Paul L. Caron

Saturday, February 25, 2012

Poll: Public Favors Obama's Millionaire's Tax, Spending Cuts over Tax Hikes to Cut Deficit

Washington Post, Poll: Millionaire Tax Popular, but People Prefer Spending Cuts to Tax Hikes to Cut Deficits:

Most people like President Barack Obama’s proposal to make millionaires pay a significant share of their incomes in taxes. Yet they’d still rather cut spending than boost taxes to balance the federal budget, an Associated Press-GfK poll shows, giving Republicans an edge over Democrats in their core ideological dispute over the nation’s fiscal ills. ...

Sixty-five percent of the people in the AP-GfK poll favor Obama’s plan to require people making $1 million or more pay taxes equal to at least 30% of their income. Just 26% opposed Obama’s idea. Yet by 56% to 31%, more embraced cuts in government services than higher taxes as the best medicine for the budget.

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Of course the majority of Americans favor spending cuts over tax hikes. 61% of Americans think that the federal government pours at least 5% of its budget into public broadcasting.

Posted by: Justin | Feb 25, 2012 2:16:53 AM

Why weren't pixie dust and unicorn hugs listed as options?

Posted by: Joe Kristan | Feb 25, 2012 6:35:42 AM

True enough Justin. But you forgot that a vast majority of Americans believes that foreign aid consumes 10% of the budget.

This poll would have been more interesting if the pollsters had followed up by asking those people who favored budget cutting to tax increases to respond to a list of items to cut. Polls that have done so uniformly show majority rejection of any cuts to anything--except foreign aid.

Posted by: Publius Novus | Feb 27, 2012 8:39:22 AM