POLL: Broad Support for Comprehensive Plan to Fix the Debt

Voters Want Congress to Pass a Plan that Includes Entitlement Reform, Tax Reform, and Sequester Replacement

The Campaign to Fix the Debt released results of a recently-completed national survey that suggest a major shift in voter attitudes on the national debt. According to the survey, the national debt is now tied with the economy as the most important issue likely voters want Congress to address; by contrast, a CBS News poll in July found the economy outpaced the debt by 24 points as voters’ top legislative priority. 

While only about one in three voters support changes to Social Security and Medicare in isolation, according to the new poll, support for reforming the programs nearly doubles to 61 percent when proposed changes are phased in gradually and are combined with cuts to wasteful spending and increased revenues from closing tax loopholes. Reforming the tax code, implementing structural changes to Social Security and Medicare, and replacing the sequester all received majority support, so long as they occur in the context of a comprehensive deficit-reduction plan.

“While we always expected substantial public support for a comprehensive debt deal, even we were surprised by this research,” said Maya MacGuineas, head of the Campaign to Fix the Debt. “This survey tells us two things: Americans understand the stakes in the debate around the national debt, and voters are overwhelmingly willing to support elected officials who make the hard choices to fix the debt, so long as they do it in a balanced way.”

Among the poll’s findings:

  • The budget deficit is now tied with the economy as the most important issue for Congress to address, and is the most important issue with political independents. In a July CBS poll, the budget deficit trailed the economy by 24 points.
  • General support for Social Security and Medicare reform starts low (34 percent), but opinions are extremely malleable. Reforms that are phased in gradually receive the support of 55 percent of respondents with 35 percent in opposition; the same policies receive support from 61 percent of respondents with 27 percent opposing if these reforms are enacted alongside cuts to wasteful spending and increased revenues from closing tax loopholes.
  • Shifting to Chained CPI and making reforms to Medicare – including increasing the eligibility age, means-testing benefits, and changing cost-sharing rules – ALL polled with majority support in the context of a comprehensive plan that includes protections for low-income populations, cuts waste, closes unfair tax loopholes, and is phased in gradually. A majority of Democrats supported these provisions as part of a comprehensive plan.
  • A broad majority of likely voters, including Republicans, supports tax reform that raises revenue as part of a plan that includes entitlement reforms and cuts to wasteful spending. Specifically, the poll found more than 60 percent of respondents support eliminating or scaling back tax breaks and lowering tax rates, capping tax deductions, eliminating corporate tax loopholes for certain industries, and removing the payroll tax cap.

The poll, which was conducted October 4-8, during the government shutdown, questioned 800 likely voters and has a margin of error of +/- 3.5 percent.

The Campaign to Fix the Debt is a non-partisan movement asking lawmakers to work together on legislation large enough to stabilize and reduce the national debt as a share of the economy. Members come from a broad range of social, economic and political perspectives with the belief that America’s growing debt burden threatens our future, and that we must address it now. The Campaign will mobilize key communities – including leaders from business, government, and policy – and people all across America who want to see elected officials step up to solve our nation’s fiscal challenges. 

For more information about the “Citizens’ Plan to Fix the Debt” please visit FixtheDebt.org.

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Media Contact
Company Name: Fix the Debt
Contact Person: Jon Romano
Email: romano@fixthedebt.org
Phone: 617-435-6613
City: Washington
State: DC
Country: United States
Website: http://www.fixthedebt.org/