Americans believe that the pain of reducing the deficit should be based on government cuts and not changes in the tax code. They do not, however, expect their own taxes to drop as a solution to the nation’s debt trouble.
And, it appears that most people do not believe in the $858 billion stimulus package. Very few want to repeat the process again.
“Americans are most likely to choose deficit and debt reduction as the best approach for dealing with the economy over three widely discussed alternatives: raising taxes on the wealthy, cutting taxes, and increasing stimulus spending,” a new Gallup poll shows
“Americans do not show a strong consensus for any of the approaches, but clearly reject additional economic stimulus spending. The increased government spending in late 2008/early 2009 to bail out major U.S. corporations and attempt to jump-start the economy concerned many Americans and helped fuel the Tea Party movement, leading to significant Democratic losses in Congress in the midterm elections. That concern is also reflected in Americans’ endorsing deficit reduction as an economic strategy over generally popular approaches like tax cuts or tax hikes on the wealthy.”
Douglas A. McIntyre
Top Gaining Stocks
Top Losing Stocks