President Joe Biden’s hope of riding his costly spending bill to reelection has fallen flat because older people now see it as a bait-and-switch scheme to push a leftist green agenda at their expense.
Overwhelmingly, older voters said that they have received little or no benefit from the Inflation Reduction Act Biden has been touting in stops around the country.
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Instead, they believe that the only beneficiaries of the economic hype have been Biden and his political pals.
“From consumer prices to healthcare, it is abundantly clear that older Americans view the Inflation Reduction Act as a complete failure,” said pollster Jim McLaughlin, president of McLaughlin & Associates.
“Liberal politicians’ turned this spending bill into a cruel jest, as hundreds of billions in Medicare funds intended for older Americans’ well-being have been squandered on costly Green New Deal fantasies and handouts to big health insurers,” he added in reviewing his survey with Secrets.
The key takeaways in his poll conducted for American Commitment:
- Most, 77%, of voters 55 and older believe the Inflation Reduction Act is a “failure.” That includes a majority of Democrats
- Asked who benefited from the tax provisions, regulations, and spending, 42% said “politicians.” Just 6% said older people
- Nearly 90% said the savings promised in Medicare should be used to lower drug and medical costs for older people, not Biden’s liberal agenda
“The Biden White House is holding a celebration for a bill that older Americans overwhelmingly have experienced as a failure,” Phil Kerpen, the president of American Commitment, said of Biden’s victory tour.
Kerpen added, “While the Democrats’ spending bill was presented as a means to lower consumer prices and seniors’ healthcare costs, likely voters believe it has done the opposite. Furthermore, older Americans are overwhelmingly opposed to diverting hundreds of billions of dollars in projected Medicare savings to pay for and prioritize Washington politicians’ unrelated spending priorities. The IRA was a classic ‘bait n switch’ by liberals in Congress, and conservatives should stay on offense against it.”
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Other highlights from McLaughlin:
- Nearly 75% of those polled believe the Inflation Reduction Act turned out to be something different than what supporters promised
- Over 80% said prices for their prescription drugs and health insurance either increased or stayed the same after enactment of the spending bill, with only about 10% seeing any decreases in costs
- Nearly 85% said prices they paid for consumer goods such as food, clothing, and utilities have increased since the bill passed last year
