Negotiations on how to cut the federal deficit and raise the federal debt ceiling continue this week in the group of Congressional leaders led by Vice President Joseph Biden. The group would benefit from reading the results of a national survey of 1,509 adults conducted by the Pew Research Center for the People & the Press on May 25-30.
There is widespread approval for raising the cap on contributions to Social Security (67%), raising taxes on incomes over $250,000 (66%), and limiting tax deductions for large corporations (62%) as deficit reduction measures and significant disapproval of reducing programs that help low income people (54%) and reducing funding to states for education and roads (73%).
Changes to foreign policy also got high approval scores with 72% approving of reducing U.S. assistance to other countries and 65% approving of reducing our military commitments overseas.
Nearly half (49%) approve of limiting the mortgage interest deduction (MID), while only 43% disapprove of limiting the MID to reduce the deficit. Eight percent do not know. The report also cites their December 2010 poll in which respondents were asked about eliminating the MID. Only 34% approved of total elimination, while 56% disapproved and 10% did not know.
To read the report on the May 2011 Pew poll, go to http://people-press.org/2011/06/07/more-blame-wars-than-domestic-spending-or-tax-cuts-for-nations-debt/