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Posted by on Aug 11, 2011 in Economy, Politics | 16 comments

CNN Poll: Majority Want Tax Increase for Wealthy and Deep Spending Cuts

The new special Congressional super committee could pose additional political risks for one of the political parties: the one that overreaches first. The reason: a new CNN poll shows that the majority of Americans want a mix of decisions — in effect a compromise:

Most Americans want a special congressional committee tasked with drafting a long-term solution to the nation’s mounting federal deficits to include tax hikes for the wealthy and businesses and deep cuts in domestic spending, according to a new national survey.

So can:

  • the Republicans agree to some form of tax hikes? It doesn’t sound that way given the just-announced GOP appointments to the committee.
  • the Democrats agree to deep spending cuts — truly DEEP? Again, it is iffy given those who were appointed by Harry Reid, although perhaps a little less iffy than Republicans who signed the no tax pledge agreeing to taxes.

  • A CNN/ORC International Poll released Wednesday also indicates that the public doesn’t want the super committee to propose major changes to Social Security and Medicare or increase taxes on middle class and lower-income Americans.

    This could mean GOPers could be at odds with most Americans on these issues as well.

    Under the debt ceiling deal passed by Congress and signed by President Barack Obama last week, a panel of 12 legislators – six Democrats and six Republicans, equally divided between the House and Senate – will be created to try to work out $1.5 trillion in deficit reduction after an initial round of more than $900 billion in spending cuts.

    If the committee fails to reach agreement or Congress fails to pass whatever package it recommends, a trigger mechanism will enact further across-the-board cuts in government spending, including for the military.

    According to the poll, 63 percent say the super committee should call for increased taxes on higher-income Americans and businesses, with 36 percent disagreeing. And by a 57 to 40 percent margin they say the committee’s deficit reduction proposal should include major cuts in domestic spending.

    But cuts in defense spending get a mixed review: Forty-seven percent would like the committee to include major cuts in military spending, with 53 percent saying no to such cuts.

    Nearly two-thirds say no to major changes to Social Security and Medicare. And nearly nine in ten don’t want any increase in taxes on middle class and lower income Americans.

    “Republicans and Democrats disagree on the need for cuts in domestic and military spending, as well as tax increases for higher-income Americans, but they do agree that the committee should stay away from tax hikes for the middle class and major changes to Social Security and Medicare,” says CNN Polling Director Keating Holland.

    According to the survey, only a third say that taxes on wealthy people should be kept low because higher-income Americans help create jobs, with 62 percent saying that taxes on the wealthy should be high so the government can use the money for programs to help lower-income Americans.

    On balance?

    It seems likely that:
    *there will be no or little compromise on the part of the committee due to demands on each side and political constraints.
    *political dominant Tea Party Republicans will continue to irk some segments of America but due to the way they have out political muscled and outmaneuvered Democrats they will likely continue to be the ones calling the shots in this ongoing political drama and in the Republican Party itself.

    That might not happen if Barack Obama transforms his political style and is far more assertive.

    But, then as my grandmother used to say: “If, if..If I had wheels I’d be a trolley car.”

    UPDATE: Republican Bruce Bartlett notes HERE that 23 polls say people support higher taxes to reduce the deficit.

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