Thứ Hai, 20 tháng 2, 2012

Political Memo: Obama’s Tax Policy Targets Slice of His Base: The Affluent

You would not know it from Republican cries of class warfare swirling around Mr. Obama’s new budget, which reiterates his calls for higher taxes on individuals earning more than $200,000 and households earning more than $250,000. Conventional understanding of election-season populism assumes that the president will be looking to stick it to die-hard Republicans.

In fact, affluent Americans have represented a growing portion of the Democratic Party for a generation. Even though Jimmy Carter won the presidency in 1976, for example, he trailed the Republican incumbent, Gerald Ford, 62 percent to 38 percent among voters in the highest income group (those earning more than $20,000, the equivalent of roughly $80,000 today) that were measured by people conducting exit polls.

By 2000, Vice President Al Gore, the Democratic presidential nominee, trailed George W. Bush 54 percent to 43 percent among the highest income group (those earning more than $100,000). In winning the presidency four years ago, Mr. Obama defeated Senator John McCain by 52 percent to 46 percent among voters in the top income group, those earning more than $200,000.

The conservative author Charles Murray, in his new book “Coming Apart,” which is about the nation’s widening class divide, identifies “Super ZIP codes” that the “hyper-wealthy and hyper-elite” call home. Even as he proposed higher taxes on the wealthy in 2008, Mr. Obama beat Mr. McCain in 8 of the top 10 such ZIP codes — by a ratio of 2 to 1 in communities like Atherton, Calif., Gladwyne, Pa., and Chappaqua, N.Y.

Mr. Obama also continued the Democrats’ progress among the much larger group of upper-middle-class voters. In counties with above-average incomes that the research organization Patchwork Nation calls Monied ’Burbs, Mr. Obama received 55 percent of the vote, up from the 49 percent President Bill Clinton received in 1996, the 43 percent that the Democratic nominee Michael Dukakis received in 1988 and the 36 percent Mr. Carter received in 1980.

To make the point that he is not lashing out at opponents, Mr. Obama often notes that his proposals would raise his own taxes or those of allies like Warren Buffett, the billionaire investor. But the Democratic Party’s increasing electoral success in upper portions of the income scale points to something broader: an argument that people like him have a civic responsibility to bear more of the burden of deficit reduction and to pay for government spending priorities.

“It is the opposite of a pander,” said Dante Chinni, the director of Patchwork Nation. And it carries risks as well as potential rewards.

Some fallout appears evident in donations from Wall Street executives, who feel particularly aggrieved by Mr. Obama’s criticisms and policies. After besting Mr. McCain four years ago with donations from the securities, hedge-fund and banking sectors, the president has seen the former Bain Capital executive Mitt Romney amass far more cash from each of them, according to the Center for Responsive Politics.

And in the latest New York Times/CBS News poll, Mr. Obama is supported by 43 percent and Mr. Romney by 47 percent of voters earning more than $100,000, even as he leads by six percentage points over all in a head-to-head matchup. In 2008, Mr. Obama split voters in the $100,000-plus category evenly with Mr. McCain. Yet Democratic strategists consider that fallout relatively modest and ascribe it more to frustration over gridlock in Washington than ire over potential tax increases. They see Mr. Obama as more vulnerable to defections among economically pinched working class voters than among higher earners whose taxes he would raise.

In large part that owes to the cultural influences that turned a large chunk of well-educated baby boomers toward the Democrats beginning in the 1960s. Those include support for activist government in areas like education, training and job creation, which Mr. Obama argues are necessary to spur growth and stem widening inequality of income and wealth.

“The types of affluent voters who have been going to vote for Democrats are unlikely to be driven away” by the prospect of higher taxes, said Geoff Garin, a pollster for Democratic candidates and for the “super PAC” backing Mr. Obama. “They have an appreciation for what those higher taxes pay for.”


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