SPONSORED:

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 SandersSenators say White House aides agreed to infrastructure 'framework' Briahna Joy Gray: Biden is keeping the filibuster to have 'a Joe Manchin presidency' On The Money: Biden to fire FHFA director after Supreme Court removes restriction | Yellen pleads with Congress to raise debt ceiling 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 TrumpIran claims U.S. to lift all oil sanctions but State Department says 'nothing is agreed' Ivanka Trump, Kushner distance themselves from Trump claims on election: CNN Overnight Defense: Joint Chiefs chairman clashes with GOP on critical race theory | House bill introduced to overhaul military justice system as sexual assault reform builds momentum MORE proposed in his State of the Union address last week. Last month, Sen. John ThuneJohn Randolph ThuneThe Hill's Morning Report - Presented by Facebook - GOP torpedoes election bill; infrastructure talks hit snag White House digs in as infrastructure talks stall On The Money: Democrats make full-court press on expanded child tax credit | White House confident Congress will raise debt ceiling 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-CortezHouse Democrats unveil spending bill to boost staff pay, maintain lawmaker pay freeze Five takeaways from New York's primaries Ocasio-Cortez says she ranked Wiley first, Stringer second in NYC mayoral vote MORE (D-N.Y.).

And Sen. Elizabeth WarrenElizabeth WarrenSchumer vows to advance two-pronged infrastructure plan next month Overnight Health Care: CDC panel meets on vaccines and heart inflammation | Health officials emphasize vaccine is safe | Judge rules Missouri doesn't have to implement Medicaid expansion Democrats urge Biden to extend moratorium on student loan payments 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