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Axne talks about the Inflation Reduction Act

IARN — Solidly down party lines, the Inflation Reduction Act passed through both Chambers of Congress and went to President Biden’s desk, where he signed it earlier this week. While Republicans have labeled it as more “tax and spend”, Democrats are touting the bill’s investment in American innovation, while making billion-dollar companies pay their share of taxes to help upkeep the infrastructure to which they add wear and tear.

Iowa 3rd District Congresswoman Cindy Axne came by the IARN booth during the Iowa State Fair and talked about the legislation. First, she highlighted some of the pieces that will expand biofuels infrastructure that the industry was waiting for.

For more on this story visit the Iowa Agribusiness Radio Network.

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