Politics

70% Of Americans Say They Won’t Support Biden’s $3.5T Plan

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More than 70 percent of Americans say they would be less likely to back President Biden’s signature $3.5 spending plan if it meant higher taxes, according to a poll published on Monday for a conservative campaign group.

The White House insists only the wealthiest Americans and the nation’s biggest companies face bigger tax bills under the Build Back Better plan.

But the findings show the fine line Biden must tread with his overhaul of public spending already stalled by party infighting.

‘Independents and Republicans oppose this bill by huge majorities, as do fully half of Democrats,’ said Mark Meckler, president of the Convention of States Action, which commissioned the poll.

‘Almost nobody supports Biden’s runaway spending spree, and folks are outraged that — with everything else they’ve had to endure with this failed presidency — increasing taxes and adding to our astronomical debt are actually on the table.’

The survey of more than 1000 likely general election voters by Trafalgar, a Republican-leaning firm, found that 71.5 percent took a negative view of Biden’s plans if they ‘knew it increases taxes and the national debt.’

One fifth said those aspects would make them more supportive.

The number includes just over half of Democrats who said that increases in taxes or the national debt would make them less likely to back the measures.

The plans are currently on hold as Biden prepares to hit the road to sell his proposals to expand health benefits and free education, while the House has paused progress on his infrastructure bill.

As it stands, the Build Back Better plan increases the top corporate tax rate by 5.5 percentage points, to 26.5 percent, and the top individual rate by 2.6 points, to 39.6 percent.

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It also  includes a 3 percent surcharge on individual income above $5 million.

But centrist Democrati… (Read more)

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