Analysis: Biden’s administration has embraced “Bidenomics” as a way to talk about the unexpected resilience of the economy imposed by the pandemic. Some think the term includes tax increases, despite no such increases having been implemented.
in which his economic agenda was described using words by Rep. Marjorie Taylor Greene — one’s she meant as insulting but which Biden embraced., conducted by YouGov, reveals one potential downside to running with “Bidenomics” as a summarizing concept: About half the country thinks the term includes tax increases — despite no such increases having been implemented. It’s a reminder that perceptions of the economy and economic actions are often more deeply rooted in politics than reality.
The CBS-YouGov poll also asked people what they thought of when they heard the term. Here, there were wide gaps by party. In general, any negative association was more common with Republicans and positive associations with Democrats. This is telling because, unlike increases in inflation, there haven’t been any tax increases under Biden’s administration. There was
It is also fair to note that Fox News has talked about Bidenomics in the context of taxes more than its competitors, although still relatively infrequently.
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