Inflation Reduction Act

Aug. 12, 2022 | H.R. 5376

By making historic investments in domestic energy production and manufacturing, bringing down the cost of prescription drugs and expanding coverage under the Affordable Care Act, this bill offers our country a real chance to build a safer, healthier, and cleaner future. The Inflation Reduction Act will dramatically lower the cost of clean energy, positioning the U.S. to make deep carbon emission reductions, while preserving and creating millions of family supporting jobs, and manufacturing more critical technology here at home. The package also initiates major health care reforms by authorizing Medicare to tackle the skyrocketing cost of prescription drugs and preventing premium hikes for 13 million Americans covered under the Affordable Care Act. Finally, the bill provides much needed reform to our tax system, which has allowed the mega-rich and the biggest corporations to pay far too little for far too long. 

 

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