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A new poll from The Hill and Harris X found that 59 percent of registered voters supported imposing a 70 percent tax rate on every dollar over the 10 millionth a person earns in a year. (Tax rates that apply only to income over a certain threshold are called marginal tax rates.) The idea even received bipartisan support: 71 percent of Democrats, 60 percent of independents and 45 percent of Republicans said they were in favor.
“I believe it’s going to be far easier for us to do tax reform than it was for, say, health care reform.”
— Speaker Paul Ryan (R-WI), in a CNN town hall meeting.