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November 10, 2012 / needhamgrassroots

Americans Understand: Taxes Are What Pays for the Country We Live In

from ThinkProgress – American voters last night, while re-electing President Obama and keeping the Senate and the House with their current parties, largely rejected the anti-tax extremism that has seized the right. In addition to re-electing Obama, who had promised to let the Bush tax cuts for the richest 2 percent of Americans to expire, voters rejected several anti-tax ballot questions. Here’s a rundown:

– 60 Percent of Americans favor tax hikes: According to exit polls, six out of ten Americans believe that taxes need to go up, while “only about a third of voters said taxes should not be increased at all.” One in seven said that taxes need to go up on all Americans.

– Florida rejects Amendment 3: Amendment 3, which would have limited public spending and revenue collection via a flawed formula, while requiring supermajorities to override the limits, was easily defeated. The amendment needed 60 percent approval to take effect, but received just 42 percent of the vote.

– Supermajority requirement crushed in Michigan: A proposal to implement a requirement that tax increases receive a supermajority vote in the state legislature was rejected by a vote of 69 percent to 31 percent.

– California approves $6 billion tax increase: California approved both an increase in the sales tax and a tax increase on those making more than $250,000 per year, with the money hopefully preventing cuts to the state’s university system. California, of course, has been the epicenter of nonsensical anti-tax ballot questions for decades.

– Oregon rejects estate tax cut: Oregon voters defeated a ballot measurethat would have eliminated the state’s estate tax, which is levied on inheritances of more than $1 million.

Only Washington state passed an extreme anti-tax measure, requiring a supermajority vote to increase revenue. Voters also rejected an increase in the cigarette tax in Missouri.

Speaker of the House John Boehner (R-OH), meanwhile, is already trying to take tax increases off the table, asserting that the House Republicans’ hold on the lower chamber means there is “no mandate for tax increases.”

 

From: http://thinkprogress.org/economy/2012/11/07/1155321/voters-overwhelmingly-reject-anti-tax-extremism/

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