POLL: Americans Want To Tax The Rich

The media likes to spread the notion that the American people want taxes to go down across the board. A recent poll from Gallup reveals that Americans think that taxes are far too low on the rich. Cenk Uygur, host of The Young Turks, breaks it down.

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“Six in 10 Americans continue to believe that upper-income Americans pay too little in taxes. This attitude has been steady over the past five years, but is lower than in the early 1990s, when as many as 77% said those with higher incomes paid too little in taxes.

The latest update comes from Gallup's April 6-10 Economy and Personal Finance survey -- conducted during a presidential election year in which taxes have been a major area of focus for the candidates. In particular, Democratic presidential candidate Bernie Sanders has made the reduction of inequality the central motif of his campaign, saying, "The issue of wealth and income inequality is the great moral issue of our time, it is the great economic issue of our time, and it is the great political issue of our time." He has called for "higher income tax rates for the richest Americans." His Democratic opponent, Hillary Clinton, also has called for the need to "reform our tax code so the wealthiest pay their fair share."

Republicans, in contrast, have called for simplified tax plans, which will end up reducing the income taxes all Americans pay. Ted Cruz says that under his tax plan, "All income groups will see a double-digit increase in after-tax income." Donald Trump's plan would simplify the tax code into fewer tax brackets. Although it would reduce or eliminate "most deductions and loopholes available to the very rich," the rich likely would pay less in taxes because upper-income taxpayers under Trump's plan would have a lower tax rate.”

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The Young Turks April 18, 2016 Hour 1

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POLL: Americans Want To Tax The Rich