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Public Opinion Snapshot: Americans Disagree with the Ryan Budget’s Priorities

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Conservative politicians have eagerly embraced Rep. Paul Ryan’s (R-WI) radical fiscal year 2013 budget proposal, which would slash social spending to the bone while preserving or extending all tax breaks for the wealthy. President Barack Obama, in contrast, is trying to make the case that the Ryan budget has its priorities completely wrong and that it should be rejected.

Judging from recent public opinion data, the president is likely to find a receptive audience for his arguments. In a March Bloomberg poll, the public was asked about the most effective approach for economic growth and job creation. By a 51-41 margin, respondents endorsed the Obama-style approach of government investments in infrastructure, education, and alternative energy over the Ryan-style approach of spending cuts and tax cuts.

which of the following is more likely to be succesful in growing hte economy and creating jobs?

In the same poll, the public expressed great skepticism about the current tax break for hedge-fund and private-equity managers, which allows them to pay only 15 percent on their share of profits—a tax break the Ryan budget protects. By an overwhelming 68-17 margin, the public deemed this tax break “unreasonable.”

reasonable or unreasonable that hedge funds pay lower than 15 percent on shared profits?

Conservatives believe that the more the public hears about Rep. Ryan’s “marvelous” budget, the more they’ll like it. These data suggest the reverse is likely to be true.

Ruy Teixeira is a Senior Fellow at the Center for American Progress. To learn more about his public opinion analysis, go to the Media and Progressive Values page and the Progressive Studies program page of our website.

To speak with our experts on this topic, please contact:

Print: Katie Peters (economy, education, poverty, Half in Ten Education Fund, women's issues)
202.741.6285 or kpeters@americanprogress.org

Print: Tom Caiazza (foreign policy, health care, LGBT issues, gun-violence prevention, the National Security Agency)
202.481.7141 or tcaiazza@americanprogress.org

Print: Chelsea Kiene (energy and environment, Legal Progress, higher education)
202.478.5328 or ckiene@americanprogress.org

Spanish-language and ethnic media: Tanya Arditi
202.741.6258 or tarditi@americanprogress.org

TV: Rachel Rosen
202.483.2675 or rrosen@americanprogress.org

Radio: Chelsea Kiene
202.478.5328 or ckiene@americanprogress.org

 

This is part of a regular column: Public Opinion Snapshot

For more from the same column, click here