44% Expect A Tax Increase Under Obama

by
August 2, 2010

Rasmussen Reports

Forty-four percent (44%) of U.S. voters still expect their taxes to increase under President Obama, according to a new Rasmussen Reports national telephone survey.

Just nine percent (9%) think their taxes will go down, and 39% expect them to stay the same.

The week President Obama took office in late January 2008, only 31% expected a tax hike while he was in office. Since then, that concern has risen as high as 48%.

Nineteen percent (19%) say tax increases help the economy, but 58% disagree and think they hurt economically.

By contrast, 59% believe tax cuts help the economy, and only 17% say they hurt. Voters have consistently for years viewed tax cuts as more beneficial to the economy than tax increases.

The Political Class sees it differently, however.  While 73% of Mainstream voters think tax increases hurt the economy, the plurality (48%) of the Political Class believe they are good for the economy. Similarly, 63% of Mainstream voters say tax cuts help the economy, but those in the Political Class are closely divided on the question.

The survey of 1,000 Likely U.S. Voters was conducted on July 26-27, 2010 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

Sixty-four percent (64%) of all voters believe government spending will go up under the Obama administration, while only seven percent (7%) expect spending to decrease. One-in-four voters (25%) expects government spending to stay about the same.

Those results have fluctuated little since Obama took office, but the number that expects government spending to increase is down from the mid-70s last summer following the $787-billion economic stimulus plan and bailouts for the financial sector and the auto industry. When Obama first took office in January of last year, 63% expected government spending to go up during his term.

To read more, visit: http://www.rasmussenreports.com/public_content/politics/obama_administration/july_2010/44_expect_a_tax_increase_under_obama

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