[ [link removed] ]Katie Porter for Senate



Today marks one year since President Biden signed the Inflation Reduction
Act into law. That’s the landmark piece of legislation Democrats passed to
reduce inflation and invest in families, which included two of my
proposals to take on Big Oil and Big Pharma.

While some of this bill's provisions have already taken effect, others are
still to come. Here are a few highlights:

* Medicare will be legally allowed to negotiate drug prices, lowering
the cost of some of the most commonly used prescriptions.
* This bill will lower healthcare costs for millions of Americans by
capping Medicare prescription costs and bolstering Affordable Care Act
premiums.
* Historic new investments in clean energy are allowing us to lower
emissions by 40% by the year 2030.
* Corporations making $1 billion or more a year will be subject to a 15%
minimum tax, which will bring in an estimated $300 billion in new
revenue.
* The IRS has been better funded to hold ultra-wealthy tax-cheats
accountable.

This bill was an exciting and important step forward for our country. But
there’s still so much more to do to lower costs for families and build a
strong, stable, globally competitive economy. [ [link removed] ]I’m running for the U.S.
Senate to be a fierce advocate for working people so we can continue
building on legislation like this.



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Thanks for following along,

Katie Porter




 


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