The
Program for Public Consultation carried out a different kind of budget poll -- they asked each of their respondents to generate a package of tax increases and spending cuts sufficient for substantial deficit reduction, then averaged the results.
The outcome was not what you might expect. The mean package included twice as much tax increase as spending cut: big deficit-reducing moves included substantial income tax increases for the highest brackets and deep cuts in defense spending. Republicans cut less spending than Democrats, as did people who identified as "very sympathetic to the Tea Party." Hardly anybody likes the reduction of the estate tax. Why is the public consensus so different from the Washington consensus?
Read the full report (.pdf) Or
try the interactive budget exercise.
posted by escabeche
on Mar 6, 2011 -
52 comments
"Death and Taxes: 2009" is a representational poster of the federal discretionary budget; the amount of money that is spent at the discretion of your elected representatives in Congress. Basically, your federal income taxes. (previously)
posted by Knappster
on Oct 26, 2008 -
14 comments
Quick, Hide The Body! "...But the Bush administration chose to keep the findings out of the annual budget report for fiscal year 2004, published in February, as the White House campaigned for a tax-cut package that critics claim will expand future deficits.
The study asserts that sharp tax increases, massive spending cuts or a painful mix of both are unavoidable if the US is to meet benefit promises to future generations. It estimates that closing the gap would require the equivalent of an immediate and permanent 66 per cent across-the-board income tax increase."
posted by owillis
on May 28, 2003 -
18 comments
Bush seeks support from Silicon Valley leaders for tax plan. "I haven't seen the list of attendees yet, but it's for the purpose of building support for the President's budget and tax plan, for the vital group of the economy that's kept our economy strong. If there's any group that has its finger on the pulse of the economy, it's the high tech community, and the President wants to hear their thoughts about the strength of the economy and to share with them his ideas for how to improve it."
Yeah, but what about the PEOPLE? Shouldn't WE be asked about the tax plan?
posted by bkdelong
on Mar 27, 2001 -
10 comments