facebook
twitter
rss
account
search
search
 

Poll: Most know fiscal cliff a problem

Nov. 26, 2012 at 11:39 AM   |   Comments

WASHINGTON, Nov. 26 (UPI) -- Two-thirds of Americans say they know the potential of higher tax rates and across-the-board spending cuts poses a huge problem, a CNN poll indicates.

More than seven in 10 adults questioned called for compromise on the issue, but expressed pessimism about whether that would happen, results of the CNN/ORC International survey released Monday indicated.

If there is no compromise and the fiscal cliff becomes reality at the end of the year, Americans said congressional Republican likely would bear most of the blame.

Last year, Congress and President Obama agreed to reduce the federal deficit by setting up what has been called a "fiscal cliff." Unless Congress and Obama strike an agreement within the next few weeks, tax rates will automatically rise next year for nearly all Americans and spending cuts will begin to kick in for most government spending programs.

Results of Monday's poll indicate nearly one out of four say the tax increases and spending cuts will cause a crisis while 44 percent said they would cause major problems.

Two-thirds of those questioned said any agreement should include a mix of spending cuts and tax increases.

Results are based on a nationwide telephone survey of 1,023 adults conducted Nov. 16-18. The margin of error is 3 percentage points.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Iranian woman accused of killing attempted rapist executed Iranian woman accused of killing attempted rapist executed
2
Terry Keenan, former CNN, Fox News anchor, dead at 53 Terry Keenan, former CNN, Fox News anchor, dead at 53
3
California Marine dies in Islamic State mission in Iraq California Marine dies in Islamic State mission in Iraq
4
California officer allegedly stole nude photos during arrest California officer allegedly stole nude photos during arrest
5
Woman pleads not guilty to rape of Seattle man Woman pleads not guilty to rape of Seattle man
Trending News
Around the Web
x
Feedback