Tuesday, October 4, 2011

Millionaires should pay more taxes, majority of Americans say in poll

The majority of Americans believe millionaires need to dig into their fat wallets and pay more in taxes, a new CBS News poll shows.

Of those polled, 64% believe that anyone making more than $1 million a year should get hit with higher taxes, while 30% said millionaires should not be taxed at a higher rate.

The results - which showed that 83% of Democrats who were polled would support millionaires being taxed more - comes as President Obama has proposed the so-called Buffett Rule.

Named for billionaire investor Warren Buffett, the proposal is touted by Obama as a way to reduce the deficit, while Republicans have trashed it as class warfare. 

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