Hispanic support for corporate tax lower than rest of country, most concerned about jobs, says poll
A new poll of Americans found that Latinos were less likely to support a minimum corporate tax than whites and African Americans and most concerned about the health of the labor market
August 30, 2022 8:42pm
Updated: August 31, 2022 12:38pm
A new poll of Americans found that Latinos were less likely to support a minimum corporate tax than whites and African Americans and most concerned about the health of the labor market.
The poll, conducted by The Economist and YouGov from August 13-16, found that 42% of 1,500 respondents strongly support a law requiring corporations earning over $1 billion pay a 15% minimum tax on their profits.
But only 35% of Hispanics felt that way. College educated white women (53%) and Blacks (46%) were the most likely to strongly support a corporate tax law.
Hispanics were also the least supportive of the corporate tax law when those who “somewhat support” it were included – 59% for Latinos against 63% on average, as well as the least likely to say taxes and government spending were a very important issue (47% to 58%).
Both Hispanics and Blacks were more likely to report they were not sure about a corporate tax law, 24% to 17%, which might mean the groups are not as familiar with the issue as other parts of the population.
Indeed, what reduced uncertainty among white men and women in the poll was higher education. Only about 8% of white college graduates were least likely to say they were unsure about a corporate tax law, but men were less likely to support it (38%) while women were more (53%) – even though they were equally likely before college at 43% each.
In recent months, much coverage has focused on how Hispanics are very sensitive to the health of the economy. Multiple polls have indicated the traditionally Democratic demographic are crossing the aisle over the left’s failures taming high inflation.
However, a more recent Economist/YouGov poll found Latinos were particularly preoccupied with employment. They were almost twice as likely to say that best indicator of an economic recession is the unemployment rate and job reports (20% to 11% on average).
Hispanics were also the least likely to look at the prices of goods and services they buy (35% to 40% on average) and whether the economy is shrinking or growing (12% to 40% on average).