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Most Americans are in favor of President Obama's plan to force millionaires to pay more in taxes, but they don't think the extra revenue should replace stricter federal spending.
That's the big takeaway from a new Assoicated Press poll that found that 65 percent of Americans are on board with Obama's tax plan, which would require people making $1 million or more to pay taxes equal to at least 30 percent of their income. The proposal scored well in a number of key demographics, with two-thirds of independents and roughly 40 percent of Republicans supporting it. Unfortunately for the supporters, the current Congress isn’t expected to pass the so-called "Buffett rule," nicknamed for billionaire Obama supporter Warren Buffett.
Meanwhile, 56 percent of those polled want to cut government services to decrease the U.S. budget deficit, which has topped $1 trillion annually in recent years. More than three-fourths of Republicans supported this strategy, while Democrats leaned narrowly toward increased taxes, 49 percent to 38.