Just before the House of Representatives passed sweeping health care legislation last Sunday, 41% of voters nationwide favored the legislation while 54% were opposed. Now that President Obama has signed the legislation into law, most voters want to see it repealed.

The latest Rasmussen Reports national telephone survey, conducted on the first two nights after the president signed the bill, shows that 55% favor repealing the legislation. Forty-two percent (42%) oppose repeal. Those figures include 46% who Strongly Favor repeal and 35% who Strongly Oppose it.

In terms of Election 2010, 52% say they’d vote for a candidate who favors repeal over one who does not. Forty-one percent (41%) would cast their vote for someone who opposes repeal.

Not surprisingly, Republicans overwhelmingly favor repeal while most Democrats are opposed. Among those not affiliated with either major party, 59% favor repeal, and 35% are against it.

Most senior citizens (59%) also favor repeal. Earlier, voters over 65 had been more opposed to the health care plan than younger adults. Seniors use the health care system more than anyone else.

A number of states are already challenging the constitutionality of that requirement in court, and polling data released earlier shows that 49% of voters nationwide would like their state to sue the federal government over the health care bill.

Rasmussen Reports will track support for the repeal effort on a weekly basis for as long as it remains a significant issue. The next update will be released Monday morning.

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Sixty percent (60%) of likely voters believe the new law will increase the federal budget deficit. Only 19% disagree and say it will not. Twelve percent (12%) think it will have no impact on the deficit.

Throughout the legislative debate, advocates of the reform expressed frustration about the fact that voters believe it will increase the deficit. Many, including the president, pointed to Congressional Budget Office projections to argue that the plan will actually reduce the deficit. However, voters are skeptical of the official government projection, and 81% believe the actual cost of the program will be higher than projected.

Voters have consistently said that reducing the federal budget deficit is a higher priority than health care reform. They also believe that deficit reduction is the goal Obama is least likely to achieve as president.

Overall, 41% of voters believe the new health care legislation will be good for the country, while 49% believe it will be bad for the country.

While 64% of Mainstream voters think the health care plan will be bad for the country, 90% of the Political Class see its passage as a good thing.

Twenty-six percent (26%) of voters nationwide say the legislation will have a positive impact on them personally, while 43% expect a negative impact. Twenty-five percent (25%) say the massive overhaul of the health care system will have no impact on them personally.

A total of 24% believe it will be good for the country and good for them personally. Forty percent (40%) believe it will be bad for the country and bad for them personally.

Generally speaking, the partisan and demographic breakdowns have shifted little since passage of the health care bill. Those groups who opposed the bill tend to support repeal and those who supported the bill oppose repeal.

The president has enjoyed a bounce in his Job Approval ratings in the Rasmussen Reports daily Presidential Tracking Poll following passage of the legislation. However, the bounce has come from increased enthusiasm among Democrats rather than increased support from Republicans and unaffiliated voters.

While some aspects of the new health care law are popular, most voters oppose the measures required to cover the nearly one trillion dollars in additional spending called for over the next decade. Fifty-six percent (56%) oppose the reductions in Medicare spending, a figure that includes 70% of those over 65.

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