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Insiders Predict Tax Hikes on the Wealthy in 2013 Insiders Predict Tax Hikes on the Wealthy in 2013

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Magazine / CONGRESSIONAL INSIDERS POLL

Insiders Predict Tax Hikes on the Wealthy in 2013

December 13, 2012

Do you believe tax rates on the wealthiest Americans will go up in 2013?

DEMOCRATS (24 Votes)

Yes: 100%

Yes

 

“Either Republicans will agree, or they will rise Jan. 1. The American people chose this in the November election.”

“The tax burden borne by upper-income Americans is likely to go up in 2013 either through an increase in personal income-tax rates on income above $250,000 or, possibly, income above $500,000; or by means-testing a number of current tax credits or tax deductions so that wealthier Americans’ effective tax rates will go up, although their income-tax rates have not.”

“The odds of Senate Democrats voting to extend the rates for top earners is about zero.”

“With or without a deal, the wealthiest are going to be looking at the same rates they paid in the ’90s. And they all seemed to do just fine then.”

“Yes. Either as part of a broader fiscal deal or absent a deal, with the expiration of the Bush rates, they’re going up. That’s what America voted for on Nov. 6.”

“Yes, even the Republicans are coming to accept this publicly.”

“The Democrats campaigned on raising taxes for the wealthiest and won. Promises made will be promises kept.”

 

Do you believe tax rates on the wealthiest Americans will go up in 2013?

REPUBLICANS (17 Votes)

Yes: 88%
No: 6%
Don’t Know: 6%

Yes

“Taxes will go up for everyone because the president wants us to go over the fiscal cliff so more revenue comes in. He doesn’t say this, but clearly by not negotiating this is where he is.”

“Yes, as a result of the president driving us off the fiscal cliff.”

“Yes, either as part of the deal to avoid going over the fiscal cliff or as a result of going over.”

“Taxes on all Americans rise unless the president, a Democratic Senate, and a Republican House act. Given that leverage, why would Obama give in on what he has advocated for two years: higher taxes on the wealthy?”

“But only if the Democrats are willing to give something on entitlement reforms.”

“It’s difficult to imagine a scenario where rates do not go up for the top brackets.”

No

“We do not need to raise taxes on Americans.”

Don’t know

“Still remains to be seen. Too hard to tell at this point.”

 

Do you think cutbacks or “reforms” to entitlements will be included in a fiscal-cliff package?

DEMOCRATS (24 Votes)

Yes: 63%
No: 33%
Don’t Know: 4%

Yes

“If entitlement reform is not included in the fiscal-cliff package, there won’t be a deal.”

“It won’t be the reforms we need, but it’ll be a gesture. And good luck to any Republican who wants to trumpet Medicare cuts as a political victory.”

“The big concern is whether Obama will give more than appropriate away or will he fight for these issues as much as he is for tax equity.”

“Not much reform but cuts, yes!”

No

“In 2001 we passed tax cuts that disproportionately favored the wealthy. They weren’t paid for. They created a deficit. To cut earned benefits for poor old people to pay for those tax cuts is immoral. Democrats in the House won’t agree.”

“There will be a framework or goal but no specifics.”

“Best they can do is some agreement to do a deal later.”

Other

“Maybe. Some modest reforms like means-testing may make sense, but we’ve already passed significant cuts with the Budget Control Act and other laws this Congress. What’s missing is balance and fairness, and those come from revenues.”

 

Do you think cutbacks or “reforms” to entitlements will be included in a fiscal-cliff package?

REPUBLICANS (17 Votes)

Yes: 29%
No: 71%

Yes

“Gimmicky cuts, but cuts nonetheless.”

“Sooner or later. If not initially, then as part of a negotiated end result. Otherwise, there will be no agreed-upon fiscal cliff package.”

“Obama knows spending cuts and entitlement reforms are essential to reaching fiscal stability. If he puts some of them in this package he can ‘blame’ Republicans and the GOP will be happy to accept that blame in order to appease its base.”

“The only thing that is worse than going off the cliff is once more kicking the can down the road on entitlements. If the final package doesn’t include something on entitlement reform, it will be laughed out of the House of Representatives.”

No

“The president won’t negotiate.”

“No, because the president doesn’t have the political courage to take the steps necessary to address entitlements.”

“I think sequestration and unemployment insurance will be a part of the deal; not entitlement reforms, which may come during the debt-ceiling debate.”

“Because I believe no one will blink and we will go over the cliff.”

“If entitlement reforms are achieved, they will probably be accomplished apart from the fiscal cliff.”

______________________

Democratic Congressional Insiders Sens. Sherrod Brown, Ben Cardin, Thomas Carper, Christopher A. Coons, Mark Pryor, Tom Udall; Reps. Jason Altmire, Robert Andrews, Tammy Baldwin, Karen Bass, Xavier Becerra, Howard Berman, Lois Capps, Michael Capuano, Dennis Cardoza, James Clyburn, Gerry Connolly, Joseph Crowley, Diana DeGette, Rosa DeLauro, Eliot Engel, Anna Eshoo, Sam Farr, Chaka Fattah, Bob Filner, Rush Holt, Mike Honda, Marcy Kaptur, Jim Langevin, John Lewis, Zoe Lofgren, Ed Markey, Jim McGovern, Jim Moran, Gary Peters, Collin Peterson, David Price, Linda Sanchez, Kurt Schrader, Allyson Schwartz, Jose Serrano, Bennie Thompson, Debbie Wasserman Schultz, Henry Waxman, Peter Welch, and Frederica Wilson.

GOP Congressional Insiders Sens. Johnny Isakson, Richard Lugar, David Vitter; Reps. John Boehner, Charles Boustany, Kevin Brady, John Campbell, Eric Cantor, John Carter, Tom Cole, Mike Conaway, Jeff Denham, David Dreier, Sean Duffy, Jo Ann Emerson, Jeff Flake, Scott Garrett, Bob Goodlatte, Trey Gowdy, Kay Granger, Doc Hastings, Nan Hayworth, Tim Huelskamp, Mike Kelly, Peter King, Jack Kingston, Adam Kinzinger, John Kline, Doug Lamborn, Dan Lungren, Kenny Marchant, Kevin McCarthy, Patrick McHenry, Candice Miller, Sue Myrick, Devin Nunes, Tom Price, Dave Reichert, Reid Ribble, Phil Roe, Paul Ryan, Aaron Schock, David Schweikert, Austin Scott, Adrian Smith, Steve Stivers, Lee Terry, Pat Tiberi, Fred Upton, Daniel Webster, and Joe Wilson.

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