November 8, 2012
Stats: how Americans would handle the budget
Campaign for Our Future -Mitt Romney – the candidate of, by and for the 1 percent – lost significantly because the middle class responded to a class war debate, according to this election day poll by Democracy Corps and the Campaign for America's Future.
Their first priority is to create jobs and get the economy going. Many mistakenly believe that large deficits cost jobs. But when we asked them to chose between work to “grow the economy” and a plan to “reduce the deficit,” they chose growing the economy by more than two to one, 62-30, a margin of 31 percentage points. Fifty-five percent said they felt strongly on the first.
Second, voters disagree strongly with the priorities of the elite consensus congealing around the president’s deficit commission co-chairs, Alan Simpson and Erskine Bowles, and his own discussions of a grand bargain with House Speaker John Boehner. Those discussions suggest a deal that trades cuts in Medicare and Social Security for tax reform that lowers rates for individuals and corporations while gaining revenue by closing loopholes – a sort of Romney-lite tax reform.
When it comes to a deficit reduction plan, Americans have clear ideas.
They want tax rates to be raised on the wealthy. 68 percent find a plan that did not raises taxes on the rich “unacceptable.” 70 percent support a plan that raises taxes on the top 2 percent while keeping the taxes of others at the same level. 63 percent would find a plan that continued to tax investors’ income at lower rates than worker’s wages unacceptable. 75 percent would support a plan to create a higher tax bracket for millionaires. 67 percent finds a plan that lowers tax rates on corporations or the rich unacceptable.
They do not want Social Security benefits cut over time. By 62 to 31, they would find a plan that did that unacceptable.
They do not want Medicare payments cut or capped: 79 percent, nearly four out of five, find capping Medicare payments forcing seniors to pay more unacceptable.
By 50 percent to 41 percent, they favor a deficit reduction plan that starts with closing loopholes and raising tax rates at the top, and excludes cuts to Medicare and Social Security over one that closes loopholes but “gets entitlement spending under control, including reducing the growth of Medicare and Social Security.”
The public is very skeptical of the $1.5 trillion in across-the-board cuts in discretionary spending over the next 10 years that Congress has already passed Most Americans do not share the scorn of Republican vice presidential candidate Paul Ryan for poverty programs providing a “hammock” for the lazy.
Seventy-five percent – three-fourths of the country – find a plan unacceptable if it requires deep cuts in domestic programs without protecting programs for infants, poor children, schools and college aid.