WASHINGTON (AP) — Americans prefer letting tax cuts expire for the country’s top earners, as President Barack Obama insists, while support has declined for cutting government services to curb budget deficits, an Associated Press-GfK poll shows. Fewer than half the Republicans polled favor continuing the Bush-era tax cuts for the wealthy.
There’s also a reluctance to trim Social Security, Medicare or defense programs, three of the biggest drivers of federal spending, the survey released Wednesday found. The results could strengthen Obama’s hand in his fiscal cliff duel with Republicans, in which he wants to raise taxes on the rich and cut spending by less than the GOP wants.
As Obama and Republicans joust over ways to avoid tumbling over the cliff when the new year begins, the poll offers scant evidence that the public is willing to sacrifice much when it comes to specific cuts in the name of budget austerity.
Social Security, Medicare and defense account for just over half the $3.8 trillion the government is projected to spend this year. Voters typically voice support for deficit reduction but shy away from painful, detailed cuts to achieve it.
In the poll, 48 percent said tax cuts should expire in January on earnings over $250,000 but continue for lower incomes.
48% you say? That’s mighty close to 47%. LOL