iBankCoin
Joined Nov 11, 2007
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Gutting Budgets are in Favor Over Tax Increases for Reducing the Deficit

“(Reuters) – Cutting government programs is favored as the way to reduce the budget deficit by more than twice as many Americans as those who favor raising taxes, said a Reuters/Ipsos poll.

In a result that has held fairly steady over the past five months, the poll, released on Monday, found that 22 percent of those surveyed said that spending cuts alone were the solution, while 36 percent favored a mix of more cuts than tax increases.

In contrast, only 7 percent favored raising taxes alone, with 17 percent saying a mix with more tax increases than cuts would work best to lower the government’s $1.2 trillion deficit.

Thirteen percent said they were unsure and 5 percent said they did not know or were unsure about what should be done.

These results were nearly unchanged from February, although since January, support for budget cutsas the main way to attack the deficit problem had declined slightly.

With the Congress deeply divided on fiscal issues, the November 6 presidential and congressional election campaigns are increasingly dominated by debate over taxes and spending…”

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