Don't Tax You, Don't Tax Me....

...go tax that fellow behind the tree.  The old ditty, referring to how people seem to want higher taxes on everyone but themselves, is as true today as ever, based on this month's IBD/TIPP Poll.  Last month, we asked Americans how they felt about hiking taxes on higher earners,  And whether it was incomes of $250,000 or $1 million, they were all for it.  This month we asked respondents if they themselves would mind paying more.  The tax-by-tax responses below are just as negative as last month's were affirmative.

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No, Americans Don't Want Higher Taxes

Budget: Four of five Americans are "sold" on higher taxes to solve the deficit impasse, according to President Obama. Either he's deceiving himself or he completely misunderstands how the public really feels. Add a comment

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Don't Compromise On Taxes

boehner_obamaFiscal Policy: In discussing the debt talks Monday, President Obama repeatedly stressed the need for "compromise." Funny, since it's his refusal to budge on his big-government vision that caused the talks to break down. Add a comment

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A Country That Knows What It Wants

usflagPublic Opinion: The latest IBD/TIPP poll finds that Americans want decisive action taken to solve some of our biggest problems. But they also recognize the difference between real problems and the fake ones that politicians dwell on. Add a comment

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The Dems' Crackup

clinton-obamaPolitics: Given their overwrought reaction to President Obama's tax deal, you'd think Democrats had no reason to compromise with the opposition. Have they already forgotten last month's election? Add a comment

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Taxing Our Patience

taxes1Stimulus: Furious with President Obama for making a deal with Republicans, Democrats have hit on a new reason for supporting economy-killing tax hikes: the deficit. This would be funny if it weren't so tragic.

It's Good Enough

obama_cantor_boehnerFiscal Policy: With just weeks to go before the biggest tax hike in U.S. history, President Obama and Republicans have agreed to a "framework" to extend the Bush tax cuts. The toughest sell will be Obama's own party.

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Strong Support For All Bush's Tax Cuts

thumbs_upFiscal Policy: Listening to the White House and Congress, you'd think Americans were keen to let the Bush-era tax cuts expire at the end of this year. Now, a new IBD/TIPP poll definitively lays that myth to rest. Add a comment

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Tax-Cut Deception

Taxes: With just weeks to go before the midterm elections, Americans have made it clear they don't want their taxes raised. So what do congressional Democrats do? Nothing — at least until the elections are over.

IBD/TIPP Poll: Broad Support For Leaving Tax Rates Alone

Americans in favor of leaving the Bush tax cuts in place — rather than letting them expire as scheduled at year-end — outnumber those opposed nearly 2 to 1. Democrats are the only demographic group tracked in the IBD/TIPP Poll to oppose extending the cuts, and then by just 38% to 36%. A large percentage are not sure.

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Liberal Tax Revolt Game-Changer?

The liberal tax revolt, as The Wall Street Journal is calling it, is a very important topic -- especially for investors and small-business entrepreneurs. And for new jobs.

The so-called revolt is comprised of three Democratic senators: Kent Conrad, Evan Bayh and Ben Nelson. They want to extend all the George W. Bush tax cuts. That includes taxes on the wealthy, or the top personal tax rate, the investment taxes on capital gains and dividends, and the estate tax.

The Tax Tsunami On The Horizon

poll07202010

Fiscal Policy: Many voters are looking forward to 2011, hoping a new Congress will put the country back on the right track. But unless something's done soon, the new year will also come with a raft of tax hikes — including a return of the death tax — that will be real killers.

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Will They Take 'No' As Answer To VAT?

tax1Taxation: Ask almost anyone — economists, politicians, entrepreneurs, average Americans — and they'll tell you a value-added tax is a bad idea. So why does the White House continue to consider it? Add a comment

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Big No On Higher Taxes For Health Care

Despite repeated promises that President Obama will not raise taxes on anyone earning less than $250,000 a year, senior administration officials recently floated the possibility that tax increases on middle class Americans might be necessary to pay for health care reform.

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IBD/TIPP Poll: Vetoing The Value-Added Tax

Washington is taking a "fresh look" at the value-added tax, which would impose a new levy on every level of production all the way to the consumer. With deficits soaring, a 10% VAT levy might just tempt policymakers, who see it as a way to pay for national health care. They'd better consult the voters first: Our own IBD/TIPP Poll finds voters ­- regardless of party - overwhelmingly oppose a VAT, either as a supplement to our current income tax or as a replacement for it.

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VAT Is No Answer

Fiscal Policy: Given the number of new tax ideas making the rounds, you'd think we were in a rip-roaring expansion. But we're not, and new taxes are exactly the wrong thing to be proposing.

In addition to kicking up taxes on the so-called wealthy, various members of the current administration seem to have lots of new ideas for separating Americans from their money.

Ezekiel Emanuel, brother of Rahm Emanuel, President Obama's top aide, is health care adviser to Obama's budget director, Peter Orszag. He wants a 10% value-added tax (VAT), similar to the European Union's, to "pay" for health care reform.

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IBD/TIPP Poll: Americans Will Believe Their Tax Cut When They See It

Despite President Obama's pledge to "cut taxes for 95% of workers and their families," a majority of Americans think his administration will raise taxes instead. According to this month's IBD/TIPP Poll, 57% think their federal income taxes are going up and 19% expect no change. Only 16% think they're going down. Interestingly, similar percentages apply to middle-income earners (in the $50,000 to $75,000 income bracket) - the very category the president has targeted for relief.

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Cap-And-Trade A No-Go Once Costs Are Factored In

Other polls that ask Americans how they feel about a proposed "cap and trade" system to control pollution have tended to produce positive responses. But those surveys never seem to mention what such a system might cost. The latest IBD/TIPP Poll laid it all out in a somewhat lengthy question and drew a very different response: By nearly 3-to-1, Americans oppose a cap-and-trade system that, if opponents are correct, could add $800 to $1,200 per household to energy prices.

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