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New Low: 47% Say Tax Cuts Help The Economy

Sunday, March 16, 2014

Despite news that President Obama is proposing $55 billion in new government spending and higher taxes in 2015, slightly fewer voters expect their own personal taxes to up during the remainder of his presidency. Most continue to believe increased spending hurts the economy, but for the first time, fewer than half of voters believe tax cuts help the economy.

A new Rasmussen Reports national telephone survey finds that 37% of Likely U.S. Voters expect their own personal taxes to go up under the Obama administration. That’s down eight points from December and is the lowest level measured since November 2012. Still, just eight percent (8%) expect their taxes to go down under Obama, while 43% expect them to remain about the same. Thirteen percent (13%) are not sure. (To see survey question wording, click here.)

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The survey of 1,000 Likely Voters was conducted on March 12-13, 2014 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

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