Poll Shows Little Support for Tax Hikes

Voters don't buy the idea of tax hikes to deal with shortages. And why should we?

A new CBS News poll finds that Americans strongly prefer cutting spending to raising taxes to reduce the federal deficit. While 77 percent prefer to cut spending, just nine percent call for raising taxes. Another nine percent want to do both.

It's like immigration. The first step in a "national conversation" should be for the government to start doing its job and secure the border.

Yet most Americans could not volunteer a program they'd be willing to see cut in order to reduce the deficit - only 38 percent could name a program they would support cutting. The top responses were military/defense (six percent), Social Security/Medicare (four percent) and welfare/food stamps (four percent).

On the debt situation, the first step is to stop spending money you don't have.

However, Americans are more willing to consider cuts when presented with specific ideas... The most popular ideas for reducing the deficit are to reduce Social Security benefits for the wealthy, reduce the money allocated to projects in their own community, reduce farm subsidies and reduce defense spending. More than 50 percent supported reductions in each of those programs.