American voters have more confidence in Republicans than Democrats when it comes to controlling the national deficit, a recent poll has revealed.
The latest edition of the bipartisan Politico-George Washington University Battleground Poll reports that 45 percent of Americans surveyed would prefer a GOP-led Congress handling the country's budget. Only 28 percent would favor Democrats.
In addition, approximately 45 percent of the registered voters surveyed believe that Republicans will take control of the House of Representatives after November's midterm elections. About 46 percent said that conservatives will take control of the Senate.
FOXBusiness.com reports that Congress' lack of progress on determining next year's tax rates could significantly impact the taxpayers.
"If Congress was to fail to extend [the Bush-era cuts], that would be close to disastrous," Clint Stretch, managing principal for tax policy for Deloitte Tax LLC, told the news provider. "I don't see how these folks can fail to extend the middle-class tax cuts. People would be angrier than they are now."
According to a report from Deloitte Tax, a family of four with a household income of $50,000 per year would have to pay almost $3,000 more in taxes in 2011, while a family of four accruing $100,000 a year will see a rise of $4,500.