Poll: Deficit best closed by cuts and taxes

March 23, 2011

A sizable majority of all Americans — and nearly half of Republicans — say the best way to slice the federal budget deficit is by cutting spending and increasing taxes, according to last week’s Washington Post-ABC News poll.

A slender 3 percent of all those polled said the government should focus exclusively on boosting tax revenue to balance its books, but an additional 64 percent said tax increases should be paired with spending reductions. Overall, 31 percent said deficit reduction is best achieved by spending adjustments.

Among Republicans, nearly half, 49 percent, want the focus on cuts, but about as many, 47 percent, said their preferred approach is a combination of both spending cuts and tax increases.

For Democrats and independents, the dual approach is more popular still, at 77 and 64 percent, respectively.

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