From the Motley Fool Top Stories; 'Poll Shows Support for Raising Taxes on the Rich'
WASHINGTON (AP) -- An AP-GfK poll shows there's clear support for President Barack Obama's insistence on raising taxes on the highest-income Americans. There's also a dwindling preference for cutting government services as the best way to curb budget deficits.
The findings seem to strengthen Obama's hand in his fiscal cliff negotiations with Republicans. The president wants to raise taxes on the rich and cut spending by less than the GOP wants.
In the poll, 48 percent want tax cuts on income exceeding $250,000 to expire in January while continuing them for everyone else. Just 32 percent want to renew the tax cuts for everyone.
More people want to cut government services than raise taxes to reduce federal deficits. But the number with that preference has been dropping since last year.
I'd just like to point out that preserving the Bush tax cuts on income below $250,000 is the same as preserving that tax cut for 100% of Americans, including the rich.
And letting the Bush tax break on incomes over $250,000 expire is the same as letting the tax break on incomes over $250,000 expire for 100% of Americans, including the rich.
So the poll actually shows support for keeping some of the Bush tax cuts for everyone, and letting some of the Bush tax cuts expire for everyone.