Democrats in the Senate are talking of cutting back President Obama's pledge of tax cuts for most Americans in the face of record deficits. But 63% of U.S. voters now say tax cuts would help the economy, according to a new Rasmussen Reports national telephone survey.

That’s up from 56% in February and marks the highest level found in years of tracking this question. Scott Rasmussen has posed this polling question regularly since the mid-nineties and Rasmussen Reports now tracks it on a monthly basis.

Only 13% say tax cuts would hurt the economy, down from 16% a month ago.

Most voters (51%) believe increasing taxes would hurt the economy, the highest reading on this question since early January. Just under a quarter (23%) of voters say tax increases would help the country's economic situation.

Republicans are more enthusiastic about the benefits of tax cutting, while Democrats are more likely to believe that tax increases are beneficial to the economy.

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One-in-three voters (33%) say taxes will go up under the Obama administration, up from 31% in the last survey. The plurality (42%) say taxes will stay about the same. Only 14% think taxes will go down.

A separate survey released earlier today found that 66% of voters think the president is likely to raise taxes on those who make less than $250,000 per year. On the campaign trail and since, Obama has promised a tax cut for 95% of Americans and a tax increase only for those who earn more than a quarter-million dollars a year. However, his tax cut pledge has been put at risk by senators worried about the amount of new spending in his $3.6 trillion budget and propose phasing out those cuts unless other savings are found.

Voters are evenly divided over whether the president's budget is good or bad for the economy.

Seventy-two percent (72%) of Republicans say tax cuts would help the economy, as do 68% of unaffiliated voters and 52% of Democrats. Eighteen percent (18%) of Democrats think tax cuts would hurt the economy, a view shared by nine percent (9%) of GOP voters and 10% of unaffiliateds.

The plurality of Democrats (41%) think tax increases would be a benefit to the economy, but only eight percent (8%) of Republicans and 16% of unaffiliated voters agree. Seventy-six percent (76%) of GOP voters and 58% of unaffiliateds say tax increases would hurt the economy, but just 27% of Democrats feel the same way.

Sixty-eight percent (68%) of voters overall see government spending going up under the new president, down from 72% earlier in the month. Only 10% say the level of government spending will go down, while 16% think it will stay about the same.

Most voters (52%) think they pay more than their fair share of taxes. That’s up from 48% in February but equal to the level found in earlier January. Thirty percent (30%) don’t think they pay enough.

Voters remain fairly evenly divided as to what is more important in a candidate when it comes to taxes. While 43% say they would rather vote for a candidate who opposes all tax increases, 42% say they would support one who raises taxes only on the rich. Earlier in the month, voters preferred the latter by a 44% to 40% margin.

The majority of voters (54%) say a tax policy that helps the economy grow is more important than one that makes everyone pay their fare share. Thirty-nine percent (39%) take the opposite viewpoint. Those results have remained fairly consistent since July of last year.

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