73% Oppose Plan Requiring Banks to Notify IRS of All Personal Transactions Over $600

A proposal has been made that would require banks to notify the IRS of every transaction of $600 or more made by every American. A Scott Rasmussen national survey found that just 18% of voters favor this plan while 73% are opposed.

Those totals include 6% who Strongly Favor the plan and 59% who are Strongly Opposed.

This effort to give IRS more access to personal financial information is opposed by 86% of Republicans, 71% of Independents, and 62% of Democrats.

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Note: Neither Scott Rasmussen, ScottRasmussen.com, nor RMG Research, Inc. have any affiliation with Rasmussen Reports. While Scott Rasmussen founded that firm, he left more than seven years ago and has had no involvement since that time.

Methodology

The survey of 1,200 Registered Voters was conducted online by Scott Rasmussen on September 24-25, 2021. Field work for the survey was conducted by RMG Research, Inc. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.

The margin of sampling error for the full sample is +/- 2.8 percentage points.

19% Favor Reconciliation Tax Credit for Journalists; 54% Oppose

Nineteen percent (19%) of voters favor a proposal providing a tax credit of up to $50,000 for print and online journalists. A Scott Rasmussen national survey found that 54% are opposed and 27% are not sure.

The proposal is part of the reconciliation package being considered by Congress. Just 6% Strongly Favor the idea and 36% are Strongly Opposed.

The proposal is at least somewhat supported by 30% of Democrats, 18% of Independents, and 10% of Republicans.

Those who favor policies like those of Senator Bernie Sanders like policies are evenly divided: 35% favor the tax credit and 36% are opposed. Those who prefer more traditional Democratic policies are opposed by a 2-to-1 margin.

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Note: Neither Scott Rasmussen, ScottRasmussen.com, nor RMG Research, Inc. have any affiliation with Rasmussen Reports. While Scott Rasmussen founded that firm, he left more than seven years ago and has had no involvement since that time.

Methodology

The survey of 1,200 Registered Voters was conducted online by Scott Rasmussen on September 24-25, 2021. Field work for the survey was conducted by RMG Research, Inc. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.

The margin of sampling error for the full sample is +/- 2.8 percentage points.

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76% Believe Raising Corporate Taxes Will Raise Prices for Consumers

If the federal government raises taxes on large corporations, 76% of voters think it is likely that consumers will end up paying higher prices. A Scott Rasmussen national survey also found that 73% believe such tax hikes will cause some companies to take jobs overseas.

Eighty-five percent (85%) of Republicans believe higher corporate taxes will lead to higher costs. S0 do 76% of Democrats and 68% of Independents.

Data released earlier showed that 61% of voters expect the Biden Administration to raise middle class taxes.

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Note: Neither Scott Rasmussen, ScottRasmussen.com, nor RMG Research, Inc. have any affiliation with Rasmussen Reports. While Scott Rasmussen founded that firm, he left more than seven years ago and has had no involvement since that time.

Methodology

The survey of 1,200 Registered Voters was conducted online by Scott Rasmussen on September 22, 2021. Field work for the survey was conducted by RMG Research, Inc. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.

The margin of sampling error for the full sample is +/- 2.8 percentage points.

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68% Believe Fed Gov’t Efforts to Manage Economy Generally Do More Harm Than Good

When the federal government tries to manage the economy, 68% of voters believe it generally does more harm than good. A Scott Rasmussen national survey found that 20% disagree and 12% are not sure.

Those totals include 37% who Strongly Agree and 6% who Strongly Disagree.

That belief is shared by 82% of Republicans, 65% of Independents, and 60% of Democrats.

Seventy-one percent (71%) of Hispanic voters believe government efforts to manage the economy generally do more harm than good. So do 69% of White voters and 62% of Black voters.

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Note: Neither Scott Rasmussen, ScottRasmussen.com, nor RMG Research, Inc. have any affiliation with Rasmussen Reports. While Scott Rasmussen founded that firm, he left more than seven years ago and has had no involvement since that time.

Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from September 10-11, 2021. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 239 were contacted using automated phone polling techniques. Online respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.

The margin of sampling error for the full sample is +/- 2.8 percentage points.

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48% Say Gov’t Regulation of Small Business Too Strict, 11% Say Not Strict Enough; Different Story for Big Business

Forty-eight percent (48%) of voters believe government regulations on small businesses are too strict. A Scott Rasmussen national survey found that 11% believe they are not strict enough while 24% believe the level of regulation is about right.

However, perceptions are much different when it comes to regulating big businesses. Forty percent (40%) say regulation of big businesses is not strict enough. Just 23% think they are too strict while 20% say about right.

There is a substantial gender gap on this topic. By a 46% to 15% margin, women believe that regulations on big businesses are not strict enough. Men are evenly divided between too strict and not strict enough.

Fifty-four percent (54%) of men believe the regulations on small businesses are too strict. Forty-two percent (42%) of women agree.

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Note: Neither Scott Rasmussen, ScottRasmussen.com, nor RMG Research, Inc. have any affiliation with Rasmussen Reports. While Scott Rasmussen founded that firm, he left more than seven years ago and has had no involvement since that time.

Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from September 10-11, 2021. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 239 were contacted using automated phone polling techniques. Online respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.

The margin of sampling error for the full sample is +/- 2.8 percentage points.

 

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76% Say Taxes in America Are Too High; 9% Say Too Low

Seventy-six percent (76%) of voters believe taxes in America are currently too high. A Scott Rasmussen national survey found that 9% believe they are too low and 8% think they’re about right.

These totals include 39% who believe taxes are Much Too High and 3% who believe they are Much Too Low.

The belief that taxes are too high is strongly shared across all measured demographic groups. Seventy-seven percent (77%) of men hold that view as do 75% of women. So do 77% of rural residents, 76% of suburban residents, and 74% of urban residents. Among those who earn less than $100,000 a year, 77% believe taxes are too high. Among those with higher incomes, that figure is 74%.

Politically, 87% of Republicans believe taxes are too high. So do 71% of Independent voters and 69% of Democrats.

The highest level of belief that taxes are too low was found among voters who prefer policies like those of Senator Bernie Sanders. However, even among Sanders’ voters, 67% believe taxes are too high and just 18% believe they are too low.

Democrats in Congress say they are focused on higher taxes only for the rich, but voters are skeptical. After being reminded that President Biden has promised not to raise taxes on anyone earning less than $400,000 a year, 61% of voters believe it is likely that the Biden Administration will raise taxes on middle class Americans. Only 27% consider it unlikely.

Forty-one percent (41%) of voters believe the benefits of government are worth the costs and regulations. Thirty-three percent (33%) disagree and 26% are not sure.

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Note: Neither Scott Rasmussen, ScottRasmussen.com, nor RMG Research, Inc. have any affiliation with Rasmussen Reports. While Scott Rasmussen founded that firm, he left more than seven years ago and has had no involvement since that time.

Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from September 10-11, 2021. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 239 were contacted using automated phone polling techniques. Online respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.

The margin of sampling error for the full sample is +/- 2.8 percentage points.

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61% Say Biden Likely To Raise Middle Class Taxes

Sixty-one percent (61%) of voters believe it is likely that the Biden Administration will raise taxes on middle class Americans. A Scott Rasmussen national survey found that 27% consider it unlikely and 12% are not sure.

These results are especially stunning given that, before being asked the question, survey respondents were reminded that President Biden has promised not to raise taxes on anyone earning less than $400,000 a year.

Republicans overwhelmingly believe tax hikes are coming for the middle class. Democrats are evenly divided with a very modest plurality expecting tax hikes. Among Independent voters, 44% say the middle class taxes are likely while 25% disagree.

Most voters (53%) believe that tax hikes hurt the economy while just 23% believe they help. Voters who prefer Trump like policies and Traditional Republican policies share a strong believe that tax hikes are bad for the economy.

However, there is a divide on this issue between Sanders’ Democrats and Traditional Democrats. By a 42% to 31% margin, those who favor Sanders like policies believe tax hikes are good for the economy. By a mirror image 42% to 27% margin, Traditional Republicans believe they are bad.

Voters with a postgraduate degree are evenly divided as to whether tax hikes or good or bad for the economy. Among all other voters, most believe tax hikes hurt the economy.

Data released earlier shows that 59% of voters nationwide believe increased government spending leads to inflation. That helps explain why just 22% of voters want Congress and the President to increase federal spending next year.

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Note: Neither Scott Rasmussen, ScottRasmussen.com, nor RMG Research, Inc. have any affiliation with Rasmussen Reports. While Scott Rasmussen founded that firm, he left more than seven years ago and has had no involvement since that time.

Methodology

The survey of 1,200 Registered Voters was conducted online by Scott Rasmussen from August 4-9, 2021. Field work for the survey was conducted by RMG Research, Inc. Respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.

 

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71% Favor Taxing Endowment Income of Elite Universities Like Harvard

Seventy-one percent (71%) of voters believe elite universities such as Harvard and other nonprofit foundations should pay taxes on their endowment income. A Scott Rasmussen national survey found that just 12% disagree and 16% are not sure.

The idea of taxing the endowment funds is favored by 76% of Hispanic voters, 71% of Black voters, and 71% of White voters.

Seventy-six percent (76%) of Republicans favor the idea along with 71% of Democrats, and 61% of other voters.

Similar support is found for a proposal to tax the endowment funds of elite universities and use the money to fund apprenticeship programs. Seventy percent (70%) favor the proposal and 13% are opposed. Those figures include 36% who Strongly Favor the plan and 5% who are Strongly Opposed.

The proposal for taxing endowment funds of elite universities to fund apprenticeship programs was mad by Senator Tom Cotton.

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Note: Neither Scott Rasmussen, ScottRasmussen.com, nor RMG Research, Inc. have any affiliation with Rasmussen Reports. While Scott Rasmussen founded that firm, he left more than seven years ago and has had no involvement since that time.

Methodology

The survey of 1,500 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from May 20-22, 2021. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 216 were contacted using automated phone polling techniques. Online respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.

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