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


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%