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Poll Shows Most Americans Favor Raising Taxes On The Wealthy

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While lawmakers in Washington continue to wrangle over how to address the looming fiscal cliff, the results of a Washington Post-ABC News poll released Wednesday showed that a majority of Americans favor raising taxes on wealthy Americans.

The poll showed that 60 percent of Americans support raising taxes on incomes of over $250,000 a year, while 37 percent are opposed.

Higher taxes on the wealthy are supported by 73 percent of Democrats, 63 percent of Independents, and even 39 percent of Republicans.

President Barack Obama and other Democrats have called for the expiration of the Bush-era tax cuts for wealthy Americans, while most Republican lawmakers remain staunchly opposed to higher tax rates.

Some Republicans have instead called for increasing revenues by closing tax loopholes and capping the amount of deductions people can claim on their federal income taxes.

However, the poll showed that 49 percent of Americans oppose reducing the deductions people can claim compared to 44 percent that support the idea.

The survey, which was conducted by Langer Research Associates, also found that 67 percent of Americans oppose the idea of raising the age for Medicare coverage from 65 to 67.

Just 30 percent of Americans support the idea of raising the age for Medicare eligibility, which has been floated as an idea to reduce the cost of the program.

The survey of 1,016 adults was conducted November 21st through 25th and has a margin of error of 3.5 percentage points.

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