republicans Support GOP’s Stand On Extending Bush Tax Cuts For Rich: A CBS News poll released last night finds that 53 percent of Americans want the Bush-era tax cuts “extended only for households earning less than $250,000 per year,” a position that was advanced by a House vote yesterday. Another 14 percent want to expire all of the Bush tax cuts. Taken together, two-thirds of Americans (67 percent) want to end the Bush tax cuts for the rich. One interesting statistic from the survey indicates that the GOP’s push for giving the richest 2 percent an additional tax cut is not even supported by its own base:

Only ten percent of Democrats and one in four independents back the GOP proposal to extend the tax cuts for all. Even among Republicans, support for extending all the cuts is less than half at 46 percent.

Nevertheless, the White House is indicating to the GOP leadership in private negotiations that it is willing to acquiesce on its views and temporarily extend the tax cuts for the rich.