WASHINGTON, D.C. – Today, Assistant Speaker of the U.S. House of Representatives Katherine Clark (MA-5) celebrated the House passage of the Inflation Reduction Act of 2022. The legislation lowers health care and energy costs for families by capping the out-of-pocket cost of prescription drugs through Medicare, reducing health insurance premiums, and creating new clean energy tax credits and incentives.
The Inflation Reduction Act is the largest investment in fighting climate change in Congressional history. It is fully paid for by ensuring that the very wealthiest Americans and corporations pay their fair share in taxes. The legislation will also reduce the deficit by more than $300 billion.
“Democrats are lowering costs for everyday Americans while rebuilding a stronger, greener economy,” said Assistant Speaker Clark. “Seniors won’t have to choose between putting food on the table and paying for lifesaving prescriptions. More families will be able to afford health care, and fewer Americans will be uninsured. Homes and cars will be cheaper and greener. This legislation is a game changer for working families and seniors, our planet, and our future, and I am thrilled that it’s on its way to President Biden’s desk.”
Footage of Assistant Speaker Clark speaking on the House floor about the Inflation Reduction Act today can be found HERE.
The Inflation Reduction Act of 2022 will:
Expand Accessibility and Affordability of Health Care
Tackle the Climate Crisis
Lower the Deficit