Americans Support Millionaire’s Tax

Most Americans aren’t simply red or blue when it comes to their checkbooks. A new poll shows that while most of the country supports President Barack Obama’s plan to increase taxes for the wealthiest, they also favor cutting costs over upping taxes. A tax on top earners who make $1 million or more a year was supported by 65 percent of Americans in the poll, and opposed by only 26 percent. The poll may point to a shift in how Americans think about taxes, favoring a system that evens out the tax rate across income levels while simultaneously cutting government spending. Obama’s plan, nicknamed the “Buffett Rule” after the Omaha billionaire, is thought unlikely to be passed by lawmakers amid the rancor of the campaign season.