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Thread: Poll: Debt ceiling deal should include cuts and tax increases

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    Poll: Debt ceiling deal should include cuts and tax increases

    A new poll by CBS News shows a majority of Americans - Democrat, Independent and Republican - prefer a combination of spending cuts and tax increases as part of a deal to raise the debt ceiling. SO, when is the GOP going to catch up?

    Poll: Debt ceiling deal should include cuts and tax increases – CNN Political Ticker - CNN.com Blogs

    (CNN)-As the debt ceiling clock ticks down, a new poll indicates that more Americans favor a balanced approach to reaching a deal resolving the nation's budget deficit.
    According to a CBS News Poll released Monday, 66 percent of Americans say an agreement to raise the amount of money the nation can borrow should include both spending cuts and tax increases.

    More than half of Republicans say the agreement should be balanced and roughly seven out of ten Democrats and independents say the same. More tea party supporters also agree, since 53 percent say any deal should include both spending cuts and tax increases.
    Republicans and adults who identify with the tea party are more likely than Democrats or independents to support a plan that only includes spending cuts. Almost four in 10 Republicans favor using spending cuts alone to reduce the deficit and 44 percent of tea party supporters agree. Twenty percent of Democrats would leave tax increases out of a debt ceiling deal and include cuts only; 28 percent of independents say the same.
    And though the nation is divided on whether the debt ceiling should be raised at all, with 46 percent saying it should be raised and almost half-49 percent-saying it should not, more Americans favor an increase in the debt ceiling than one month ago. Almost a quarter of the country agreed the debt ceiling should be raised in June; that percentage increased by 22 percentage points in the new survey.


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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    You ought to know this by now; CBS oversamples their polls with Dems.

    From the poll :
    unweighted weighted
    Total Respondents 810
    Total Republicans 214 193 (24%)
    Total Democrats 272 282 (35%)
    Total Independents 324 335 (41%)
    Last edited by OpportunityCost; 07-19-11 at 03:26 AM. Reason: No matter how you space it out the forum pushes it back together. Cant make it any neater than that unfortunately.

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by OpportunityCost View Post
    You ought to know this by now; CBS oversamples their polls with Dems.

    From the poll :
    unweighted weighted
    Total Respondents 810
    Total Republicans 214 193 (24%)
    Total Democrats 272 282 (35%)
    Total Independents 324 335 (41%)
    Looks like they over sample with independents.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    And dems both. Party affiliation is honestly weak with both parties right now.

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by OpportunityCost View Post
    And dems both. Party affiliation is honestly weak with both parties right now.
    I have no doubt. While I don't put much stock in these polls, and Jon Stewart had a lot of fun this evening with the differing polls, I think any random poll would have difficulty having exact numbers of republicnas and democrats.

    But let me ask, are you suggesting democrats are not responsible? I would argue that cutting spending and rasiing taxes is the responsible thing to do.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    I think we differ on the proportions. Right now I think we should be cutting a great deal more than we are taxing because spending has risen so dramatically in the last decade. I do indeed hold both parties responsible.

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by OpportunityCost View Post
    I think we differ on the proportions. Right now I think we should be cutting a great deal more than we are taxing because spending has risen so dramatically in the last decade. I do indeed hold both parties responsible.
    The devil is always in the details, but you seem reasonable. the scales don't have to be exactly even, and I think we could have an honest disagreement as to where the line is, but am I correct you would accept some form of rasing taxes? In conjunction with greater cuts?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by Sgt Meowenstein View Post
    A new poll by CBS News shows a majority of Americans - Democrat, Independent and Republican - prefer a combination of spending cuts and tax increases as part of a deal to raise the debt ceiling. SO, when is the GOP going to catch up?
    Excellent question. I honestly believe they will not. They have trapped themselves in a corner with their base they can't figure a way out of, and think it is better to give the 2012 election a pass and try again in 2016. Their slew of bat **** crazy candidates seems to confirm this.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by OpportunityCost View Post
    You ought to know this by now; CBS oversamples their polls with Dems.

    From the poll :
    unweighted weighted
    Total Respondents 810
    Total Republicans 214 193 (24%)
    Total Democrats 272 282 (35%)
    Total Independents 324 335 (41%)

    There have been 19 other polls since January that all say the same thing:


    19 Different Polls Show That Americans Support Tax Increases To Cut Deficit
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    I think a lot of the recommendations from Simpson Bowles were reasonable and should have been followed. Our tax code is a mess. Straightening it out and lessening the impact of tax avoidance is a good stance.

    However our current corporate tax is amongst the highest in the world, if we want to raise revenues we need to grow our GDP. We wont do that by continuing to tax corporations in a global economy. Its far too easy to shift your center of operations and grow elsewhere. Cuomo sees that on a state level in NY and I think Quinn in Illinois is seeing it very strongly with the current changes they made to state income tax, as far as Brown in California, I dunno. I mention these three states because they have tremendous operating budgets and are in the most trouble in terms of spending and unfunded liabilities (insurance, pensions and benefits down the road).

    I bet we also disagree on amortization of capital as a "loophole" but its been there for a very long time, and capital investments do indeed depreciate.

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