Poll: Millionaire Tax Popular, Spending Cuts Too
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.
The survey suggests that while Obama’s election-year tax plan targeting people making at least $1 million a year has won broad support, it has done little to shift people’s basic views in the long-running partisan war over how best to tame budget deficits that lately have exceeded $1 trillion annually.
“Everybody should be called to sacrifice. They should be in the pot with the rest of us,” Mike Whittles, 62, a Republican and retired police officer from Point Pleasant, N.J., said of his support for Obama’s tax proposal for the wealthy. But Whittles said he still prefers cutting government spending over raising taxes because of federal waste and what he calls “too many rules, too many regulations.”
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 percent of their income. Just 26 percent opposed Obama’s idea.
Yet by 56 percent to 31 percent, more embraced cuts in government services than higher taxes as the best medicine for the budget, according to the survey, which was conducted Feb. 16 to 20. That response has changed only modestly since it was first asked in the AP-GfK poll last March. The question on Obama’s tax on the rich was not asked previously.