Public concern over the debt and deficit, already extensive, is only likely to increase as the “fiscal cliff” approaches at the end of the year. Yet among a dozen specific options for reducing the debt and deficit, only two win majority approval from the public – raising taxes on annual incomes over $250,000 (64% approve) and limiting corporate tax deductions (58%). 

Public concern over the debt and deficit, already extensive, is only likely to increase as the “fiscal cliff” approaches at the end of the year. Yet among a dozen specific options for reducing the debt and deficit, only two win majority approval from the public – raising taxes on annual incomes over $250,000 (64% approve) and limiting corporate tax deductions (58%).