Taxes

Higher taxes to cut deficit? No, thanks

March 20, 2012 at 7:42 AM ET

The federal deficit may be a problem, but most taxpayers don't seem to think it's their problem.

A new Rasmussen Reports poll finds that only about a quarter of Americans would be willing to pay more taxes to help reduce the federal deficit. Nearly two-thirds of those polled said they would not be willing to pay more taxes to reduce the deficit.

The poll of 1,000 adults was conducted earlier this month. 

The results put Warren Buffett in the minority. Last August the billionaire investor famously called on Congress to stop “coddling” the super-rich -- himself included -- and raise taxes on them to help bring the deficit under control.

Many Americans, however, appear to be fine with the likes of Buffett paying more taxes.  A separate poll, released a few months ago by Pew Research Center, found that most Americans believe the biggest problem with taxes is that the wealthy don’t pay their fair share.

If you are feeling like you want to do more to pay down the nation’s debt, there is a way you can do that. The Bureau of Public debt accepts donations

© 2014 CNBC LLC. All Rights Reserved

TOP