TPMDC
Poll Shows Wide Support For New Taxes On Bailed-Out Financial Sector
President Barack Obama
Share
Send to a friend!
A Rasmussen poll shows fertile ground for a populist initiative currently being pursued by President Obama: bank taxes and regulation.
The recent proposal to tax the 50-largest banks, as a way to recover losses from the bailouts, is favored by a margin of 56%-28%. A relatively heavier tax on larger banks and financial institutions was also favored by a margin of 49%-28%. Respondents also favored limitations on how big a bank can get, by a margin of 45%-33%, and approved of limits on the type of investments banks can make by a margin of 49%-29%. People also favored taxing bonuses paid by large financial companies, at a higher rate than other income, by 55%-25%.
From the pollster's analysis: "These attitudes come from a nation angry about the bailouts. While Congress was debating the initial bailout funding, just 24% of voters liked the idea. Just 35% initially favored a bailout for General Motors and opposition to that bailout grew over time."
Comments (12) | Join the Conversation!
Leave a comment
Follow us!
Most Popular
TPM Stories Now Surging on Digg.com
TPM Top News
© 2010 TPM Media LLC. All Rights Reserved.
Maritza
January 26, 2010 12:50 PM
This is something that Obama should make sure is in his budget.
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?
eratosthenes8
January 26, 2010 12:55 PM
Let's not forget that the health care package was also extremely popular before Obama let the Republicans take control of the issue. The same thing can happen here if he isn't careful.
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?
NobleCommentDecider
January 26, 2010 1:44 PM in reply to eratosthenes8
The GOP will defend any investment banker, stop any regulation of Wall Street, filibuster any financial legislation or tax, kiss any Goldman-Sach's ass, and scare any segment of the voting population to stop new bank regulations or taxes.
All for partisan political reasons. Obama must fail.
Fox News, Limbaugh and the rest of the corporate news media will bend over backwards to give the Republicans a megaphone to deceive and enrage the public.
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?
ogliberal
January 26, 2010 3:02 PM in reply to NobleCommentDecider
And it's guaranteed, based on past experience, that at least half of these will stick and the media will play along. The Dems, of course, will have trouble explaining their position in simple terms - even though it is very simple - and will end up sounding defensive. In the end, we'll see half-assed proposed financial regulations - regulations as conservative as anything that existed under, say, Reagan, regulations that even a Republican Congress might draft - get defeated because the GOP successfully framed it as a communist takeover our our god-given rights and our Christian, free market, nation. And it will make babies cry and puppies squeal.
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?
NobleCommentDecider
January 26, 2010 4:09 PM in reply to ogliberal
Agree, after writing these points I am already convinced that Goldman Sachs are nice honest folks who really didn't do anything wrong, we should leave them alone, and we should just trust John McCain-...no...wait I take back that last one.
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?
DrToast
January 26, 2010 1:02 PM
Damn, if those are Rasmussen numbers, the real numbers must be something.
I look forward to the Republicans running against the higher bank taxes.
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?
NobleCommentDecider
January 26, 2010 1:47 PM in reply to DrToast
See above prospective GOP talking points, and see if you are still looking forward to hearing the GOP strateragery.
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?
wbgonne
January 26, 2010 1:27 PM
Which pretty much guarantees Obama and the Dems WON'T do it. Public option, anyone?
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?
JohnW1141
January 26, 2010 3:33 PM
Justified or not, I think the public sees Obama as Wall Street friendly and so do I, and I don't trust him to do what might help the general public if it has a negative effect on the bankers.
Obama is Clinton II, likeable, but all in all, harmful to the general public.
And this spending freeze is a frikkin joke. He's goiing to freeze some programs but raise others. This sounds like 'I voted for it before I voted against it' and the Republicans will ahve a field day with it. Rachel Maddow already did when she intertviewed Jared Bernstein.
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?
sbv
January 26, 2010 4:07 PM
we need another j.p. morgan to clean up the wall street corruption and greed!
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?
sbv
January 26, 2010 4:30 PM in reply to sbv
meant to add, every thing old is new again; wall street just keeps bringing back these oldies but goodies. greed and corruption are just too tantalizing to pass up!
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?
domainguru2010
July 10, 2010 12:12 AM
Damn, if those are Rasmussen numbers, the real numbers must be something.
kamagra
yellowgold
Reply | Flag Abuse
Are you sure this comment violates TPM's Terms of Service?