Poll Finds Obama in Synch with Republican Voters on Debt Reduction

A new Gallup poll finds that just 20 percent of Americans agree with the Republican Party position that the deficit should be resolved by program cuts alone. In fact, only 26 percent of Republicans side with the Grover Norquist tax refuseniks. Not coincidentally, about 20 percent of Americans self-identify as tea party supporters.

Nate Silver uncovered a surprising finding in the data: the ratio of cuts versus revenue increases that Pres. Obama’s has proposed is to the right of the ratio preferred by most Republican voters:

Assume that the people who told Gallup that they wanted “mostly” cuts would prefer a 3-to-1 ratio of spending reductions to tax increases, and that those who said they wanted mostly tax increases would prefer a 3-to-1 ratio in the opposite direction. (The other choices that Gallup provided in the poll — an equal mix of tax increases and spending cuts or a deal that consisted entirely of one or the other — are straightforward to interpret.)

The average Republican voter, based on this data, wants a mix of 26 percent tax increases to 74 percent spending cuts. The average independent voter prefers a 34-to-66 mix, while the average Democratic voter wants a 46-to-54 mix:

chart-gallup-debt-pref

Now consider the positions of the respective parties to the negotiation. One framework that President Obama has offered, which would reduce the debt by a reported $2 trillion, contains a mix of about 17 percent tax increases to 83 percent spending cuts. Another framework, which would aim for twice the debt reduction, has been variously reported as offering a 20-to-80 or 25-to-75 mix.

With the important caveat that the accounting on both the spending and tax sides can get tricky, this seems like an awfully good deal for Republicans. Much to the chagrin of many Democrats, the mix of spending cuts and tax increases that Mr. Obama is offering is quite close to, or perhaps even a little to the right of, what the average Republican voter wants, let alone the average American.

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