Polls Find That Americans Support Democrats’ New Economic Plan – By Yuval Rosenberg (The Fiscal Times) / Aug 3, 2022
Three new polls find that Americans overwhelmingly support the new Inflation Reduction Act negotiated by Senate Majority Leader Chuck Schumer (D-NY) and Sen. Joe Manchin (D-WV).
A Yahoo News/YouGov poll found that 61% of Americans favor the proposals to allow Medicare to negotiate drug prices and cap out-of-pocket costs at $2,000 a year. And 53% favor the corporate tax increases and deficit reduction in the legislation.
“At a time of bitter polarization, these are strikingly positive results for any bill explicitly associated with one party and not the other,” Yahoo’s Andrew Romano writes. “Independents support each element of the Manchin-Schumer deal by the same wide margins as Americans overall — and even a plurality of Republicans favor (47%) rather than oppose (27%) its prescription-drug reforms.”
Similarly, a poll by liberal group Data for Progress finds that 73% of likely voters support the legislation when told it will lower costs for families, ramp up clean energy production, lower prescription drug costs and reduce the deficit.