Sixty-three percent (63%) of U.S. voters say Wall Street will benefit more than the average taxpayer from the revised $700-billion economic rescue plan the House is expected to vote on today. Just 22% think the taxpayer will benefit more.

Democrats, Republicans and unaffiliated voters feel this way by virtually identical numbers.

That explains why a plurality (45%) oppose the taxpayer-financed plan, approved by the Senate on Wednesday, while 30% support it, according to a new Rasmussen Reports national telephone survey taken Thursday night. One-quarter (25%) of voters remain undecided even as the plan has dominated the headlines for nearly two weeks.

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While Republican voters oppose the plan nearly two-to-one, Democrats are more evenly divided. Unaffiliateds are against the bailout 46% to 28%.

Forty-four percent (44%) of voters believe the rescue plan will help the economy. But a nearly identical number say it will hurt the economy (23%) or have no impact (19%). Here, too, there is little variation in the findings among Republicans, Democrats and unaffiliated voters.

Fifty percent (50%) of investors believe the plan will help (full demographic crosstabs available for Premium Members).

These current findings parallel those in a survey released Tuesday in which 45% of voters said Congress should take action to help the troubled financial industry, while 44% thought Wall Street should take care of its own problems.

But then just 26% of American adults have even a little bit of confidence that the nation’s policy makers know what they’re doing when it comes to the current problems on Wall Street.

Voters nationwide continue to rank the economy as the number one issue this election year, and by substantial majorities they say the country’s economic situation is getting worse. The Rasmussen Consumer Index and the Rasmussen Investor Index, which measure confidence in both these areas on a daily basis, continue to hover in record low territory.

In the latest national voter survey, nearly half (47%) continue to worry more that the federal government will do too much in the current economic climate than not enough, but 36% have the opposite concern. A week ago, however, 63% worried that the government would do too much.

Fifty-nine percent (59%) of voters today still agree with the Ronald Reagan dictum that “government is the problem,” not the solution.

Bush Administration officials, congressional leaders and both major presidential candidates say the bailout plan is necessary to stabilize the troubled U.S. economy. The House, including two-thirds of Republican congressmen, rejected the first version of the plan in a close vote on Monday, prompting the biggest drop in the stock market since 1987.

A revised version of the plan, with tax cuts and more protections for the taxpayer money involved, was passed by the Senate on Wednesday and is likely to be voted on in the House today.

Supporters say the government needs to buy up bad debt for resale when economic conditions improve which, in turn, will free up credit for average Americans. Opponents fear the risk to taxpayers and the unprecedented level of government involvement in the free market.

Voters currently trust Democrats more on handling the economy but Republicans more on the issue of taxes.

Men oppose the bailout plan more than women, although a plurality of both by similar numbers believe the plan will help the economy. Fifty-two percent (52%) of men worry that the government will do too much versus 44% of women.

While 52% of white voters fear the government will do too much, just 25% of African-American voters feel that way.

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