Forty-three percent of Americans believe that a combination of spending cuts and tax increases are needed to solve the looming fiscal cliff, according to the results of a new national survey.

Thirty-seven percent believe cutting spending alone is the best way to handle the deficit and 8 percent think tax increases are the solution, according to the Emerson College Polling Society.

"Our data suggests that Americans want a compromise between tax increases and spending cuts: a solution of every five dollars in spending cuts, for every one dollar in tax increases is a popular compromise for the country to avoid going over the fiscal cliff," said ECPS president Grey VanDeMark.

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