Wednesday, January 28, 2009

Majority Backs Tax Cuts Over Increased Spending

Well, this is the perfect follow-up to my previous entry (hammering Nobel-winning economist Paul Krugman), "Democrats to Milk Economic Crisis for Trillions."

It turns out that Rasmussen's new survey finds 53 percent of Americans favoring tax cuts over jacked-up spending (via Memeorandum):
Paul Krugman, last year's winner of the Nobel Prize for economics and a regular columnist for the New York Times, recently wrote that you should “write off anyone who asserts that it’s always better to cut taxes than to increase government spending because taxpayers, not bureaucrats, are the best judges of how to spend their money.”

If you follow that advice, you’ll be writing off a majority of Americans. The latest Rasmussen Reports national telephone survey found that 53% say that it’s always better to cut taxes. Only 24% share Krugman’s views.

Krugman was recently named the
most influential liberal in the media. In making that selection, noted that Krugman’s “prose is as pungent as his academic credentials are impeccable. Last year's Nobel in economics was widely seen as a vindication of his politics.”

Clearly, his New York Times column was based on his convictions rather than his sense of public opinion, and his purpose in writing is to persuade, not report. The survey data simply highlights how much persuading he has ahead of him.

Republicans overwhelmingly say it’s always better to cut taxes, and so do 50% of those not affiliated with either major party. Twenty-three percent (23%) of unaffiliateds take the opposite view and agree with Krugman.

Democrats are evenly divided—38% say tax cuts are always better while 34% disagree.


JoeBama "Truth 101" Kelly said...

What goofball right wing push poll gave you the result you wanted Professor? Your ides have proven failures. Your republican party took a thumping last November and will take another one in 2010 thanks to deluded people like you that hold on to your mantra of tax cuts that most Americans will not notice on their paychecks.

Norm said...

The Democrats don't really care about an immediate stimulus to the economy. All Obama cares about if the economy is moving up when he runs for re-election three years from now.

Tax cuts, including lowering corporate taxes and capital gains is the only way our 201Ks can become 401Ks once more, and spur job growth at the sametime.

JoeBama "Truth 101" Kelly said...

Your mantra is tired Norm. Economy did well under the Clinton tax rates. I don't know anybody who complained then. And Brother, you are well aware the government is a giant social program. If there are tax cuts with corresponding spending cuts, the cries of outrage will be heard through the farthest reaches of the universe. You like goodies Norm. If you're going to go broke because you can't afford an extra 30 grand out of your million dollar salary then maybe you should be spending more time listening to Dave Ramsey and less time with the Pofessor.

Norm said...

Don't rehash the Clinton years because right now we don't have a Microsoft leading a tech revolution.

The only way to stimulate our economy without endangering the future is by lowering payroll taxes for the working poor and middle class; lowering corporate and capital gains tax. Spending some money over the next few years on infrastructure is fine. Just printing money is going to be a total disaster. You just can't expand the money supply in an unlimited fashion without some really bad future ramifications. Were you alive in 1976-1981?

Anonymous said...

Why does the left continue to reward the most out-of-touch in their ranks with awards? As much as they love the Krugmans or the Gores, none of these people stand a chance at getting elected, no one can relate to their garbage, and they make a living by pandering to the most liberal in society.

Truth101: What exactly was a proven failure? We've had one true conservative in the modern era, Reagan, and the country grew at record rates. Bush spent money like a Democrat. Spending increased across the board under Bush. How'd that work out? Obama-like principles were also what lead is to name Carter one of the worst-Presidents in the 20th century.

True conservatism has been tried once in the modern era, under Reagan, and was a resounding success.

True liberalism has been tried all over the world in various forms for 100 years, and has always failed.

Anonymous said...

Do you consider Reagan to have been a fiscal conservative? Looks like borrow and spend to me.