Public concern over the debt and deficit, already extensive, is only likely to increase as the so-called “fiscal cliff” approaches at the end of the year. Yet among a dozen specific options for reducing the debt and deficit, only two win majority approval from the public – raising taxes on annual incomes over $250,000 (64% approve) and limiting corporate tax deductions (58%).
A new national survey by the Pew Research Center for the People & the Press, conducted Oct. 4-7, among 1,511 adults, including 1,201 registered voters, finds that cuts in education spending are particularly unpopular. Fully 75% disapprove of reducing federal education funding and 61% oppose cuts in funding for student loans.
Majorities also oppose reducing military defense spending (56%) and funding for scientific research (54%). Opinion is divided over reducing funding to help low-income Americans (50% disapprove vs. 43% approve).
Read the full report, Deep Divisions over Debt Reduction, on the Pew Research Center for the People & the Press website.