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Fiscal Cliff: Majorities Only Favor Solutions Impacting the Wealthy
Christian Post ^ | 12/14/2012 | Napp Nazworth

Posted on 12/14/2012 9:24:45 AM PST by SeekAndFind

A poll by Pew Research Center shows that majorities of Americans only favor solutions that impact wealthy Americans to reduce the national debt and avoid the "fiscal cliff."

Pew provided respondents with 12 deficit reduction options and asked if they approved or disapproved of each option. Majorities approved of five of the options: raise taxes on income over $250,000 (69 percent), limit deductions a taxpayer can claim (54 percent), raise the tax rate on investment income (52 percent), reduce Medicare benefits for higher income seniors (51 percent), and reduce Social Security benefits for higher income seniors (51 percent).

Deficit reduction solutions that impact a broader range of Americans received less support. The options that majorities disapproved included: reduce military spending (55 percent), gradually raise Social Security retirement age (56 percent), gradually raise Medicare retirement age (56 percent), and limit the home mortgage deduction (52 percent).

If congressional Republicans and President Barack Obama do not reach an agreement on long-term deficit reduction, taxes will go up for all income groups and spending will be cut for military defense and other non-entitlement programs.

The programs that Americans most disapprove of cutting would be cut if the fiscal cliff is not avoided -- funding to help lower-income Americans (58 percent), for roads and transportation (67 percent), and for education (77 percent).

The poll suggests that Democrats have an advantage in the current negotiations. They mostly want to increase taxes on the wealthy while Republicans mostly want to cut spending and reform entitlements. Republicans have, though, suggested means testing Social Security and Medicare benefits.

Most Americans, 55 percent, also believe that Obama is making a serious effort to reach an agreement, but only 32 percent believe the same about Republican leaders.

The Dec. 5-9 poll of 1,503 adults has a margin of error of plus or minus 2.9 percentage points.


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: fiscalcliff; tax; taxes; wealth

1 posted on 12/14/2012 9:24:51 AM PST by SeekAndFind
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To: SeekAndFind

They’ve successfully rolled more than half the country into the “Eat The Rich” column. We are now officially Europe.


2 posted on 12/14/2012 9:28:55 AM PST by Buckeye McFrog
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To: SeekAndFind

I believe this poll is correct.

It’s human nature. it’s easy to demand your fellow man’s economics get destroyed and not yours

However, Americans are also not living in reality


3 posted on 12/14/2012 9:29:52 AM PST by LMAO ("Begging hands and Bleeding hearts will only cry out for more"...Anthem from Rush)
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To: SeekAndFind

Taxing the “rich” will make little difference on the deficit. Obama’s tax increase on those making above $200,000 will raise about $68 billion per year, but we are borrowing $4.6 billion per day so that tax increase covers less than two weeks of spending. The sheeple will soon find that funding the governments insatiable appetite for taxes will mean more than the “rich” will see huge tax increases.


4 posted on 12/14/2012 9:33:49 AM PST by The Great RJ
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To: SeekAndFind

First, you cannot trust Pew.

Second, the republicans have done nothing effective to counter an Obama media blitz.

Third, whatever the reason, whatever the polls, taxing the rich can’t solve the problems so for the good of the country other solutions are needed.

We’re just witnessing the reason not to go down this liberal road in the first place.


5 posted on 12/14/2012 9:34:01 AM PST by Andrei Bulba (No Obama, no way!)
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To: Andrei Bulba

RE: First, you cannot trust Pew.

They turned out to be more accurate in November 2012 than either Rasmussen or Gallup. The election results bear them out.

America has changed man. This is not the same America a generation ago when Reagan defeated Carter.


6 posted on 12/14/2012 9:40:01 AM PST by SeekAndFind
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To: The Great RJ

You mean a tax increase on the rich but an “obama tax cut” for everyone else? What happened to the “Bush tax cuts”?


7 posted on 12/14/2012 9:40:22 AM PST by Terry Mross ( I don't watch the "news". Someone ping me if anything big happens.)
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To: LMAO

Isn’t human nature reality?


8 posted on 12/14/2012 9:41:58 AM PST by stuartcr ("Everything happens as God wants it to, otherwise, things would be different.")
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To: SeekAndFind

9 posted on 12/14/2012 9:42:39 AM PST by Lancey Howard
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To: SeekAndFind

The bad news is we’re all “rich.”


10 posted on 12/14/2012 9:48:49 AM PST by Huskrrrr
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To: SeekAndFind; ding_dong_daddy_from_dumas; DoughtyOne; Gilbo_3; Impy; stephenjohnbanker; NFHale; ...
RE :”Pew provided respondents with 12 deficit reduction options and asked if they approved or disapproved of each option. Majorities approved of five of the options: raise taxes on income over $250,000 (69 percent), limit deductions a taxpayer can claim (54 percent), raise the tax rate on investment income (52 percent), reduce Medicare benefits for higher income seniors (51 percent), and reduce Social Security benefits for higher income seniors (51 percent).
Deficit reduction solutions that impact a broader range of Americans received less support. The options that majorities disapproved included: reduce military spending (55 percent), gradually raise Social Security retirement age (56 percent), gradually raise Medicare retirement age (56 percent), and limit the home mortgage deduction (52 percent).
If congressional Republicans and President Barack Obama do not reach an agreement on long-term deficit reduction, taxes will go up for all income groups and spending will be cut for military defense and other non-entitlement programs.
The programs that Americans most disapprove of cutting would be cut if the fiscal cliff is not avoided — funding to help lower-income Americans (58 percent), for roads and transportation (67 percent), and for education (77 percent).
The poll suggests that Democrats have an advantage in the current negotiations. They mostly want to increase taxes on the wealthy while Republicans mostly want to cut spending and reform entitlements. Republicans have, though, suggested means testing Social Security and Medicare benefits.
Most Americans, 55 percent, also believe that Obama is making a serious effort to reach an agreement, but only 32 percent believe the same about Republican leaders.”

Well Duh!
Slow learning party?

Here's one not to waste money on taking:

Which would you rather have the gubment do to reduce the deficit:
a) Raise taxes on those making much more than you?
or :
b) Raise the age you get medicare till 70 yrso?
or :
c) Raise taxes on YOU??

Remember how fun the R primary was? I mean we got to imagine a country sooo different for a few months or so.

Duh....

11 posted on 12/14/2012 9:50:38 AM PST by sickoflibs (Dems know how to win. Rs know how to whine.)
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To: SeekAndFind

It’s the Willie Sutton solution.

[William “Willie” Sutton (June 30, 1901 – November 2, 1980) was a prolific U.S. ... legend that he said that he robbed banks “because that’s where the money is.” ...]


12 posted on 12/14/2012 9:52:06 AM PST by ex-snook (without forgiveness there is no Christianity)
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To: LMAO

I guaran-dang-tee you that we’re going to end up applying FICA taxes to every last penny of income above $110K. There is simply no political will for any other solution to the Social Security crisis.


13 posted on 12/14/2012 9:55:16 AM PST by Buckeye McFrog
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To: LMAO
However, Americans are also not living in reality

Never thought I would be no longer be proud to be an American. The Country lost the Constitution and many no longer believe in our foundation of Christian principles.

14 posted on 12/14/2012 10:14:29 AM PST by Logical me
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To: Lancey Howard

Your cartoon reminds me of “Der Besuch die Alte Dame.” I majored in German, had to read the screenplay as part of my German literature class. Read the plot summary: http://en.wikipedia.org/wiki/The_Visit


15 posted on 12/14/2012 10:17:36 AM PST by henkster ("The people who count the votes decide everything." -Joseph Stalin)
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To: SeekAndFind

Obama will place taxes on all people not just the rich.He ran up the debt and out of money to pay for it.

The fail light is on for socialism,bend over.


16 posted on 12/14/2012 10:24:50 AM PST by Vaduz
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To: ex-snook

No it’s not. The REAL money is in the middle class. You could take every buck the top 2 % earn and it won’t dent the deficit.

Personally, as an ER doc, if my taxes are going up , my work hours are going down. Screw it. Not gonna work all those weekends nights and holidays so I can pay for EBTs and Obamaphones.


17 posted on 12/14/2012 10:30:32 AM PST by Kozak (The Republic is dead. I do not owe what we have any loyalty, wealth or sympathy.)
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To: SeekAndFind
Fiscal Cliff: Majorities Only Favor Solutions Impacting the Wealthy

The majority are ignorant idiots.

History has shown unequivocally that socking it to the wealthy has always filtered down to everybody.

Except the parasite class; e.g. professional parasites and unions.

Of course these latter will ALWAYS vote to soak the productive.

18 posted on 12/14/2012 11:59:22 AM PST by publius911 (Look for the Union Label -- then buy something else)
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To: stuartcr
Isn’t human nature reality?

Well... yes; perhaps the phrase should be "rational reality."
It's hardly rational when everybody must lose.

Except the more equal than others folks... they assume

19 posted on 12/14/2012 12:14:08 PM PST by publius911 (Look for the Union Label -- then buy something else)
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To: sickoflibs

RE: Which would you rather have the gubment do to reduce the deficit:
a) Raise taxes on those making much more than you?
or :
b) Raise the age you get medicare till 70 yr so?
or :
c) Raise taxes on YOU??

______________________________

Where’s the choice about REDUCING SPENDING?


20 posted on 12/14/2012 12:39:28 PM PST by SeekAndFind
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To: The Great RJ

RE: Taxing the “rich” will make little difference on the deficit.

People should understand this ( but most prefer not to ): OBAMA IS NOT INTERESTED IN BRINGING DOWN THE DEBT OR THE DEFICIT.

How do I know this? HE SAID SO.

Here is a partial transcript of Charles Gibson’s interview with Obama on April 2008:

________________________________

GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton,” which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.

But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.

OBAMA: Right.

GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.

GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.

So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?

OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.

_____________________________

How about Obama’s exchange with Joe the Plumber?

“I’m getting ready to buy a company that makes 250 to 280 thousand dollars a year,” Wurzelbacher said. “Your new tax plan is going to tax me more, isn’t it?”

Obama said, “First off, you would get a 50% tax credit so you’d get a tax cut for your healthcare costs….. if your revenue is above 250 – then from 250 down, your taxes are going to stay the same. It is true that from 250 up – from 250 – 300 or so, so for that additional amount, you’d go from 36 to 39%, which is what it was under Bill Clinton. And the reason why we’re doing that is because 95% of small businesses make less than 250. So what I want to do is give them a tax cut. I want to give all these folks who are bus drivers, teachers, auto workers who make less, I want to give them a tax cut. And so what we’re doing is, we are saying that folks who make more than 250 that that marginal amount above 250 – they’re gonna be taxed at a 39 instead of a 36% rate.”

Responded Wurzelbacher, “the reason I ask you about the American dream, I mean I’ve worked hard. I’m a plumber. I work 10-12 hours a day and I’m buying this company and I’m going to continue working that way. I’m getting taxed more and more while fulfilling the American dream.”

“Well,” said Obama, “here’s a way of thinking about it. How long have been a plumber?”

Wurzelbacher said 15 years.

Obama says, “Over the last 15 years, when you weren’t making 250, you would have been given a tax cut from me, so you’d actually have more money, which means you would have saved more, which means you would have gotten to the point where you could build your small business quicker than under the current tax code. So there are two ways of looking at it – I mean one way of looking at it is, now that you’ve become more successful through hard work – you don’t want to be taxed as much.”

“Exactly,” Wurzelbacher said.

Obama continued, “But another way of looking at it is 95% of folks who are making less than 250, they may be working hard too, but they’re being taxed at a higher rate than they would be under mine. So what I’m doing is, put yourself back 10 years ago when you were only making whatever, 60 or 70. Under my tax plan you would be keeping more of your paycheck, you’d be paying lower taxes, which means you would have saved…Now look, nobody likes high taxes.”

“No,” said Wurzelbacher.

“Of course not,” said Obama. “But what’s happened is that we end up – we’ve cut taxes a lot for folks like me who make a lot more than 250. We haven’t given a break to folks who make less, and as a consequence, the average wage and income for ordinary folks, the vast majority of Americans, has actually gone down over the last eight years. So all I want to do is – I’ve got a tax cut. The only thing that changes, is I’m gonna cut taxes a little bit more for the folks who are most in need and for the 5% of the folks who are doing very well – even though they’ve been working hard and I appreciate that – I just want to make sure they’re paying a little bit more in order to pay for those other tax cuts. Now, I respect the disagreement. I just want you to be clear – it’s not that I want to punish your success – I just want to make sure that everybody who is behind you – that they’ve got a chance at success too.”

Wurzelbacher said it seemed as though Obama might support a flat tax.

Obama says, “you know, I would be open to it except here’s the problem with a flat tax is that if you actually put a flat tax together, in order for it to work and replace all the revenue that we’ve got, you’d probably end up having to make it like about a 40% sales tax. I mean that’s the value added, making it up. Now some people say 23 or 25, but in truth when you add up all the revenue that would need to be raised, you’d have to slap on a whole bunch of sales taxes on. And I do believe for folks like me who have worked hard, but frankly also been lucky, I don’t mind paying just a little bit more than the waitress that I just met over there who’s things are slow and she can barely make the rent.”
Obama said, “My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody. If you’ve got a plumbing business, you’re gonna be better off if you’re gonna be better off if you’ve got a whole bunch of customers who can afford to hire you, and right now everybody’s so pinched that business is bad for everybody and I think when you spread the wealth around, it’s good for everybody.”

______________________________

So, it’s NOT about bringing the deficit or the debt down. It’s about his notion of FAIRNESS and how it is to be achieved — VIA GOVERNMENT REDISTRIBUTION OF WEALTH.

Just keep that in mind and you begin to understand where Obama is coming from.

HE COULD CARE LESS ABOUT OUR DEFICIT OR DEBT.


21 posted on 12/14/2012 1:06:46 PM PST by SeekAndFind
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To: SeekAndFind
RE :”Where’s the choice about REDUCING SPENDING?”

If REDUCING SPENDING was a popular choice then it wouldnt have skyrocketed under the last two term R POTUS GWB (with his own congress), and his dad.

Reducing waste, fraud and abuse always seems to poll well, problem is waste fraud and abuse is what the gubmnt does best.

Ask your kids which one would pick one if they had to:
1) choose less Christmas presents for themselves this year
2) over more credit card debt for you, or
3) you making bigger CC payments next year.
DUHH!

22 posted on 12/14/2012 1:54:24 PM PST by sickoflibs (Dems know how to win. Rs know how to whine.)
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To: publius911

I understand judging what appears to be someone’s reality as rational or irrational from an observers standpoint, but can an individual’s reality be irrational to himself?


23 posted on 12/15/2012 12:20:28 PM PST by stuartcr ("Everything happens as God wants it to, otherwise, things would be different.")
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