Just 12% of Americans believe the 'Inflation Reduction Act' will actually reduce inflation
Nearly 60% believe it will do nothing or drive inflation up.
The Facts Inside Our Reporter’s Notebook
A dismal 12% of Americans believe that the gargantuan Democratic-sponsored "Inflation Reduction Act" will actually reduce inflation, according to a new poll released this week.
The Economist/YouGov poll, which queried 1,500 U.S. adults, asked respondents their feelings on the $369 billion "Inflation Reduction Act" currently making its way through Congress this week.
Just 12% of respondents said the bill would "decrease inflation," while 36% expressed a belief that it would actually increase it. Twenty-three percent said the bill would do nothing either way, while the remaining 29% were unsure.
A bare 51% majority, meanwhile, said they actually supported the bill — which includes heavy investments in green energy and a tax hike on large corporations — while nearly 1/3 were opposed, and the remaining 17% were unsure.
The bill is set to be debated this weekend.