Voters continue to believe that raising taxes and increasing government spending will dig our economy deeper in a hole, and they don’t see things getting any better under the Obama administration.
A new Rasmussen Reports telephone survey, conducted after last week’s elections, finds that 58% of Likely U.S. Voters say tax increases will hurt the economy. Just 18% feel increasing taxes will help our economy, while 14% say it will have no impact. These findings show little change since early April of last year. (To see survey question wording, click here.)
Similarly, a solid majority (58%) believe increases in government spending will hurt the country fiscally, while only 24% feel it will help. Ten percent (10%) say more government spending will have no impact. These findings, too, show little change since June 2009.
Given this information, the bad news for the president is that 64% of voters think under the Obama administration, government spending will go up. Only seven percent (7%) think it will go down, and another 26% say it will stay the same.
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