Rep. Alexandria Ocasio-Cortez (D-N.Y.) said her proposed 70 percent marginal tax rate on income over $10 million would help fund her Green New Deal, while Warren’s 2 percent wealth tax on household wealth more than $50 million and a 3 percent tax on households worth above $1 billion would go toward a universal child care proposal.
If higher taxes were applied to the wealthiest people, voters in a new Morning Consult/Politico poll say they have other priorities for that generated revenue, with improving the health care system (92 percent support) and improving infrastructure (91 percent) at the top of the list. The poll was conducted Feb. 22-24 among 1,994 registered voters and has a margin of error of 2 percentage points.
Reducing poverty in the United States and strengthening entitlement programs such as Medicare and Social Security also ranked highly, with 89 percent and 88 percent, respectively.
Increased defense spending, with 56 percent support, and building a wall on the U.S.-Mexico border, with 34 percent support, rounded out the bottom of the list.
Previous Morning Consult/Politico polling has shown the popularity of tax plans that target wealthy Americans. Warren’s wealth tax drew support from 61 percent of voters in a recent poll, while Ocasio-Cortez’s had support from a plurality of 45 percent. A proposal to expand the estate tax from Sen. Bernie Sanders (I-Vt.) got 50 percent support in a separate survey.
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