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Latino Daily News

Saturday July 23, 2011

As Congress and President Battle on Debt Ceiling, Young Hispanics Prefer Spending Cuts over Taxes

As Congress and President Battle on Debt Ceiling, Young Hispanics Prefer Spending Cuts over Taxes

Photo: public spending cuts

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Generation Opportunity, the new, non-profit, non-partisan organization educating, engaging, and mobilizing young Americans 18-29 years old on the immediate and long-term economic challenges facing the nation – such as the lack of job opportunities and increasing debt and federal spending – is releasing telling new polling numbers on the views of young Hispanics. Hispanics 18-29 years old want to see less government interference, lower taxes on business profits, reduced federal spending in general, and specifically prefer more cuts in federal spending over raising new taxes to get the economy on track.

“The desire to work, the drive to succeed, and the ambition to build financially for the future are shared among all young Americans,” said Paul T. Conway, President of Generation Opportunity and a former Chief of Staff of the United States Department of Labor. “Young Americans in every community across the nation have been negatively impacted by unemployment and the lack of opportunity, especially within the Hispanic community, and they know the solution to recovery is not more federal spending, taxes and interference with those who have the courage and resources to create jobs. If elected leaders in Washington think the generation they encouraged to get involved in reshaping the future of America is now simply going to sit back, take instructions to be patient and remain hopeful as they watch their dreams and country put at risk – then they are out of touch with the very citizens who granted them their trust and vote.”

INSIGHTS ON AMERICA & THE ECONOMY AMONG YOUNG HISPANICS

Generation Opportunity recently commissioned a poll with the polling company, inc./WomanTrend and highlights some of the results below.

By nearly a 3:1 ratio, Hispanic young adults prefer “reducing federal spending” (69%) to “raising taxes on individuals” (27%) in order to balance the federal budget.

70% of Hispanic young adults would decrease federal spending if given the chance to set America’s fiscal priorities.

A 57%-majority of Hispanics agree that “if taxes on business profits were reduced, companies would be more likely to hire.”

In a separate question, a 56%-majority concurred “the economy grows best when individuals are allowed to create businesses without government interference.”

61% indicated their agreement with “American Exceptionalism” – described as an ideal of freedom and democracy exclusive and unique to the United States.

Generation Opportunity’s release of poll numbers comes shortly after appearing at the 2011 League of United Latin American Citizens (LULAC) National Convention in Cincinnati, Ohio, where the economy and opportunity were major topics among the estimated 20,000 attendees. The convention drew Hispanic leaders including elected officials, nationally known business leaders, entrepreneurs, and those involved in public service and non-profit organizations.