OUR SPONSORS







Tax and Cut

chartInfographic by Ira F. Cummings / Source: Cooperative Congressional Election Survey, November 2011. N = 2,500.


[Click on the chart to enlarge.]



A remarkable thing happened in U.S. politics last year. Raising the debt ceiling, a routine process that for decades had mostly been ignored outside Washington, D.C., became a source of nationwide contention. At the Cooperative Congressional Election Study, we examined public support for various proposals to substantially reduce government expenditures or increase revenues. The proposals included tax increases on the average American, tax increases on investments, and tax increases on the wealthiest, as well as cuts in Medicare, Medicaid, and defense spending, and restructuring Social Security and other programs.

Though pretty much everyone wants the debt lowered, most of the schemes we studied are highly unpopular. Majorities of Americans reject broad tax increases and elimination of the mortgage interest deduction, a tax break for homeowners. Large majorities oppose cuts in Medicaid and increases in out-of-pocket Medicare costs. A plurality opposes increasing the Social Security retirement age to 68.

What do people favor? Large majorities support raising taxes on those who earn more than $250,000 a year and on corporations. A plurality would raise capital gains tax rates.

Not surprisingly, tax increases on those earning above the $250,000-per-year threshold and on corporations are central to President Obama’s reelection campaign. But such tax increases alone would not be enough. In order to bring the deficit down significantly, the winners of the 2012 elections for the presidency and Congress will be forced to make cuts and therefore face very unpopular choices. The survey data suggest that while the public is at best divided on serious cuts, the most popular targets will be the defense budget and federal employee pensions.


Post this page to: del.icio.us Yahoo! MyWeb Digg reddit Furl Blinklist Spurl

Comments

Name
E-mail (Will not appear online)
Title
Comment
To prevent automated Bots from spamming, please enter the text you see in the image below in the appropriate input box. Your comment will only be submitted if the strings match. Please ensure that your browser supports and accepts cookies, or your comment cannot be verified correctly.



Powered by Comment Script
del.ici.ous  stumbleUpon  Reddit  Facebook    Digg   RSS Feed Icon

About the Author

Stephen Ansolabehere, Professor of Political Science at Harvard University, is coauthor of The Media Game and The End of Inequality.

Anthony Fowler and Michele Margolis,
Know Where You Stand

Kendra Bischoff and Sean F. Reardon,
No Middle Ground

Bruce Western,
Crime and Punishment


   



Boston Review Newsletter