Polls Indicate Growing Public Support of Tax Package
Gallup on Wednesday reported 49% of Americans favored the package, compared to 32% against, with 18% undecided. About 60% of Americans who support the package are following the process "very or somewhat closely," said Gallup, citing its survey of about 1,000 adults, jointly conducted with USA Today.
A Washington Post/ABC News survey also showed a majority Americans favoring the package, while a Pew Research Center poll indicated an almost 3-to-1 margin of support.
And another survey, this one conducted by the Wall Street Journal/NBC News, has indicated strong bipartisan support for the measure.
The package, valued at about $858 billion, was passed by the Senate with a more than a 4-to-1 margin on Wednesday -- but still needs to be ratified by the House of Representatives. Tax cuts have been a point of contention between Obama -- who has been looking to increase the tax rate on capital gains while supporting tax breaks for the middle-class and small businesses --and Republicans, who say ending tax breaks for the wealthy would hamper the country's economic recovery.