As President Obama prepares for negotiations with members of Congress on the so-called fiscal cliff, business CEOs and labor leaders are already making preparations for whatever may come.
But what do the American people think?
According to polling firm Gallup, a majority of Americans — 71 percent — are following coverage of the issue very or somewhat closely. Frank Newport, editor-in-chief at Gallup, says the polling clearly shows that Americans want compromise. More specifically, Americans want both Republicans and Democrats in Washington to make sacrifices, suggesting that neither party has a mandate on the issue.
Yet, in terms of their preferences for tax hikes versus spending cuts, Newport says, “Americans still [fall] significantly on the cut spending side of the spectrum.” However, he notes that some people favor a combination of both.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.