Senator Nick Frentz Praises Biden Administration and Congressional Democrats for Passage of Inflation Reduction Act

Senator Nick Frentz (DFL-Mankato) hailed the passage of the Inflation Reduction Act on Friday, saying that the climate change, healthcare, and tax law will improve life for working families in Minnesota. 

“This is a big deal,” said Senator Frentz. “I’m thankful to President Biden and Congressional Democrats for passing this momentous bill that will reduce costs for Minnesotans, invest in decarbonization and a clean energy future, and improve healthcare access and affordability. I look forward to working with my colleagues to use this federal funding to accelerate Minnesota’s transition to a clean energy future.”

The Inflation Reduction Act is the largest federal investment in the fight against climate change and includes a total of $369 billion in energy security and climate change programs. The bill also increases health care access and affordability and will reduce the federal deficit. 

Highlights of the bill include: 

  • Investment Tax Credit/Production Tax Credit extension for new wind and solar projects, 10 years of tax credits for better home energy efficiency, and $7,500 EV tax credit for the purchase of new vehicles, and $4,000 for used.
  • $5.8 billion for industrial decarbonization administered through the Department of Energy’s new Office of Clean Energy Demonstrations and roughly $30 billion in targeted grant and loan programs for state and electric utilities to accelerate the transition to clean electricity.
  • More than $20 billion to support climate-smart agriculture practices and tax credits and grants to support domestic production of biofuels and build the infrastructure needed for sustainable aviation fuel.
Senator Nick Frentz
Nick Frentz represents Senate District 19, which includes portions of Blue Earth, Le Sueur, and Nicollet counties in the south central part of the state.

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