The supply-side policy with the most crossover appeal is giving builders incentives to construct more affordable homes and apartments.
Free market solutions that reduce federal spending, lower taxes, and increase the supply of energy and housing are preferred by voters over big government solutions.
WHY IT MATTERS – Previous polling from America’s New Majority Project shows that fighting inflation and reducing the cost of living is (by far) the number one issue for voters.
HOW TO USE THIS DATA – The report shows the outlines of an economic agenda with broad crossover appeal that would serve as a magnet for Independent and Democrat leaning voters.
Click on the image below to read the full report…or read the summary below.
More than 7-in-10 voters believe cutting federal spending and balancing the budget to strengthen the dollar is an effective way to fight inflation and reduce the cost of living.
- This includes 80% of Republicans, 71% of Independents, and 62% of Democrats.
- 73% of swing voters and 77% of New Majority voters think cutting spending and balancing the budget would be effective.
- 75% of New Majority voters who are currently leaning toward voting Democrat see it as effective.
- 39% of voters see the policy as very effective versus just 6% who see it as not effective at all.
More than 6-in-10 voters believe other supply-side solutions are effective. This includes:
- Lowering income taxes to increase take-home-pay for workers (70%).
- Increasing domestic oil and gas production to lower gasoline and energy prices (69%).
- Creating financial incentives for builders to construct more affordable homes and apartments (67%).
- Reducing burdensome regulations that add to the cost of doing business and increase prices (63%).
Creating incentives for builders to construct more affordable homes and apartments has the strongest crossover appeal.
- The policy is supported by 76% of Democrats, compared to 61% of Republicans and 66% of Independents.
- 78% of New Majority voters who are currently leaning toward voting for a Democrat support the policy, compared to 65% of all New Majority voters.
Demand-side policies are seen as less effective than supply-side policies, with one exception.
- The sole demand-side policy that performs better than supply-side policies is allowing Medicare to negotiate lower drug prices, which is seen as effective by 79% of voters.
- 61% of all voters believe raising taxes on the wealthy and improving benefits for the poor and middle class is effective.
- Fewer than 6-in-10 voters believe polices such as price controls, raising the minimum wage and giving labor unions more power would be effective.