Day: February 8, 2019

Most Americans Favor Taxing the Wealthy

Buck Banks

67%

Sixty-three percent of Americans believe “upper income people” pay too little in taxes, according to a new survey from Morning Consult. The poll also found that 61 percent of Americans either “strongly” or “somewhat” favor 2020 Democratic presidential candidate Elizabeth Warren’s tax plan, which would levy a new tax on households with a net worth of $50 million or more.

More than Half of Price of ‘Made in China’ Products Goes to U.S. Workers, Businesses

Buck Banks

56%

About 56 percent of what you pay for something “made in China” goes to U.S. workers and companies, on average, according to a new analysis released by the Federal Reserve Bank of San Francisco, the Washington Post reports. The rules are complicated, but “made in China” roughly indicates a good was assembled in a Chinese factory. Its parts, design, marketing and distribution may have come from anywhere — and that “anywhere” is often the United States.

Most Americans Favor Tougher Gun Laws, But Have Little Faith in Congress to Act

Buck Banks

69%

Most Americans want tougher gun laws, according to a Reuters/Ipsos poll. It showed that 69 percent of Americans, including 85 percent of Democrats and 57 percent of Republicans, want strong or moderate restrictions placed on firearms. But among those who want tougher gun laws now, only 14 percent said they were “very confident” their representatives understood their views on firearms, and just 8 percent felt “very confident” their elected representatives would do anything about it.