John Boehner won't be happy about this one. A new poll released Friday revealed that 48 percent of Americans trust Obama to come up with solutions to current economic problems, compared to just 32 percent who trust congressional Republicans to do the same. And they have plans for it too: 75 percent of respondents said that families earning above $250,000 per year should have higher taxes, and about the same percentage also advocated taxes and regulations should be reduced overall. Just one third thought cutting spending on services like Medicaid would be a good idea.
Political columnists Michael Tomasky and David Frum discuss what tax-rate deductions could do for the President.