Consumers Oppose Capital Gains Tax Increases

According a nationwide household survey conducted by the American Consumer Institute, 60.1% of Americans said they oppose increases in the capital gains tax and only 25.7% voiced support such an increase. Opposition to a capital gains tax increase was widespread and across many demographic groups – most notably consumers living in the southern region of the U.S., blacks, those under 25 and those over 65 years of age, Republicans and those earning between $75,000 and $100,000 per year.

The national survey of 1,000 heads-of-households was conducted over the period of December 4th to 7th and is part of the Institute’s 2009 Consumer Pulse Survey. These survey results have an accuracy of plus or minus 3%.