Americans Favor Budget Cuts Over Raising Corporate Tax
By MARJORIE CONNELLY
Published: May 2, 2011
While most Americans say corporations do not pay their fair share in taxes, they still prefer cuts in government spending to increasing taxes on corporations as a means of cutting the federal budget deficit, according to a recent New York Times/CBS News poll.
But when given a choice between raising taxes on corporations and raising taxes on households that make more than $250,000 a year, almost two-thirds of respondents opt for taxing businesses.
There is a strong partisan divide: A majority of Republicans and independents favor cutting government spending over raising taxes on businesses, while Democrats are evenly divided. Democrats strongly support increasing corporate taxes rather than adding to the taxes of affluent households; Republicans and independents are closely divided.