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4. The Inflation Reduction Act of 2022 (IRA)

4.1. Most registered voters have not heard much about the Inflation Reduction Act of 2022.

On August 16, 2022, President Joe Biden signed the Inflation Reduction Act (IRA) into law. The law aims to curb inflation by reducing the federal deficit, lowering prescription drug prices and the cost of health insurance, modernizing the Internal Revenue Service, and investing in U.S. clean energy production. The law authorizes $391 billion for developing clean energy and addressing global warming, including tax incentives and rebates to help consumers and businesses buy energy-efficient appliances, solar panels, electric vehicles, etc. The IRA also includes support for clean energy jobs and investments in communities that are most harmed by air and water pollution. It is the largest investment the U.S. government has ever made to reduce global warming, and it is projected to help the U.S. reduce its carbon pollution 40% by 2030. The law will be paid for by closing tax loopholes.

A majority of registered voters (58%) have heard at least “a little” about the Inflation Reduction Act of 2022 (IRA; refer to data tables, p. 49), but only 36% have heard either “a lot” (12%) or “some” (24%) about it. Liberal Democrats (43%) and conservative Republicans (42%) are the most likely to have heard “a lot” or “some” about the IRA, while fewer moderate/conservative Democrats (31%) or liberal/moderate Republicans (23%) have. About four in ten registered voters (41%) have heard “nothing at all” about the IRA.

This dot plot shows the percentage of registered voters, broken down by political party and ideology, who have heard "a lot" or "some" about the Inflation Reduction Act of 2022. Most registered voters have not heard much about the Inflation Reduction Act of 2022. Data: Climate Change in the American Mind, Fall 2023. Refer to the data tables in Appendix 1 of the report for all percentages.

4.2. A majority of registered voters support the Inflation Reduction Act of 2022.

After reading a brief description of the Inflation Reduction Act (IRA), a large majority of registered voters (71%) say they support it (35% “strongly support” and 35% “somewhat support”; refer to data tables, p. 49). Nearly all liberal Democrats (97%) and a large majority of moderate/conservative Democrats (92%) support the IRA, as do about seven in ten liberal/moderate Republicans (71%; an increase of 14 percentage points since we last asked this question in Spring 2023). By contrast, one in three conservative Republicans support the IRA (33%), while 66% oppose it (including 43% who strongly oppose it).

This dot plot shows the percentage of registered voters, broken down by political party and ideology, who "strongly" or "somewhat" support the Inflation Reduction Act of 2022. A majority of registered voters support the Inflation Reduction Act of 2022. Data: Climate Change in the American Mind, Fall 2023. Refer to the data tables in Appendix 1 of the report for all percentages.

4.3. Fewer than half of registered voters think the Inflation Reduction Act (IRA) will help them or the country. However, some of these numbers have increased over the past year.

Fewer than half of registered voters think the Inflation Reduction Act (IRA) will help the following groups of people or the country, including:

  • Future generations of people: 46% of registered voters; 78% of liberal Democrats, 67% of moderate/conservative Democrats, 30% of liberal/moderate Republicans, and 14% of conservative Republicans.
  • The health of Americans: 45% of registered voters (an increase of 10 percentage points since we last asked this question in December 2022); 78% of liberal Democrats (+10 points), 64% of moderate/conservative Democrats (+15 points), 25% of liberal/moderate Republicans, and 14% of conservative Republicans (+8 points).
  • Low-income communities and communities of color who are disproportionately harmed by pollution: 40% of registered voters; 69% of liberal Democrats, 58% of moderate/conservative Democrats, 23% of liberal/moderate Republicans, and 13% of conservative Republicans.
  • The economy and jobs in the U.S.: 38% of registered voters; 70% of liberal Democrats, 54% of moderate/conservative Democrats, 21% of liberal/moderate Republicans, and 10% of conservative Republicans.
  • Their family: 33% of registered voters (+7 percentage points since December 2022); 58% of liberal Democrats (+11 points), 48% of moderate/conservative Democrats, 19% of liberal/moderate Republicans (+10 points), and 9% of conservative Republicans.
  • Them personally: 30% of registered voters (+8 percentage points since December 2022); 53% of liberal Democrats (+12 points), 45% of moderate/conservative Democrats (+11 points), 16% of liberal/moderate Republicans (+9 points), and 8% of conservative Republicans.
  • National security: 20% of registered voters; 40% of liberal Democrats, 32% of moderate/conservative Democrats, 12% of liberal/moderate Republicans, and 5% of conservative Republicans.

This dot plot shows the percentage of registered voters, broken down by political party and ideology, who think the Inflation Reduction Act (IRA) will help them or the country. Fewer than half of registered voters think the Inflation Reduction Act (IRA) will help them or the country. Data: Climate Change in the American Mind, Fall 2023. Refer to the data tables in Appendix 1 of the report for all percentages.