As I mentioned a few days ago, this is going to be a major issue in the 2012 elections. Republicans don't believe that billionaires are any better off than anyone else and don't want their taxes raised. Democrats believe the wealthy should pay a higher percentage than those who make minimum wage.
This CNN poll confirms my thoughts. 63% of Americans believe that the wealthy should have to revert the the tax they were paying before President George W. Bush gave them big tax breaks.