President Joe Biden speaks in Milwaukee on Oct. 8, 2024, to highlight his administration’s investments in removing lead pipes and announcing a new rule requiring their replacement in the U.S. by 2037. (Screenshot | Livestream from the White House)
Ahead of President Joe Biden’s planned farewell address Wednesday evening, the Democratic Party is drawing attention to the impact his policies have had during his four-year term in office.
“With an unemployment rate below 3% and infrastructure investments of more than $20 billion in Wisconsin, including repairing the Blatnik Bridge, President Biden and Vice President [Kamala] Harris delivered results for the people of Wisconsin,” outgoing Democratic National Committee Chairman Jaime Harrison said Tuesday. “The investment and commitment the Biden administration has made in Wisconsin will benefit the state for decades to come.”
The DNC credits Biden with a list of achievements, both economic and otherwise, and has adapted it for the Badger State.
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The state’s unemployment rate was 4.7% in January 2021, when Biden took the oath of office, and has since fallen to 2.9% in November, according to the St. Louis Federal Reserve reports.
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The U.S. Bureau of Labor Statistics numbers 186,800 jobs added in the past four years. The state lost 83,500 jobs during Donald Trump’s first term as president, following the jobs crash that began in early 2020 with the onset of the COVID-19 pandemic.
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The White House takes the honors for an estimated $8 billion investment that private companies have announced for clean energy and manufacturing in Wisconsin. The U.S. Department of Energy estimates that the Inflation Reduction Act of 2022 is responsible for this $4 billion in new, large-scale clean energy projects in the state by 2030.
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The administration has set the value of federal infrastructure investments in Wisconsin at $9.2 billionof $1 billion of which will upgrade and repair the Blatnik Bridge connecting Superior, Wisconsin, to its sister city Duluth, Minnesota.
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Federal investments in health care navigator services and the Inflation Reduction Act’s expansion of increased subsidies for health insurance premiums purchased through the Healthcare.gov health care marketplace under the Affordable Care Act have contributed to a register registration of 306,000 people to date – an increase of more than a third from the Registration 2020 of 195,000.
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According to the Department of Health and Human ServicesLimiting insulin prices to $35 per month for Medicare recipients, a new $2,000 cap on annual out-of-pocket Medicare prescription costs and Medicare’s new ability to negotiate prices for certain high-cost prescription drugs will cost more than 1 million Wisconsin seniors good ones come. For about 300,000 Medicare recipients in Wisconsin, cost savings on prescription drugs will average $475 per year, according to HHS projects. All these provisions are included in the Inflation Reduction Act.
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According to KFF, a nonpartisan health policy news and analysis organization, the American Rescue Plan, introduced in the first three months of Biden’s term, has allowed Wisconsin to expand Medicaid postpartum coverage to 12 months, compared to two months earlier.
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As a result of the administration’s efforts to alleviate student debt, the federal Department of Education has projected that more than $2.4 billion in student debt has been forgiven by 62,000 Wisconsinites.
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