Monday, October 22, 2012

More than half of Americans approve to have taxes raised on incomes over $250,000 and to limit tax deductions for large corporations -- raising taxes elsewhere does not have this kind of enthusiastic support

As reported in the Wall Street Journal Sunday edition, of the Daily Herald
21 October, 2012

STAT OF THE WEEK

Public Concern:  As the 'fiscal cliff' approaches at the end of the year, there are deep divisions over debt reduction.

Do you approve or disapprove the following debt-reduction proposals?

Raise tax rate on income over $250,000                  disapprove = 29%       approve = 64%

Limit tax deductions for large corporations               disapprove = 34%       approve = 58%

             
Reduce Medicare benefits for higher income seniors disapprove = 47%       approve = 49%

Limit deduction for mortgage interest                        disapprove = 44%       approve = 47%

Reduce military defense spending                             disapprove = 56%       approve = 40%

Reduce federal funding for college student loans        disapprove = 61%      approve = 34%

Reduce federal funding for education                        disapprove = 75%       approve 22%



Note: Not all answers are included

Source: Pew Research Center survey of 1,511 adults, including 1,201 registered voters, from Oct 4-7; margin of error plus or minus 2.9%