Welcome to our special edition e-update! This is a summary of the Federal Inflation Reduction Act and how it impacts our district and community.
A reminder that as of April 15th, our office is operating under the rule of 50. This means that state legislators are prohibited from sending out 50 or more pieces of identical materials from our office, including the e-update. Our monthly e-update will continue to be posted on our legislative website and social media, but cannot be sent directly to your inbox. We will have to remove all subscriptions until the Rule of 50 is over. If you have any questions regarding this rule, please let us know!
As always, previous updates are available on our website and social media.
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Forward together,
Rep. Robyn Vining
Inflation Reduction Act
This monumental piece of legislation paves the way to a better future for communities across the nation and our state. This act focuses on lowering prescription drug costs, healthcare costs, and energy costs while simultaneously fighting climate change.
I have heard from constituents across our community about the anxiety they feel about the impacts of climate change, and the importance of protecting the world for themselves and future generations. The COVID-19 pandemic has changed the ways our businesses and manufacturers function. This act uplifts efforts to make our nation and state more sustainable while prioritizing working families and workers.
Check out our breakdown below to see how this landmark federal legislation impacts our state and district!
Among adults 65+, Black Medicare beneficiaries were roughly 1.5 times as likely as White beneficiaries to have trouble affording medications, and about 2 times as likely to not fill needed prescriptions due to cost. Allowing medicare to negotiate prices will further lower drug costs for seniors– keeping medications attainable for all Wisconsinites.
Through the American Rescue Plan (signed in March, 2021) more than three quarters of uninsured Black Americans had access to a plan with a monthly premium of $50 or less and about two thirds could find a plan for $0-premium. The Inflation Reduction Act builds on these improvements to ensure that more Americans have access to more affordable healthcare coverage.
Wisconsin is home to 461,525 small businesses. Small businesses represent 99.4% of all businesses in the state–we are a small business state! These tax credits make sustainability more achievable for small businesses across Wisconsin.
To read more from the Small Business Administration on the impacts of the Inflation Reduction Act for small businesses HERE.
Wisconsinites across the state will be able to purchase energy efficient appliances, make repairs around their homes, and save money on their utility bills each month!
Learn more about how clean energy and electric vehicle tax credits can lower your energy costs HERE.
Projections estimate that over 90,000 additional Wisconsin households will be able to install solar rooftop panels with these new rebates!
Click the link HERE to learn more about how you and 7.5 million other families can save with solar roof installation.
These grants will help state and local governments update their buildings to be as sustainable and green as possible– which will save money for taxpayers in our state.
The Inflation reduction act invests in manufacturing across our state! Manufacturers employ 466,600 workers in Wisconsin. This investment will increase U.S. manufacturing of clean energy and transportation technologies and position America to lead the growing global market for clean steel, aluminum, cement, and more.
Learn more about how the White House plans to revitalize manufacturing in America HERE.
As of 2021, there were over 70,000 Wisconsin workers employed in clean energy jobs! The Inflation Reduction Act invests in our workers AND our environment.
These discounts make electric vehicles more affordable and will help families save on fuel costs while undercutting pollution caused by gas-powered vehicles.
Check out Wisconsin Department of Transportation’s Electric Vehicle Infrastructure planHERE.
ClickHERE to learn more about WiDOT’s Electrification plan.
Lowering greenhouse gas emissions will avoid costly climate impacts from more extreme weather, in addition to improving local air quality— preventing premature deaths and reducing air pollution. The Inflation Reduction Act focuses on environmental justice projects that impact communities most in need of emissions reductions.
Learn more about the environmental justice focus that President Biden’s administration has takenHERE.
The Inflation Reduction Act will have lasting impacts that enable our communities to make changes that positively impact our future. To learn more about how this impacts our state and nation, clickHERE.
