Taxing The Rich Is Popular, But It Makes Democratic Lawmakers Uncomfortable
Seventy-one percent of voters, including a slim majority of Republicans, favor higher taxes on people who earn more than $1 million a year from capital gains, according to a Navigator Research survey released this week.
Taxing the rich, in general, has long appealed to most voters. But Democrats are struggling to coalesce around several such tax hikes that President Joe Biden has proposed to pay for his “Build Back Better” agenda.
Without new revenue, Democrats can’t fulfill their promise of offsetting the $3.5 trillion bill’s spending on monthly parent benefits,...