Poll: LIers favor spending cuts as way to help economy

According to the results of a recent News 12/Hofstra University poll, most Long Islanders believe the best way to stimulate the economy is to reduce

WOODBURY - According to the results of a recent News 12/Hofstra University poll, most Long Islanders believe the best way to stimulate the economy is to reduce government spending.

The poll shows that 27 percent of residents think that slashing spending will help resolve the crisis, followed by 23 percent of responders who believe that the wealthy should pay higher taxes.

Launching infrastructure projects as a way to jump-start the economy was an option favored by 19 percent of the responders, while another 22 percent said that businesses should be given tax breaks. Nine percent of the survey participants didn't know what would help.

The poll also revealed that nearly a third of the responders believe that people earning more than $500,000 should be considered wealthy enough to get a tax increase, while 22 percent said that households bringing in more than $250,000 should pay more in taxes. Another 22 percent disapprove of any tax hikes.

Some analysts say the best way to stimulate the economy is to boost consumer confidence by cutting taxes.Poll ResultsSummary Report

advertisement | advertise on News 12

Top 5 Must See

1 Farmingdale State men's basketball headed to NCAA tourney
2 Tebow begins MLB dream in Mets spring training
The controversial Islandia casino opened for business Monday. 3 Jakes 58 casino opens in Islandia
News 12's Lily Stolzberg has some trivia about 4 On the Spot: TV shows
A new study warns that current strains of 5 Study: Today's pot more potent

advertisement | advertise on News 12

Features

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE