{"id":16357,"date":"2012-11-29T18:18:40","date_gmt":"2012-11-29T23:18:40","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/short-reads\/%year%\/%monthnum%\/%day%\/many-americans-dont-fully-understand-fiscal-cliff-impact\/"},"modified":"2024-04-14T03:42:21","modified_gmt":"2024-04-14T08:42:21","slug":"many-americans-dont-fully-understand-fiscal-cliff-impact","status":"publish","type":"short-read","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/short-reads\/2012\/11\/29\/many-americans-dont-fully-understand-fiscal-cliff-impact\/","title":{"rendered":"Many Americans Don\u2019t Fully Understand Fiscal Cliff Impact"},"content":{"rendered":"<p class=\"wp-block-paragraph\">While debate over the fiscal cliff is the dominant issue in Washington, many Americans say they do not fully understand the consequences of the tax and spending measures taking effect.<\/p>\n\n<p class=\"wp-block-paragraph\">Only about quarter (26%) say they understand very well what would happen if the automatic spending cuts and tax increases were to go into effect in January; 32% say they understand the effect of these changes fairly well. About four-in-ten (42%) say they understand the impact of these measures not too well (23%) or not at all well (17%).<\/p>\n\n<p class=\"wp-block-paragraph\">Those who say they understand the potential impact of the automatic spending cuts and tax increases either very or fairly well are more likely to say there will be a major impact on the U.S. economy (75%) and their own personal finances (48%) than are those who understand the issue not too well or not at all well (58% major impact on economy, 38% major impact on personal finances).<\/p>\n\n<p class=\"wp-block-paragraph\">There are only slight partisan differences in percentages of those saying they understand the consequences of the fiscal cliff: 64% of Republicans and 61% of Democrats say they understand the possible impact of the spending and tax changes. That compares with 53% of independents. <a href=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/politics\/2012\/11\/13\/broad-concern-about-fiscal-cliff-consequences\/\">Read more.<\/a><\/p>\n\n<figure><a href=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/politics\/2012\/11\/13\/broad-concern-about-fiscal-cliff-consequences\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" style=\"vertical-align: bottom\" src=\"https:\/\/assets.pewresearch.org\/wp-content\/uploads\/sites\/12\/2012\/11\/1637.gif\" alt=\"\" width=\"315\" height=\"256\"><\/a><\/figure>","protected":false},"excerpt":{"rendered":"<p>About four-in-ten Americans say they do not understand the consequences of going over the fiscal cliff.  <\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"sub_headline":"","sub_title":"","_prc_public_revisions":[],"_ppp_expiration_hours":0,"_ppp_enabled":false,"ai_generated_summary":"","apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"relatedPosts":[],"_prc_fork_parent":0,"_prc_fork_status":"","_prc_active_fork":0,"datacite_doi":"","datacite_doi_citation":"","_prc_seo_qr_attachment_id":0,"spoken_article_player_enabled":true,"displayBylines":true,"footnotes":"","prc_watchers":[]},"categories":[],"bylines":[859],"collection":[],"datasets":[],"_post_visibility":[],"formats":[467],"_fund_pool":[],"languages":[],"regions-countries":[515],"research-teams":[],"workflow-status":[],"class_list":["post-16357","short-read","type-short-read","status-publish","hentry","bylines-bruce-drake","formats-short-read","regions-countries-united-states"],"label":"Short Read","post_parent":0,"word_count":193,"canonical_url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/short-reads\/2012\/11\/29\/many-americans-dont-fully-understand-fiscal-cliff-impact\/","art_direction":false,"_embeds":[],"watchers":[],"table_of_contents":[],"datacite_doi":"","prc_seo_data":{"title":"Many Americans Don\u2019t Fully Understand Fiscal Cliff Impact","description":"About four-in-ten Americans say they do not understand the consequences of going over the fiscal cliff.  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