by Archana Subramaniam by CNB
Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: WEDNESDAY, February 17, 1993 TAG: 9302170169 SECTION: NATIONAL/INTERNATIONAL PAGE: A3 EDITION: METRO SOURCE: Associated Press DATELINE: NEW YORK LENGTH: Short
POLL FINDS AFFLUENT ACCEPT HIGHER TAX
About half of affluent Americans polled by Money magazine were willing to pay more taxes to lower the federal deficit, the monthly publication said in a survey released Tuesday.The eighth annual "Americans & Their Money" survey illustrated a general willingness among affluent households to heed President Clinton's call for sacrifice to help the country prosper.
The poll was conducted soon after the November election. More recent surveys than Money's have shown a similar willingness among the affluent.
Money's poll found 68 percent would pay higher federal income taxes to provide health care for everyone, 51 percent would pay more to improve public schools and 48 percent would pay more to lower the federal budget deficit. But only 29 percent would pay higher taxes to ensure affordable child care and only 20 percent would pay more for a federal jobs program.
Two out of five thought the economy was recovering from the recession, compared with one out of five last year. Yet three out five said they worry about money often.
Nearly 60 percent of Money's questionnaires were sent to households earning more than $40,000 annually.