Keystone Today

A national poll shows that 66% of Americans are against the Inflation Reduction Act tax hike, which is supported by U.S. Senate candidate and Pennsylvania Lt. Gov. John Fetterman. 

The Democrats' Inflation Reduction Act is set to raise average household taxes by more than $2,000 annually. Knowing this, more than 6 in 10 Americans oppose the bill, according to a recent national poll. The nonpartisan Joint Committee on Taxation confirms the act will raise taxes for Americans across all income brackets.

"NEW @SenOppFund poll: 66% of Americans are AGAINST the average American household's $2,120 tax hike provided by the Democrats' Inflation Reduction Act," Erin Perrine, former principal deputy communications director for former President Donald Trump, said on Twitter.

Fetterman feels differently.

"Woo hoo! Senate Democrats came together around Common Sense legislation" Fetterman said in a post to his Twitter account. "The Inflation Reduction Act will: start reducing inflation; drive down costs (inc. drug costs); cut the red tape to Make More Sh*t in America; reduce the budget deficit; plus a whole lot more".

A new national survey by the Senate Opportunity Fund surveyed Americans' opinions on the Democrats' Inflation Reduction Act, which according to nonpartisan analysis, will raise taxes on nearly all working Americans across all income brackets. Knowing that the average household will pay over $2,120 more in taxes, 66% of Americans are against the bill. 

According to an analysis performed by the Joint Committee on Taxation, under the legislation, taxes will go up by $16.7 billion in 2023 for those earning below $200,000 —an almost $17 billion tax targeted mainly at low- and middle-income workers, in the midst of stagflation. The 10-year window will increase the average tax rate for nearly every single income category, and by 2031, Americans earning less than $400,000 are projected to bear as much as two-thirds of the burden of the additional tax revenue.

The JCT analysis also demonstrates that the bill's tax increases on lower- and middle-income Americans are so significant that any supposed tax credit benefits only outweigh the tax hits for a small portion of the population. Even for the sliver of people who do receive a small benefit, significantly larger portions of American taxpayers in each income category would still face the burden of a tax increase.

Nonpartisan research shows that in 2023, tax increases would happen for 24.6% of taxpayers earning between $10,000 and $20,000; 61.7% of those earning between $40,000 and $50,000; 91.3% of those earning between $75,000 and $100,000; and 97.2% of those earning between $100,000 and $200,000.

The SOF poll also reveals that 68% of Americans do not believe President Joe Biden and Congressional Democrats are doing enough to prevent inflation. This includes 43% of liberal voters and 67% of moderate voters. The SOF poll was conducted from Aug. 11 to 14. It surveyed 800 likely voters in the general election.