Public Opinion on Death Tax Repeal and Estate Tax Repeal

Voters show a strong preference for repealing the death tax, with higher support among older demographics. The sentiment extends to estate tax repeal as well, reflecting a disapproval of double taxation. Additionally, there is opposition to the Generation Skipping Provision and a call for reducing or amending the Gift Tax. The data reveals varying degrees of support across different political affiliations and age groups.

• Public opinion
• Death tax repeal
• Estate tax
• Double taxation
• Gift tax

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Uploaded on Feb 27, 2025 | 0 Views

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Presentation Transcript

1. Support for Death Tax Repeal Voters want it GONE by 52% to 30%. Not surprisingly, the older you are, the more you hate it. Support for complete repeal jumps to over 60% among people over age 50. Democrats are a net +4 in favor of repeal. Not a majority, but a clear plurality. Support for repealing / amending the Gift Tax and the Generation Skipping Tax mirrors that of the estate tax right side up. Education + the right language = success.

2. Americans Want to Repeal the Estate Tax Overall do you... eliminating the estate tax? Total 52% GOP 72% SWING 51% DEM 44% SUPPORT (NET) 29% 23% 18% 13% 18% 46% 27% 9% 7% 12% 27% 24% 18% 15% 16% 21% 23% 18% 16% 21% Totally support Somewhat support Totally neutral Somewhat oppose Totally oppose 30% 19% 32% 38% OPPOSE (NET)

3. The Death Tax is Wrong on Principle "As a matter of principle, death should not be a taxable event. It's wrong for Washington to take hard earned money that has already been taxed and tax it yet again at death." 75% AGREE 13% NEUTRAL 11% DISAGREE

4. They OPPOSE the Generation Skipping Provision Overall, which statement BEST reflects your opinion on the 80% generation skipping provision? Total 45% The entire estate tax should be repealed anyway, so I oppose generation skipping provision. I generally support the estate tax, but the generation skipping rate should stay around 40% for grandchildren, just like for children. I support keeping the generation skipping provision at 80%, because it keeps wealthy grandparents from using a loophole to avoid paying more in taxes. 36% 19%

5. Everyone Hates Double Taxation Which of the following kinds of taxes would you MOST oppose? 39% Double Taxation 24% The Death Tax 13% The Inheritance Tax 10% The American Dream Tax 7% The Family Business Tax 6% The Estate Tax

6. By 2 to 1, Americans Support Reducing or Amending the Gift Tax Overall, do you support or oppose reducing or amending the Gift Tax to make it easier for families to transfer assets without being taxed, even if it means the federal government collects less revenue to fund their programs? 47% SUPPORT 27% NEUTRAL 25% OPPOSE