What have you always wondered about the economy? Tell Us
Attitude Check

On fiscal cliff, Americans say leave me out of this

Marketplace Contributor Dec 6, 2012
HTML EMBED:
COPY
Attitude Check

On fiscal cliff, Americans say leave me out of this

Marketplace Contributor Dec 6, 2012
HTML EMBED:
COPY

There are about three weeks until a package of steep tax hikes and budget cuts, also known as the fiscal cliff, would go into effect unless Congress and the White House can reach a deal.

President Obama will be in Northern Virginia today visiting with a middle class family to highlight the impact of the fiscal cliff on ordinary Americans.

Previous polling has showed Americans from both parties want Republicans and Democrats in Congress to compromise, but what budget changes is the public hoping for?

According to Gallup editor-in-chief Frank Newport, Americans are not specific, but they are insistent: “[They] say ‘Do something that doesn’t affect me,'” says Newport.

So, how does the “not-my-wallet” mentality translate to this debate? Cuts to universal entitlement programs like Medicare and Social Security are unpopular. Yet, 6 in 10 Americans support proposed tax increases on high-income earners.

 

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.