Color our poll respondents cynical this week.
A majority of voters in our weekly unscientific poll, 53.29% – said they thought the $739 billion “Inflation Reduction Act” that passed both houses of Congress last week with no Republican support and were signed into law by President Joe Biden will actually have the opposite effect.
That 53.29% of respondents said they thought the act would Increase inflation while 28.39% said it would have no effect. Just 16.1% of those who chimed in thought the act would actually reduce inflation, while 2.2% stated the did not care
By comparison, the entire fiscal year 2023 budget for the State of Arizona is $61.9 billion. In other words, the Inflation Reduction Act will cost U.S. taxpayers about 12 times what it costs to run the nation’s 14th-largest state, with 7.3 million people for an entire year. This also comes at a time when inflation is at a 40-year high of about 9 percent.
If you would like to vote in this week’s polls it can be found here.