The Inflation Reduction Act One Year Later

One Year Later
With the help of investments included in the Inflation Reduction Act, communities across our nation are seeing revitalized infrastructure, more jobs, lower costs, and the benefits of an economic agenda that puts the middle-class first. Under President Biden, more than 13 million jobs have been created, the unemployment rate remains near historic lows, inflation has fallen significantly to just three percent, and the U.S. economy continues to enjoy stable and inclusive growth as wages rise.
Just one year after its passage, the Inflation Reduction Act is already tackling some of today’s most pressing challenges — all while growing the middle class and reducing the deficit. From lowering health care costs and investing in workforce training programs, to reducing carbon pollution by 40 percent by 2030 and making our tax system more fair, here’s how the Inflation Reduction Act is working for working families.
See the impact of Democratic investments — including the Inflation Reduction Act — in your community.
Data Provided By The Regional Leadership Council, Joint Economic Committee Democrats, Department of Health and Human Services, and Climate Power.