CNN Poll: 7 out of 10 support 'Buffett Rule'
Hours before a crucial Senate vote over the so-called "Buffett Rule," a new national poll indicates that nearly three-quarters of Americans support the measure to require people earning $1 million a year or more to pay at least 30% in taxes.
According to a CNN/ORC International survey, 72% favor the bill, which is named for billionaire investor Warren Buffett, who has argued that it's unfair that he pays a lower tax rate than his secretary. Twenty-seven percent oppose the measure.
The bill is intended to prevent the wealthy from paying a lower actual tax rate than most middle class workers. Both President Barack Obama and Vice President Joe Biden are heavily lobbying in support of the "Buffett Rule." The legislation is opposed by most Republicans, including presumptive GOP presidential nominee Mitt Romney. They argue raising taxes on anyone, including high income Americans, is a bad move, and claim that a minimum tax on millionaires would hurt small business owners, some of whom file tax returns under the individual tax code. The partisan battle has spilled from Capitol Hill to the presidential campaign trail.
According to the poll, nine in ten Democrats say they support the "Buffet Rule," with nearly seven in ten independent voters and even 53% of Republicans favoring the measure.
The poll was conducted for CNN by ORC International April 13-15, with 509 adult Americans questioned by telephone. The survey's overall sampling error is plus or minus 4.5 percentage points.
