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Republicans Extend Economic Lead to 12 Points Despite Tariffs and Market Uncertainty

Surveys show Republicans now share the middle-class mantle with Democrats for the first time in decades.

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Overview

  • A May 2025 Reuters-Ipsos poll finds Republicans ahead by 12 points on which party offers the better economic plan, up from a nine-point edge in May 2024.
  • CNN polling indicates Republicans hold an eight-point advantage on which party aligns closest with voters’ economic views, a lead consistent since November 2023.
  • Registered-voter surveys reveal a tie between the parties on which best represents the middle class, erasing a long-standing Democratic edge.
  • Analysts say Republican economic messaging has remained resilient despite stock-market swings, recession fears and unpopular tariff policies.
  • The evolving economic perceptions heighten pressure on Democrats as they strive to reclaim the House and Senate in the 2026 midterms.