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August 20, 2022

The Weekly Wrap-up

Week 33 (August 14)

This week, Congresswoman Carolyn Bourdeaux celebrated the more than $1 million she secured in FY2022 Community Project Funding with Forsyth County officials at the Forsyth County Chamber. The funds will go directly to the communities and organizations most vital in keeping our communities safe and healthy, including $235,000 for Forsyth County’s Crisis Intervention Team, $90,000 for Forsyth County’s Insight Program, and $750,000 for Forsyth County School District’s Spark! Igniting Learning, Birth and Beyond early childhood education program.

On Wednesday, President Biden signed the Inflation Reduction Act into law. This legislation includes significant savings for Georgians who purchase health insurance through Healthcare.gov and Medicare beneficiaries. It also includes a historic investment in clean energy technology and domestic manufacturing. The clean energy provisions include tax credits and rebates to help us make our homes, businesses, and vehicles more energy efficient and manufacturing incentives to produce more clean energy technologies in the United States — such as solar panels. This legislation is also fully paid for and actually provides almost $300 billion in deficit reduction

Congresswoman Bourdeaux also participated in several book drop-offs throughout the district, distributing more than $3,000 in new books to Gwinnett Public Schools. Summerour Middle School,  as seen here in Norcross, was just one of the locations. The Congresswoman met with school officials and students during her drop-off, including North Gwinnett Middle in Sugar Hill and White Oak Elementary in Buford. 

The Weekly Rundown

This week was Community Health Center Week, and Congresswoman Bourdeaux celebrated by visiting Georgia Highland Medical Services. The Congresswoman acknowledged how critical our health center is in protecting Georgians during this pandemic.

Congresswoman Bourdeaux received an award of recognition from the Georgia Primary Care Association for supporting community health centers.

Congresswoman Bourdeaux was glad to see the Inflation Reduction Act signed into law on Wednesday. It will reduce Medicare prescription drug costs and extend ACA subsidies for Georgians, invest in clean and renewable energy, and reduce the deficit.

On Wednesday, Congresswoman Bourdeaux met with her constituents during her Telephone Town Hall. Constituents were able to share their thoughts and concerns about District 7 and Washington, DC. Still have questions? Reach out to Congresswoman Bourdeaux.

Leaders in Forsyth joined the Congresswoman to celebrate  $1 million in funding for critical needs in the county. The funding will go towards crisis intervention, early childhood education, and support for at-risk youth. 

Congresswoman Bourdeaux delivered 203 children’s books totaling more than $3,000 to three Gwinnett Public Schools — Summerour Middle in Norcross, North Gwinnett Middle in Sugar Hill, and White Oak Elementary in Buford.

Georgia to Washington, DC

Congresswoman Bourdeaux and her staff are hard at work for the community. Here’s what her team is getting done for Georgia’s 7th Congressional District!

Upcoming Student Events! Next Saturday, August 27, Rep. Bourdeaux will host her annual Military Academy Day at the Georgia Justice and Administrative Center from 10:00 AM to Noon. Prospective students and parents can learn more about this event and RSVP here.

The Inflation Reduction Act was signed into law this week and contained numerous cost savings measures Georgians can take advantage of when modernizing their homes and vehicles, including:

—Electric Vehicle Tax Credits: The Inflation Reduction Act includes upfront discounts of up to $7,500 for new EVs and $4,000 for used EVs assembled in the United States. The Department of Energy has published a  list of 40 models that may qualify for this tax credit. Prospective buyers are advised to use this tool to determine if their model qualifies for this tax credit. Additional manufacture restrictions may apply, including limitations on the number of qualifying vehicles available each year.

—Energy Efficient Home Improvement Credit: The IRA includes tax credits to help homeowners improve their home’s energy efficiency. The Nonbusiness Energy Property credit, which is in effect now through the end of 2022, covers 10% or up to $500 of the costs of installing insulation, windows, doors, roofing, and other energy-saving improvements. Beginning January 1, 2023, the Energy Efficient Home Improvement Credit expands benefits for energy-saving improvements and will cover 30%, up to $1,200 annually, for energy-saving improvements. It also expands coverage for various improvements, including biomass stoves and boilers, electric panels, home energy audits, and individual credits for doors, windows, and skylights. The tax credit also includes savings for individuals whose income precludes them from taking advantage of rebates when purchasing heating pumps and water heaters.

—High-Efficiency Electric Home Rebate Program: This rebate program allows households making less than 150% of the local median income to receive up to $14,000 in rebates when purchasing energy-efficient appliances or upgrading their home’s energy efficiency. This includes an upfront rebate of up to $8,000 to install high-efficiency heating pumps, $4,000 for new electrical panels, $2,500 for upgrading home electrical wiring, and $1,600 for new insulation and sealing. A list of qualifying appliances is maintained by Energy Star and can be found here. These rebates are set to begin after December 31, 2022.

—Residential Clean Energy Credit: Formerly called the Residential Energy Efficient Property Credit, this credit helps homeowners cover the cost of installing solar, wind, and geothermal clean energy devices. Homeowners who install household energy collection technology before 2032 can receive a tax credit of 30% on the purchase and installation of the technology. 

—Small Business Tax Credits and Savings: Georgia is also home to 1.1 million small businesses eligible for tax credits to improve their energy efficiency. The Inflation Reduction Act expands the permanent 179D Tax Deduction by 260%, allowing companies to receive $5 per square foot when building new high-efficiency commercial or residential buildings over four stories or retrofitting older buildings. Small businesses also qualify for many of the tax credits listed above. We recommend reaching out to your tax advisor before making any investments. 

—Household Savings Calculator: If you are interested in upgrading your home’s energy efficiency but do not know where to start, the electrical modernization non-profit Rewiring American offers an easy-to-use calculator to help determine your household eligibility and cost savings potential. Check it out here.

The Inflation Reduction Act also includes health care savings for individuals and families who purchase insurance through Healthcare.gov. The bill expands the ACA premium subsidies that cap insurance premiums at 8.5% of income. You may qualify for substantial savings if you buy insurance on the exchange. Check Healthcare.gov to learn more.

Huge Medicare Savings: The Inflation Reduction Act contains substantial cost savings for Medicare recipients. The bill lowers the cost of key prescription drug prices, caps the price of insulin at $35 per month, and caps Medicare Part D recipients out of pocket prescription drug expenses at $2000. A study by the Kaiser Family Foundation outlines savings Medicare recipients can expect to receive over the next ten years.

Grant News! Three transit agencies, including MARTA, will receive $31 million in federal transit grants. The funding will go towards upgrading and integrating electric buses into circulation and supporting clean energy in the Metro Atlanta area.

Georgia Tech broke ground on Thursday to launch their new massive bioscience park. The final Science Square project will span five buildings and almost 2.5 million square feet of laboratory area.

This Week’s Votes

The House is currently in recess.

Catch Us In The News

What We’re Reading

Looking Ahead

Next week, Congresswoman Bourdeaux will join the White House Initiative Latino Economic Summit in Gwinnett County. Next Saturday, Rep. Bourdeaux will also host her annual Military Academy Day, where prospective students interested in attending an academy within the Armed Services can learn more about potential opportunities and enrollment. Interested? RSVP Here.

Stay tuned for more!