Voters in three key battlegrounds support tax hikes on the rich. The share of adults living in middle income households has narrowed. And Hillary Clinton’s support is greater now than in 2007. This is HuffPollster for Thursday, February 5, 2015.
BATTLEGROUNDS WANT CHANGE IN DIRECTION, FAVOR TAX HIKE FOR WEALTHY – Quinnipiac University: “President Barack Obama has negative approval ratings in the key swing states of Florida, Ohio and Pennsylvania, but voters in each state strongly support his call to raise taxes on the rich to help the middle class, according to a Quinnipiac University Swing State Poll released today. Voters in each state want the next president to ‘change direction from Barack Obama’s policies,’ the independent Quinnipiac University Poll finds.” Large majorities say they support rather than oppose “increasing taxes on higher income earners to reduce the amount of taxes paid by the middle class” in Florida (58 to 36 percent), Ohio (61 to 35 percent) and Pennsylvania (62 to 33 percent). [Quinnipiac]
PERCEPTIONS ON WEALTH AND THE TAX SYSTEM HAVE CHANGED OVER TIME – Kathleen Weldon: “Wealth is the eye of the beholder, and Americans give a wide range of figures when asked how much income would make someone rich. Perceptions have changed, however, since early data on the subject. Considering inflation-adjusted figures, Americans in 1996 and 2011 were much more likely to consider those making under approximately $150,000 a year to be rich than were respondents in 1948…Most Americans see the tax system serving the interests of the wealthy. Majorities since the 1980s have agreed that “the present tax system benefits the rich and is unfair to the ordinary working man or woman…It is not then surprising that, when asked whether they support tax increases on the wealthy, the majority have consistently been in favor…Moreover, most Americans do not appear to accept the argument that increased taxes on the wealthy would come at a cost to the economy…Questions which put raising taxes on the wealthy in the context of federal budget deficit reduction draw particularly strong support for increases.” [HuffPost]
AMERICAN MIDDLE INCOME TIER HAS YET TO RECOVER FROM DECADES OF LOSS – Rakesh Kochhar & Richard Fry: “In the years following the Great Recession, the share of Americans who live in middle-income households held steady at 51% in 2013, the same share as in 2010…While the muddled recovery has yet to bolster the middle, this flat trend might actually be good news because, for now, it stems a decades-long slide…The share of adults who live in middle-income households has eroded over time, from 61% in 1970 to 51% in 2013…The narrowing in the middle happened for all major racial and ethnic groups….Incomes of all households are higher today than they were in 1970. Upper-income households saw the most growth, as their median income increased 43% from 1970 to 2013. However, the overall gains mask a lengthy period – a lost decade, and then some – of losses from 2000 to 2013. During this time, the median incomes of lower-, middle- and upper-income households have fallen by 9%, 6% and 6%, respectively. Currently, the incomes of these households are comparable to what they were in 1997…Upper-income households command a higher share of the U.S. aggregate household income than ever before….Today’s distribution of aggregate income stands in stark contrast to what it looked like four decades ago…These data points are further confirmation of the nation’s growing economic inequality…Americans are seeing it too. In a January 2014 Pew Research Center survey, 65% of adults said the gap between the rich and everyone else had increased in the past 10 years.” [Pew Research]
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-Mark Mellman (D) offers thoughts on the politics of vaccination. [The Hill]
-Advanced analytics spreads through government, but the demand for data scientists outstrips supply. [Motherboard via @SimonJackman]
-The Census Bureau discontinues three-year estimates from the American Community Survey due to budget constraints. [Census]
