Follow this authorCatherine Rampell's opinions

The share of voters who approve of Biden’s handling of the economy has also shown little improvement.

Perhaps most distressing for Democrats, when survey respondents are asked to rate Biden against the likely GOP presidential nominee, Biden fares poorly.

They remember the economy under Trump as being much better than the economy is today, CBS polling found. The last year of Trump’s presidency, when unemployment reached its highest level since the Great Depression, apparently doesn’t count, or has been forgotten.

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Voters are also more than twice as likely to say that Trump’s policies helped them personally as they are about Biden’s work, the New York Times-Siena poll found.

And when asked whether a second term from either candidate would lead prices to go up or down, voters are more than twice as likely to believe Trump would push prices down as they are for Biden, per the CBS poll.

This is astounding. Leaving aside the faulty premise of that question — the overall price level almost never goes down, it merely rises more slowly — Trump’s policy agenda would likely worsen inflation. Why? Consider his main economic proposals:

• An additional 10 percent tax on all global imports, plus 60 percent on Chinese goods. As I’ve cited before, four separate studies found that the costs of Trump’s prior tariffs were borne mostly or entirely by Americans via higher prices.
• A reduction in the labor supply by slashing levels of both illegal and legal immigration. For instance, Trump would not only deport much of the agricultural workforce that’s undocumented; he also plans to dismantle the visa program that allows seasonal agricultural workers to come here legally. Wait until you see what that does to produce prices.
• Expansions of the federal deficit through more unfunded cuts to corporate and capital-gains taxes (both of which disproportionately affect higher earners). Federal spending would........
  

  © Washington Post