While President Obama’s bipartisan deficit reduction commission is considering a mix of spending cuts and tax increases to tackle the country’s growing deficit, a slight majority of voters now say it’s possible to balance the budget without raising taxes.
The latest Rasmussen Reports national telephone survey shows that 51% of Likely U.S. Voters believe it is possible to achieve a balanced federal budget without tax hikes, but that's up 14 points from February. Thirty-three percent (33%) disagree and think raising taxes is necessary, while another 16% are undecided. (To see survey question wording, click here.)
In the previous survey, 42% did not believe it is possible to balance the budget with raising taxes.
Opponents of extending the so-called Bush tax cuts cite the size of the federal deficit as one of their chief arguments, but voters still hold a slight preference for continuing those tax cuts for all Americans rather than continuing them for all but the wealthy.
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The survey of 1,000 Likely Voters was conducted on November 13-14, 2010 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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