Consumers Don't Want Flat Tax

Poll Shows Strong Support for Mortgage Deduction

April 1, 1996

Fifty percent of Americans who responded to a recent Associated Press poll said they oppose a flat tax that would "take away all or most deductions, including the home mortgage interest deduction," lending support to NAR's position that the benefits of a pure flat tax aren't worth the loss of the mortgage interest deduction.

Barely a third, or 32 percent, said they support a flat tax, and 18 percent said they weren't sure.

The survey of 1,000 Americans was conducted Feb. 14-20 by the ICR Survey Research Group of Media, Pa., for The Associated Press. The survey has a margin of error of plus or minus 3 percentage points. The AP is a cooperative news organization whose members include the nation's major print and broadcast news media. The AP's mission is to report news objectively and without bias.

NAR opposes flat tax proposals that don't allow any deductions for mortgage interest. (For more on NAR's position, see page 48.)

Although the AP poll shows little support for the flat tax, a majority of those who responded did support lower or no taxes on investment income. NAR has long supported a cut in the capital gains tax rate and continues to lobby Congress in support of that issue. According to the AP poll, 55 percent of respondents said they think investment income should be taxed less than wages, including 29 percent who said investment income shouldn't be taxed at all.

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