51 percent of voters believe that Democrats’ $3.5 trillion tax-and-spend plan will make inflation worse, according to a new poll conducted by HarrisX.
The poll was conducted by HarrisX between Sept. 3 – 6 among 1,916 representative registered voters.
Respondents were asked the following:
President Biden and Congressional Democrats are pushing legislation that increases spending and taxes by $3.5 trillion over the next decade. Do you think this will make inflation worse, better, or have no effect?
- No effect
51 percent of respondents answered, “Worse,” while just 21 percent answered, “Better.” About 27 percent answered, “No effect.”
The following demographic groups said the $3.5 trillion reconciliation package would make inflation worse:
- 55 percent of women
- 61 percent of voters making less than $75k
- 45 percent of independents
- 60 percent of suburban voters
- 68 percent of rural voters
- 81 percent of Republicans
- 72 percent of those 65 years old or older
Inflation has already been surging. Consumer prices increased by 5.4 percent on an annualized basis in July, according to the Bureau of Labor Statistics (BLS). In January 2021, before Joe Biden took over the presidency, annual inflation was at a stable 1.4 percent.
These findings are instructive as Democratic lawmakers push for trillions of dollars in new spending and taxes.
Click here to view the breakdown of the poll. The poll was commissioned by Americans for Tax Reform.