AP: Public Willing To Wait For Obama's Tax Cuts

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ALAN FRAM and TREVOR TOMPSON | November 12, 2008 11:05 AM EST | AP

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Chart shows poll results on important priorities for the new president; 3c x 2 7/8 inches; 146 mm x 73 mm

WASHINGTON — People want the tax cuts promised during the presidential campaign, but may be willing to wait while President-elect Obama takes on the larger issue of fixing the economy.

Eighty percent say trimming personal tax rates should be a goal when the new president takes office in January, but only 36 percent say the cuts should a very top priority, according to a new Associated Press-GfK poll. That was less than half the 84 percent who cited improving the economy as a No. 1 goal, and the 80 percent who said creating jobs should be a paramount task.

"I don't think it's going to work in this instance," said Ryan Anderson, 31, a Democrat from Bloomington, Minn., who thinks tax reductions would have little impact on most families' budgets. "That's kind of like shooting a BB gun at a freight train."

Obama promised to cut taxes for working families during the campaign.

Even fewer people _ 29 percent _ said another top priority should be Obama's plan to allow tax cuts to expire for families earning more than $250,000 a year. He has said he would use the revenue that would raise to help finance some of his priorities.

Amid such talk, 72 percent in the AP-GfK poll voiced confidence Obama will make the changes needed to revive the stalling economy. Underscoring how widely the public is counting on its new leader, 44 percent of Republicans joined nearly all Democrats and most independents in expressing that belief.

Obama has called for about $175 billion in new stimulus spending, including for public works projects, and has said he would make it a top priority in January if it is not enacted by a lame-duck session of Congress and President Bush this year. Besides tax cuts for many middle-class families, he has also proposed tax breaks for some businesses and struggling home owners, extending unemployment coverage, and penalty-free withdrawals from retirement accounts.

The poll shows trust in Obama's ability to succeed is even broader, at least for now. Sixty-eight percent said they think when he takes office in January, the new president will be able to enact the policies he pushed during his presidential campaign.

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"Look at his story," said Juthlande Anastase, 34, a real estate agent and Republican from Wellington, Fla. "Out of nowhere he's president. If he can do that, anything is possible."

With Obama ending the GOP's eight-year hold on the White House and about to become the first black president, the poll showed three-quarters saying the election made them feel hopeful, six in 10 proud and a half excited. Newly elected presidents often embark on a honeymoon period in which the public has highly positive feelings about them.

Democrats were more likely to feel upbeat, yet such feelings were not limited to them. Half of Republicans said they were hopeful, a third proud and nearly a fifth excited about the election results. Another quarter in the GOP said they were depressed.

"I feel let down by the American people that they were so blind to many things I've seen in him," said Shelli Pierson, 38, a Republican from Elmira, Ore. Pierson says she doubts Obama, a four-year senator from Illinois, has enough experience for the presidency and said she still questions his patriotism.

Nine in 10 said Obama's race would have no impact on his ability to get things done.

Though Republicans were more negative about the election results, they were consistently more upbeat than Democrats were in 2004 when their candidate, John Kerry, failed to unseat Bush. Forty-four percent of Democrats said they were angry and half said they were depressed in a November 2004 AP-Ipsos poll, double the GOP's rates this year.

Highlighting anew how the Iraq war has faded as a paramount public concern, only half in Tuesday's AP-GfK poll said they wanted Obama to make a U.S. troop withdrawal a top focus, with far more Democrats than Republicans saying so.

Until the weakening economy overtook Iraq as the No. 1 problem on the public's mind nearly a year ago, Obama's pledge to set a timetable for withdrawing troops from the war was his highest-profile issue.

Half said they wanted national health care coverage _ another Obama priority _ to be a No. 1 concern, though few Republicans agreed. Permitting offshore oil drilling, a major GOP campaign issue, drew support as a top priority from just over one-third, mostly Republicans.

Nearly three-quarters _ including most Democrats _ said they'd like Obama to name some Republicans in his Cabinet, as the Democrat has said he would do.

The AP-GfK poll was conducted Nov. 6-10 and involved cell and landline telephone interviews with 1,001 adults. It has a margin of sampling error of plus or minus 3.1 percentage points.

___

AP News Survey Specialist Dennis Junius contributed to this report.

___

On the Net:

AP-GfK Poll: http://www.ap-gfkpoll.com

WASHINGTON — People want the tax cuts promised during the presidential campaign, but may be willing to wait while President-elect Obama takes on the larger issue of fixing the economy. Eighty p...
WASHINGTON — People want the tax cuts promised during the presidential campaign, but may be willing to wait while President-elect Obama takes on the larger issue of fixing the economy. Eighty p...
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hey, the public is smart.

    Favorite    Flag as abusive Posted 09:04 AM on 11/12/2008

I do not understand how the Associated Press gets by peddling this right wing crap.

    Favorite    Flag as abusive Posted 09:02 AM on 11/12/2008
- Sarahjan I'm a Fan of Sarahjan 6 fans permalink

I am not an economist by profession but it does not take a PHD in economics to forecast that if the The US to curb its shocking spending in the military-industrial complex and bring new tighter rules to its financial institutions, the US will go under sooner than later. One thing is certain, the Euro is gaining grounds on the US dollar as a global currency.

    Favorite    Flag as abusive Posted 08:58 AM on 11/12/2008

I got news for you all. The economy is already rebounding, but I'm sure Obama will get credit for it.

    Favorite    Flag as abusive Posted 08:53 AM on 11/12/2008

It is what? Where do you take that from? Have you looked at GM lately?

The American economy is not "rebounding" - it is very close to loose its automobile sector. At least this is the picture I get. Maybe you can tell us where you got the impression of imporvement lately (seriously ... I'd be interested).

    Favorite    Flag as abusive Posted 08:59 AM on 11/12/2008
- Sumocat I'm a Fan of Sumocat 32 fans permalink

Really? I predict we'll continue to slide until at least early summer 2009. We'll see how the winter numbers turn out.

    Favorite    Flag as abusive Posted 09:05 AM on 11/12/2008

I see what you did there. Your preemptively said that our economy is getting better, so that when it actually DOES get better, you can come back and say it wasn't because of Obama. Well played.

Problem is, our economy is in tatters. So no one's going to believe you, particularly when you offer no evidence of said "rebound."

    Favorite    Flag as abusive Posted 09:07 AM on 11/12/2008
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Do you mean that the fundamentals of our economy are strong?

    Favorite    Flag as abusive Posted 09:38 AM on 11/12/2008
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Obama will do nothing with tax cuts. He will simply let the Bush tax cuts expire in 2010. Then we can all pay higher taxes. That would be the patriotic thing to do.

    Favorite    Flag as abusive Posted 08:46 AM on 11/12/2008
- jeanrenoir I'm a Fan of jeanrenoir 120 fans permalink

The voters in the vital center are not morons (only the extremists on both sides are). The vital center gets reality, just as Obama does. Obama knows he simply needs to be calmly and patiently EFFECTIVE, just as he was in the campaign. He will be.

    Favorite    Flag as abusive Posted 08:38 AM on 11/12/2008

He is miles ahead of everyone..­.

    Favorite    Flag as abusive Posted 08:41 AM on 11/12/2008
- Kristen777 I'm a Fan of Kristen777 48 fans permalink
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Bingo! He is all that and a bag 'o chips!

    Favorite    Flag as abusive Posted 08:49 AM on 11/12/2008
- adamsmith3 I'm a Fan of adamsmith3 17 fans permalink

Yes, we must have faith in our perfect and benevolent leader. He is miles above us and is perhaps the Sun King.

    Favorite    Flag as abusive Posted 12:51 PM on 11/12/2008
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