- Biden and Democrats are more trusted to be on the side of working people and look out for “people like me” than Republicans, though Republicans are more trusted on inflation; neither party has a trust advantage on jobs and the economy.
- Biden and Democrats’ new economic plan remains popular and is especially popular when a policy to cap the cost of insulin is included.
- Americans agree more with fighting price gouging than reducing the federal deficit as an approach to bringing down costs; other top antiinflation policies include lowering prescription drug costs and raising taxes on the rich.
Americans Continue to Be Pessimistic About the National Economy and Their Personal Finances
Nearly four in five (79%) rate the economy negatively, while nearly two-thirds (63%) feel uneasy about their personal financial situation.
- Among Americans who disapprove of Biden’s handling of the economy but support new economic legislation from Biden and Democrats, 91% rate the economy negatively and 72% are personally uneasy about their finances.
Biden’s Pandemic Approval Is Net Positive While Ratings Overall and on Handling the Economy Are Deeply Underwater
Biden’s approval rating on the economy has improved somewhat (+4 points since early June), though he is still deeply underwater by 24 points on the issue.
Gun Reform, Speaking Out Against SCOTUS Decision on Roe, Suspending the Gas Tax Among Top Positive News on Biden
While 77% of Democrats have heard “mostly positive” or an “equal mix of positive and negative” on Biden recently, only 46% of independents and 25% of Republicans say the same.
Biden and Democrats More Trusted to Be on the Side of Working People, Look Out for “People Like Me”
While Biden and Democrats are more trusted by 8 points on “being on the side of working people” and by 7 points on “looking out for people like me,” Republicans are more trusted on inflation (+9).
- Neither party is seen as having a trust advantage on handling jobs and the economy (43% Biden/Democrats to 44% Republicans).
Biden and Democrats’ Economic Plan Remains Popular, Especially When Insulin Price Cap Is Included
More than three in five support a new economic plan from Biden and Democrats that includes lower drug prices, lower health insurance premiums, and clean energy; one that includes capping the monthly price of insulin boosts net support by 12 points (from +38 to +50).
Republicans Viewed Less Favorably When Presented as Voting Against Legislation to Cap Insulin Costs
By a 17-point margin, Americans say they view Republicans less favorably after learning they voted against legislation to cap insulin costs, including by a 30-point margin among independents.
More Agree with Democrats Addressing Corporate Price Gouging Than Focusing on Deficit Reduction
By a 15-point margin, independents are more likely to agree with Democrats “who want to hold corporations accountable for price gouging” than those “who want to reduce government spending.”
Most Effective Anti-Inflation Policies Focus on Prescription Drug Costs, Price Gouging, Taxes on the Wealthiest
While majorities think policies like lowering prescription drug prices (58%) and stopping corporate price gouging (55%) will help combat inflation, only 44% of Americans believe cutting the deficit will be effective in helping to combat inflation.
About The Study
Global Strategy Group conducted public opinion surveys among a sample of 1,200 registered voters from June 23-June 27, 2022. 105 additional interviews were conducted among Hispanic voters. 74 additional interviews were conducted among Asian American and Pacific Islander voters. 105 additional interviews were conducted among African American voters. 105 additional interviews were conducted among independent voters.