Tuesday, December 23, 2003

Investor class critical of Bush policies

Although 73 percent of investors polled say they have gained from the Bush tax cuts in 2001 and 2003, 84 percent say they would have preferred a different approach to fiscal policy. More than 50 percent would have favored additional spending for Social Security, Medicare, job creation, health insurance or education.

Forty-nine percent of those polled are Republican and 20 percent are Democrats. Fifty-two percent describe their political views as moderate and 38 percent are conservatives.

Respondents have a median household income of $98,000 and a median portfolio size of $387,000.

"It was surprising to us in particular that support for the President's tax cuts was so weak and, in general, that our subscribers don't seem nearly as worried about federal tax relief as they do a whole host of other issues -- from health care to education," Money Managing Editor Bob Safian says in a written statement.

Half of those polled say they would vote for Bush if an election were held today.

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