WARREN WEALTH TAX HAS WIDE SUPPORT
December 15, 2019 - Douglas Myser
Warren wealth tax has wide support. Senator Elizabeth Warren's plan to tax the assets of America's wealthiest individuals continues to draw broad support from voters, across party, gender and educational lines. Only one slice of the electorate opposes it staunchly: Republican men with college degrees. Not surprisingly, that is also the profile of many who'd be hit by Ms. Warren's so-called wealth tax, which has emerged as the breakout economic proposal in the Democratic presidential race. Nearly a year after Ms. Warren proposed it, the wealth tax has the support of six in 10 Americans, according to a new nationwide poll conducted by the online research firm Survey Monkey for the New York Times. That support has dipped slightly since July, but Ms. Warren's plan remains more popular than most proposed tax increases, and its appeal across coalitions is unusual among high-profile campaign proposals. Warren wealth tax has wide support.
Senator Bernie Sanders of Vermont has also proposed a wealth tax, which would hit more taxpayers than Ms. Warren's version. The other policy plan dominating the primary debate so far--the conversion to a government financed health care system known as "Medicare for all"--enjoys narrower support that breaks much more cleanly along party lines. Republicans overwhelmingly oppose it. Independents favor it two to one, and Democrats support it by an even higher rate. As the Democratic contest barrels toward the first caucuses in Iowa and beyond, the polling continues to show a racial fissure on the subject of the economy, with nonwhite Democrats expressing more concern about their economic situations than white Democrats. Those more anxious voters are less likely to support Ms. Warren, or her IRS wealth tax, a dynamic that could prove consequential as Democrats winnow their field.
College Educated men take exception to a wealth tax. The IRS wealth tax has lost a few points of support since the last time The Times asked about the issue, in July. But it remains broadly popular, even more so than it was in February.
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