One Year on Inflation Reduction Act delivers for North Dakotans says Dem-NPL Chair

FOR IMMEDIATE RELEASE:
August 16, 2023

CONTACT:
Laura Dronen
Communications Director
(701) 566-0616
laura.dronen@demnpl.com

Fargo, ND – Wednesday, August 16, 2023 marks the first anniversary of the signing of the Inflation Reduction Act. Despite Republicans, including North Dakota’s delegation, voting against it, the monumental legislation has already benefitted North Dakotans.

North Dakota Democratic-NPL Chair Adam Golwyn remarked, “One year ago, President Biden signed the historic Inflation Reduction Act into law. This legislation is now lowering health care and prescription drug costs, bringing new jobs to our communities, and leading to private and public investments in North Dakota that will deliver for generations. Congressional Republicans like Hoeven, Cramer, and Armstrong will keep fighting Biden’s Investing in America programs, even as they cut ribbons for projects funded by them. We must 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 to protect the progress made, and grow the economy from the bottom up and middle out.”

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

● Approximately 137,200 seniors and other Medicare beneficiaries in North Dakota 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 programs.

● In 2021, there were already 8,614 North Dakota workers employed in clean energy jobs. The Inflation Reduction Act is expanding those job opportunities, bringing an estimated $11 billion of investment in large-scale clean power generation and storage to North Dakota between now and 2030.

● Hardworking North Dakota families will receive $74.5 million in home energy rebates to help cut their energy costs by weatherizing their homes and replacing old appliances with more efficient models.

● Manufacturers employ 26,200 workers in North Dakota, and the Inflation Reduction Act will help us make the technologies of the future at home — supporting local economies and strengthening supply chains.

● North Dakota is home to 75,427 small businesses — almost all businesses in the state are small businesses. The Inflation Reduction Act will help them save money through tax credits to support energy efficiency improvements that deliver lower utility bills.

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

● The Inflation Reduction Act supports climate-smart agriculture practices, which will help North Dakota farmers lead on climate solutions and reward their stewardship.

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

***Investing in America website with Statistics by State***
***White House One Year of Inflation Reduction Act Fact Sheet***
***White House State by State Fact Sheet***