Poll: Tax the Rich, Hands Off Medicare, Social Securty
January 3, 2011
(ChattahBox Political News)—Apparently, the majority of Americans don’t subscribe to the conservatives’ overzealous adoration of the “job-creating” super wealthy, such as party girl Paris Hilton and realty TV star Kim Kardashian. A new poll finds that 61 percent of Americans choose taxing the rich, as the “first step” in balancing the ballooning federal deficit. Considering the fact that the wealthiest Americans were just given a tax cut that added billions to the deficit that will now pave the way for a chorus of Republicans demanding cuts in middle-class entitlements, this is big news. Will deficit hawks eying Medicare and Social Security listen? Probably not. The rich will continue to get richer and the poor will get poorer, as social safety nets are slashed.
The wide-ranging poll was conducted by 60 Minutes/Vanity Fair. Those polled were asked the question, “To balance the federal budget, which of the following would be the first step you would take?”
Overall, 61 percent said that the wealthiest Americans should be taxed more. Not surprisingly, a lower percentage of respondents with higher incomes wanted to see their taxes increase.
Next on the list was cuts to defense spending, with 20 percent of those polled saying defense cuts should be made to balance the budget.
At the bottom of the list, were cuts to Medicare and Social Security. Only four percent of Americans want to see cuts in Medicare and even a smaller number at three percent want cuts in Social Security.
The House Republicans are so rabidly against any tax hikes of any kind, especially on the rich and big corporations, that they have come up with a new budgetary rule prohibiting tax increases of any kind to fund new programs, they call CUT/GO, as opposed to the Democratic PAY/GO. The CUT/GO rule would allow tax cuts to be unpaid for and add to the deficit, but new spending would have to be funded by slashing existing programs.
With no new revenue coming in from taxes, additional tax cuts adding to the deficit and severe cuts in education and social safety net programs, the GOP’s CUT/GO policy is a recipe for fiscal disaster.
And the majority of Americans instinctively know this.