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Not only that, only 54% of Republicans favor them staying in place.

Key graph…



Obama may not be doing some very popular things when it comes to moderate Republicans and Independents, but keeping this campaign promise seems like a must. Because people aren’t buying the Republicans’ lies about this being a jobs killer because it targets small businesses.

Here’s Gallup’s bottom line…

With about one in three Americans, including a minority of independents and Democrats, in favor of extending the Bush-era tax cuts for all taxpayers, Democrats may not be putting themselves at great political risk by allowing the tax cuts to expire for wealthy Americans. In fact, the middle ground of extending tax cuts for low- and middle-income Americans but allowing them to expire for wealthy Americans — the Democrats’ most likely proposal — is the specific option the public prefers most.

And scene.

  • kranky kritter

    I agree that politically speaking, it’s a no brainer to extend the cuts for all but the richest. Democrats will not lose any support over such action. At least not from anyone who might have voted for them in the first place.

    Democrats shore up their own support by signaling that in hard times they ask for sacrifice first from those best able to make that sacrifice.

    One thing, though. Boehner opposed this approach by saying he’d prefer to extend all the tax cuts and pay for them with cuts elsewhere. The signal the GOP wants to send is that they are more willing to make hard decisions and more concerned about government spending.

    Obama should have said “let’s do both!” In other words, stick with ending the tax break for the richest, and seriously consider
    whatever proposed cuts Boehner has in mind. Then Boehner would shop a list of cuts that are targeted at things liberals hold dear, without any cuts of things the GOP likes. At that point, Obama could show his fiscal seriousness by proposing cuts to things Republicans hold dear, and agree to makes cuts on an equal dollar for dollar basis from each list.

  • Alistair

    And it looks like future speaker John Boehner has caved in.

    http://www.huffingtonpost.com/2010/09/12/boehner-tax-cuts-bush-obama_n_713664.html#comments

  • Chris

    I don’t see how this helps the plutocracy…