Inflation Reduction Act Delivers for Illinois Families

The IRA has created more than 334,000 jobs nationwide and lowered costs for millions of families since 2022 

Two years ago, the Inflation Reduction Act was signed into law, historic legislation that has delivered for working families across the country by cutting costs, creating jobs, and investing in American manufacturing.

The Inflation Reduction Act has:

• Saved families an average of $300 a year on energy costs.

• Created more than 334,000 jobs and is projected to create more than 1.5 million jobs nationwide by 2030.

• Capped the cost of insulin at $35 a month for Medicare recipients, saving 4,100 people in IL-13 $480 per year.

• Capped prescription drug costs for Medicare recipients at $2,000 per year (starting in 2025). More than 18 million seniors will save an average of $400 a year, 1.8 million of which could save as much as $2,500 a year.

• Kept the health care industry from raising costs on 19,000 people in IL-13 by $1,030 per year.

Every single House Republican voted against this landmark legislation. 

House Republicans have voted 42 times to repeal the job creating investments in the Inflation Reduction Act – but that hasn’t stopped their vulnerable members from trying to falsely take credit for the jobs and investments created from legislation passed by House Democrats.

DCCC Spokesperson Mallory Payne:
“The Inflation Reduction Act is an example of the kind of common sense legislation that Nikki Budzinski will deliver to lower costs, create jobs, and grow the middle class when Democrats retake the House majority in November. Illinois families know Budzinski is fighting for results, and it’s why she will win reelection.”

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