Wisconsin

The Biden Administration’s Inflation Reduction Act, Wisconsinites are seeing remarkably low healthcare and prescription drug costs, exponential job growth in clean energy, and a plethora of rebates and tax credits for transitioning to renewable energy alternatives.

With the Inflation Reduction Act’s $35 monthly cap on insulin, over 30,000 Wisconsinites have saved just over $600 per year since 2022. On top of that, low- and middle-income Americans with Affordable Care Act exchange plans have seen annual savings of $495 over the past two years; with 221,128 Wisconsin residents on ACA plans, that’s a total of over $100 million in prescription drug savings in one year alone. And as the Inflation Reduction Act aims to uplift the nation’s most vulnerable communities, Wisconsin women, who experience vastly higher rates of poverty than men, have benefited significantly from the bill’s free recommended vaccine program, a cap on out-of-pocket drug costs, and Medicare negotiations to lower the costs of critical prescription drugs.

On the clean energy front, the Inflation Reduction Act has helped Wisconsin to create 71,000 jobs in the green energy sector, doing everything from building electric vehicles to forwarding environmental justice initiatives. In Milwaukee, the bill has even established an Urban Forestry program that is creating 53 new jobs caring for Milwaukee’s tree cover to ensure that the city has access to shade and clean air. With these new jobs in the environmental and green energy sectors, the state of Wisconsin is now projected to transition to 100% clean energy by 2050 while adding $21 billion to the state’s economy. Most notably to Wisconsin’s 64,100 farms, the agriculture sector is getting a significant boost with direct-pay clean energy tax credits from the federal government while also investing in rural electric cooperatives to improve the reliability and affordability of local power supplies.

The savings and earnings are being felt on an individual level, too. Thanks to the comprehensive rebates offered by the Inflation Reduction Act, Wisconsin drivers can receive an upfront discount of $7,500 when purchasing a new EV or $4,000 when purchasing a used one; low income households are eligible to receive 50-100% cost coverage for new electric appliances, including heat pumps, water heaters, clothes dryers, stoves, and ovens; and small business owners are now eligible for tax credits to save them thousands of dollars when updating commercial buildings to be more energy efficient. 

Thanks to the Inflation Reduction Act, Wisconsinites have the ability to actually make ends meet as they pursue a brighter future.