Polls: Hiking estate tax less popular than taxing mega wealth, income

Americans are proving increasingly receptive to raising taxes on the well-to-do, but new polling suggests that increasing inheritance taxes is not as popular as some other proposals.

In a Hill-HarrisX poll released Friday, registered voters were fairly evenly split on their opinions about the estate tax, with almost equal numbers of people favoring keeping levies on inheritances at the current levels, raising them, or abolishing the tax altogether.

The survey found that 37 percent of respondents said that they wanted to keep the current inheritance tax which applies a 40 percent rate to estates valued at $11.4 million or more and nothing to those valued at a lesser amount. Thirty-two percent said they wanted to increase the estate tax while 31 percent said they wanted to completely eliminate it.

Sen. Bernie SandersBernie SandersRahm Emanuel: Bloomberg, Patrick entering race will allow Democrats to have 'ideas primary' Feehery: Pivoting to infrastructure could help heal post-impeachment wounds Jayapal hits back at Biden on marijuana 'prohibition' MORE (I-Vt.) offered legislation on Jan. 31 that would increase inheritance taxes in several ways, one of which is lowering the taxable threshold to $3.5 million.

Republicans have sought to eliminate the estate tax, something President TrumpDonald John TrumpMost Americans break with Trump on Ukraine, but just 45 percent think he should be removed: poll Judge orders Democrats to give notice if they request Trump's NY tax returns Trump's doctor issues letter addressing 'speculation' about visit to Walter Reed MORE proposed in his State of the Union address last week. Last month, Sen. John ThuneJohn Randolph ThuneGOP divided over impeachment trial strategy Hillicon Valley: Twitter shares more details on political ad rules | Supreme Court takes up Google-Oracle fight | Pentagon chief defends Microsoft cloud contract House, Senate announce agreement on anti-robocall bill MORE (R-S.D.) introduced a bill to do just that.

Boosting the estate tax appears to be less popular than other proposed taxes aimed at the wealthy.

A Jan. 12-13 Hill-HarrisX poll found that 59 percent of registered voters favored increasing the top income tax bracket from 37 percent to 70 percent, an idea recently proposed by Rep. Alexandria Ocasio-CortezAlexandria Ocasio-CortezNew York man pleads guilty to threatening to kill Omar Funding stopgap would give Congress more time to debate expiring surveillance provisions 'Saturday Night Live' presents Trump impeachment hearings with 'pizzazz' of soap opera MORE (D-N.Y.).

And Sen. Elizabeth WarrenElizabeth Ann WarrenRahm Emanuel: Bloomberg, Patrick entering race will allow Democrats to have 'ideas primary' Feehery: Pivoting to infrastructure could help heal post-impeachment wounds Jayapal hits back at Biden on marijuana 'prohibition' MORE's plan to levy an annual wealth tax on fortunes in excess of $50 million was supported by an even larger number of registered voters in a Hill-HarrisX survey conducted Feb. 1-2. In that study, 74 percent of respondents favored the proposal. 

"Folks don't feel like the rich pay enough and we've seen that on a lot of the polling on taxes recently," Eli Yokley, a political reporter with Morning Consult said Friday on "What America's Thinking," Hill.TV's show about public opinion and political research.

"A lot of these plans, from Bernie Sanders, from [Ocasio-Cortez], from Elizabeth Warren have been very popular. And that's something that President Trump's probably thinking about as the Republican [income tax] plan that passed last year has lost popularity with the public," Yokley added.

While support for increasing inheritance taxes appears to be less popular than other tax hike ideas, a Swedish study released in January found that polling respondents were much more likely to support estate taxes when they were given information about how much of the country's fortunes consisted of inherited wealth.

—Matthew Sheffield