Polls, Obamanomics and Taxes

People are willing to raise to taxes unless it will hurt the economy. And it will probably hurt the economy.


The NYTimes buried this interesting little facoid from their poll on people's current economic attitudes: "Mr. Obama’s push to increase income taxes on people making over $250,000 a year was supported by 74 percent of respondents. When presented with the possibility that taxing those in the higher income bracket might hurt the economy, 39 percent of those polled still backed the plan."

Me: This is why it is important that people understand the complex linkages between taxes and economic growth. Framing tax cuts merely as a way of giving consumers more dough to spend is self-defeating in the long run.