Poll: Tax increases okay, big spending cuts not

December 18, 2012

Most Americans want President Obama and congressional Republicans to compromise on a budget agreement, though they, too, are unhappy about the options that would avert the “fiscal cliff,” according to a new Washington Post-ABC News poll.

Most Americans oppose slashing spending on Medicaid and the military, as well as raising the age for Medicare eligibility and slowing the increase of Social Security benefits, all of which appear to be on the table in negotiations. Majorities call each of these items “unacceptable.”

A clear majority of Americans, 74 percent, say they would tolerate Obama’s proposal to raise taxes on those with incomes over $250,000, but neither side in the talks thinks that alone would generate enough revenue to bridge the budget gap. A smaller majority backs limits to tax deductions.

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