CARSON CITY, NV - August 12, 2022
Today, Nevada Governor Steve Sisolak issued the following statement after the final passage of the Inflation Reduction Act of 2022. The bill now heads to President Joe Biden’s desk for signature.
“I am thankful to see Congress put forward and pass this piece of legislation. This bill will go a long way to fight inflation and help bring down costs for Nevadans – two key priorities that we are also working on in the Silver State. Additionally, the bill includes historic investments to address the climate crisis, which will bolster Nevada’s clean energy economy, bring down costs, invest in drought resilience and create jobs for Nevadans,” said Governor Sisolak. “It’s also great to see the expansion of Affordable Care Act subsidies and Medicare prescription drug pricing reform included in this transformative bill. I am grateful to Nevada’s federal delegation who voted this package forward, including Senators Jacky Rosen and Catherine Cortez Masto and Representatives Dina Titus, Steven Horsford and Susie Lee.”
The Inflation Reduction Act includes $369 billion in funding for energy security and climate change, $64 billion to extend the Affordable Care Act, and $4 billion for western drought resilience, all of which will have impacts on Nevadans.
Climate programs that benefit Nevadans include resources for water conservation, tax credits for purchasing new and used zero emission vehicles, incentives to bolster clean energy manufacturing, and investments to support environmental equity and justice across Nevada.