Many Americans say corporations and households earning $400,000 a year should pay more in taxes. Democrats lean more heavily in favor. Republicans less so. Conservatives even less, as research shows.

Image Credit: Pew Research

A Pew Research Center survey, done late January to early February 2025, finds most Americans support raising taxes. On big corporations and on households making more than $400,000 a year. Sixty-three percent say corporate taxes should go up. About a third, 34%, want a real, significant increase. For wealthy households, 58% are on board. Twenty-three percent want a bigger jump there too.

Partisan differences stand out. Among Democrats and Democratic-leaning independents, 81% favor higher corporate taxes. Republicans? Only 43%. High-income households, Democrats, 74% support raising taxes. Republicans again, 43%.

And ideology inside parties matters too. Democrats: 90% of liberals favour higher corporate taxes. Moderates and conservatives, 76%, still strong, but less intense. Republicans are more mixed: 58% of moderates and liberals support it, only about a third of conservatives.

So yes, there’s support across income levels, across parties. But the intensity, the how-much, really shifts depending on who you ask. But the picture is clear enough. Many Americans, many perspectives, think corporations and the wealthy should pay more.

Igielnik, R. (2025, March 19). Most Americans continue to favor raising taxes on corporations, higher-income households. Pew Research Center. https://www.pewresearch.org/politics/2025/03/19/most-americans-continue-to-favor-raising-taxes-on-corporations-higher-income-households/