New Survey Reveals Lack of Awareness on Biden’s Economic Legislation
Recent polling data suggests that a significant portion of registered voters are uninformed about President Joe Biden’s key economic legislative accomplishments. This lack of awareness poses a challenge for Biden in persuading voters that he is the most capable candidate to address their primary concerns: the economy and inflation.
Key Insights
The majority of registered voters surveyed by Politico-Morning Consult indicated that they have limited knowledge about the American Rescue Plan, the Bipartisan Infrastructure Law, and the CHIPS and Science Act. Additionally, nearly half of the respondents were unfamiliar with the Inflation Reduction Act.
Among those voters who were aware of the four economic laws, only a quarter stated that they had personally benefited from their implementation.
Despite former President Trump’s unsuccessful attempts to negotiate a comprehensive infrastructure package, a comparable percentage of voters believe that Trump (37%) and Biden (40%) have made similar contributions to promoting infrastructure development and job creation.
Surveys consistently show that the economy and inflation rank as the top priorities for voters in the upcoming 2024 presidential election. According to an ABC News/Ipsos poll, 88% of respondents identified the economy and 85% highlighted inflation as the most critical factors influencing their voting decisions.
The same survey revealed that a higher percentage of voters trust Trump over Biden to manage the economy and handle inflation.
Insightful Background
President Biden signed the Inflation Reduction Act in August 2022 in response to a 40-year high in inflation rates earlier that year. While the legislation did not directly impact the decrease in inflation over the following months, Biden acknowledged that its primary focus was on stimulating economic growth rather than solely reducing inflation. The CHIPS and Science Act, also signed in August 2022, aims to enhance domestic semiconductor research and production. Additionally, the bipartisan infrastructure deal passed by Congress in November 2021 focused on rebuilding critical infrastructure and expanding access to essential services like clean water and high-speed internet. The American Rescue Plan, approved in March 2021, marked Biden’s initial legislative success and targeted COVID-19 recovery efforts by providing direct payments to eligible individuals, along with substantial funding for various public services and initiatives.
Statistical Highlight
37% of Democrats reported a positive personal impact from the Inflation Reduction Act, contrasting with only 12% of Republicans and 15% of Independents, according to the Politico-Morning Consult poll.
Explore More
For additional insights into the evolving dynamics of the 2024 election and the contrasting views on economic policies, check out these articles:
- Biden Vs. Trump 2024 Election Polls: Trump Leads Biden By 1 Point In Latest Survey (Forbes)
- ‘Bidenomics’ Messaging May Be Working Against The President’s Re-Election Campaign—Here’s Why (Forbes)
- Biden Campaign Admits Prices Are Too High In Thanksgiving NFL Ads—As ‘Bidenomics’ Message Falls Flat With Voters (Forbes)
Read More of this Story at www.forbes.com – 2024-05-08 14:52:17
Read More US Economic News
