Every single poll shows that the American public overwhelmingly supports higher taxes on the wealthy as part of a package to cut the deficit. The margins are staggering: the NYT poll shows a majority of 74 - 21; even Rasmussen shows a majority of 56 - 34. What the president proposed this morning is simply where the American people are at. If he keeps at it, if he turns his administration into a permanent campaign for structural fiscal reform, I don’t see how he loses the argument.
The original question for this poll, Can/Should the Budget Deficit Be Reduced with Spending Cuts Alone or Should There Be Some Increase in Taxes? Click the image for a link to the polls.
The US has low taxes compared to other countries of this caliber. So, taxes should, justifiably, be raised. However, raising taxes is no excuse for keeping spending the same. I would appreciate trimming the junk spending rather than taking money out of welfare because of nonsensical excuses.