How the Inflation Reduction Act Will Help Working Families in Wisconsin

This week, President Biden addressed Americans at a White House celebration of the Inflation Reduction Act by saying “This is your victory” – and he’s right.

Working families in Wisconsin have been hit hard by rising costs and an increasing difficulty to get ahead, but because of the Inflation Reduction Act, local families will save thousands of dollars in energy and healthcare costs and see the creation of thousands of new employment opportunities.

By the numbers, the average family enrolling in healthcare can save around $800 per month on insurance costs under the benefits of the Inflation Reduction Act – and energy bills for Wisconsin families could go down by as much as $1,000 each year, creating more of a cushion when times are tough.

According to the Center for American Progress, the Inflation Reduction Act could lower costs for an average family of four by up to $23,000 per year, and a middle-aged single parent with a teen-aged child could see yearly savings of $6,700 between healthcare and energy costs.

Investments from the Inflation Reduction Act will also create new manufacturing jobs – jobs that both provide economic support for Wisconsin families and produce green energy so Wisconsinites can breathe cleaner air.

Because progressive leaders were able to get this done, Wisconsin can now take more steps to combat climate change, put more money in our pockets, and continue bridging the gap in access to affordable healthcare.

The Inflation Reduction Act prioritizes our concerns and gives hard working people across our state the tools to overcome the challenges we face today to build a prosperous and sustainable future, and that’s why this is our victory.

Call Congress today at (202) 224-3121 to thank the progressive leaders who got this done, and tell those who stood in the way that they need to get their priorities straight.

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A Better Wisconsin Together is a state-based research and communications hub for progressives.