ONE YEAR LATER: IDP Chair Rita Hart’s Statement On The Inflation Reduction Act Anniversary 

Iowa Democratic Party Chair Rita Hart released the following statement on the one year anniversary of the Inflation Reduction Act becoming law:

“One year ago, President Biden and Democrats delivered a win for the American people despite every Republican in Iowa’s Congressional Delegation voting against it.”

“The Inflation Reduction Act is doing exactly what it promised: lowering health care and prescription drug costs for Iowans, creating new jobs in our communities, and making the largest investment in defending our climate in US history. Despite this, Iowans are hearing from the MAGA Republican candidates every day dead set on rolling back this historic legislation and increasing costs on middle-class families. That’s why it’s so important that we send President Biden and Vice President Harris back to the White House next year to finish the job and elect Democrats up and down the ballot who will protect and build on the progress we’ve made.”

Here’s how the Inflation Reduction Act is delivering for Iowans:

  • 646,900 seniors and other Medicare beneficiaries in Iowa will save money on prescription drug costs because of President Biden’s caps on out-of-pocket prescription drug and insulin costs, free vaccines, inflation rebates, and drug price negotiation program.

  • In 2021, there were already 30,393 Iowan workers employed in clean energy jobs. The Inflation Reduction Act is expanding those job opportunities, bringing an estimated $24.6 billion of investment in large-scale clean power generation and storage between now and 2030.

    • In Des Moines, MidAmerican Energy has already announced $3.9 billion in clean energy investments due in part to the Inflation Reduction Act.

  • The Inflation Reduction Act supports climate-smart agriculture practices, which will help Iowa’s 84,900 farms lead on climate solutions and reward their stewardship.

  • The Inflation Reduction Act includes several tax incentives and new programs to improve the infrastructure and increase domestic production of clean biofuels and sustainable aviation fuels.

  • Hardworking Iowa families will receive $8.8 billion in home energy rebates to help cut their energy costs by weatherizing their homes and replacing old appliances with more efficient models.

  • The Inflation Reduction Act will make it easier and cheaper for Iowans to purchase an electric vehicle, with upfront discounts for new and used EVs, helping middle-class Americans skip the gas pump and save on fuel costs.

  • The Inflation Reduction Act will significantly reduce pollution, helping Iowa not only avoid costly climate impacts from more extreme weather, but also improve local air quality.

  • The Inflation Reduction Act will upgrade affordable housing, helping thousands of Iowans boost resilience in the face of intensifying extreme weather.