Statement From Public Private Strategies Founder Rhett Buttle Ahead of the One Year Anniversary of the Inflation Reduction Act

Washington, D.C. – Public Private Strategies Founder, Rhett Buttle, released the following statement ahead of tomorrow's one year anniversary of the Inflation Reduction Act:

“In the year since its signing, the Inflation Reduction Act has uplifted our economy and lowered costs for working families. The investments made by the Inflation Reduction Act are continuing to spur economic growth and manufacturing, with more than  $500 billion  in investments under President Biden.

“This is one of the most consequential pieces of legislation in modern history and is bringing back manufacturing jobs from overseas to America’s small towns and cities. With just one year since its implementation, we’ve already seen the massive impacts of the IRA from lowering healthcare costs, to closing tax loopholes, to investing in the clean energy economy. 

“The IRA is benefitting America’s small businesses, their employees, and their families who continue to struggle with high healthcare costs. By allowing Medicare to negotiate prescription drugs, the IRA lowered the cost of critical drugs that many working families and entrepreneurs depend on.

“As we look toward the coming years, the focus must remain on ensuring the opportunities of the Inflation Reduction Act are broadly distributed across our economy, reaching manufacturing and small businesses across the country. With strong implementation, the IRA will continue to generate economic growth and deliver results to diverse communities across the country in the years to come.”

# # #