While many voters nationwide oppose President Obama’s new deficit reduction plan, most support raising taxes on the wealthy.
A new Rasmussen Reports national telephone survey finds that 37% of Likely Voters favor the deficit reduction plan proposed by the president, while 42% oppose it. Another 21% are not sure. (To see survey question wording, click here.)
The proposal calls for a minimum tax rate for individuals making more than $1 million a year. Fifty-three percent (53%) of voters favor such an approach which the president has called the “Buffet Rule,” a reference to billionaire investor Warren E. Buffet, who has complained that the wealthiest Americans pay a smaller share of their income in federal taxes than do middle-income workers.
Most voters believe the middle class pays more in taxes than high income earners.[link to our story] However, an Associated Press analysis found that the wealthiest Americans pay a significantly larger share of their income in taxes.[link to AP fact check story on obama speech]
Just 29% oppose the minimum tax rate for million dollar earners while 17% more are undecided.
Obama’s plan also includes repealing the Bush era tax cuts for couples making more than $250,000 a year, and a plurality (45%) favor such a proposal. Thirty-nine percent (39%) oppose repealing these tax cuts, while 16% are not sure.
(Want a free daily e-mail update? If it's in the news, it's in our polls). Rasmussen Reports updates are also available on Twitter or Facebook.
The survey of 1,000 Likely Voters was conducted on September 20-21, 2011 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.
Rasmussen Reports is a media company specializing in the collection, publication and distribution of public opinion information.
We conduct public opinion polls on a variety of topics to inform our audience on events in the news and other topics of interest. To ensure editorial control and independence, we pay for the polls ourselves and generate revenue through the sale of subscriptions, sponsorships, and advertising. Nightly polling on politics, business and lifestyle topics provides the content to update the Rasmussen Reports web site many times each day. If it's in the news, it's in our polls. Additionally, the data drives a daily update newsletter and various media outlets across the country.
Some information, including the Rasmussen Reports daily Presidential Tracking Poll and commentaries are available for free to the general public. Subscriptions are available for $4.95 a month or 34.95 a year that provide subscribers with exclusive access to more than 20 stories per week on upcoming elections, consumer confidence, and issues that affect us all. For those who are really into the numbers, Platinum Members can review demographic crosstabs and a full history of our data.
To learn more about our methodology, click here.