Here’s what’s going on: Last weekend the U.S. Senate passed The Inflation Reduction Act of 2022–landmark legislation that will rein in Big Pharma’s price gouging, help millions of people keep their health insurance, tax mega-corporations, and lower carbon emissions. [1] This is a big, BIG deal! And it’s all because of you and your advocacy.
Now the House of Representatives is coming back from their August recess at the end of the week to vote on the bill. We need YOU to speak out and call on your member of Congress to vote YES on this historic piece of legislation that boosts our families, helps lower our health care costs, helps address the climate crisis, and makes our tax code more fair by finally making wealthy corporations pay their fair share
The proposed legislation will be a historic win for families and our future! It tackles some critical issues:
Making prescription drugs more affordable: The bill removes an unfair legal prohibition that has long prevented Medicare from negotiating lower drug prices which has driven them sky-high. It will also penalize drug companies that raise prices faster than the rate of inflation and place a cap on Medicare recipients’ out-of-pocket prescription drug costs at $2,000 each year. It’s estimated that the government will raise $300 billion by reining in drug prices.
Extending subsidies for people who buy their own insurance: The bill lowers health care premiums by extending financial assistance for ACA plans under the American Rescue plan for three years. It’s estimated that 9 million Americans would have been paying significantly higher premiums, and more than 3 million people would have become uninsured altogether, without this provision.
Making sure corporations pay their fair share: A 15% corporate profits minimum tax so wealthy corporations don’t get away with paying $0 in federal income taxes on billions of dollars in profits. It’s estimated that this tax will raise about $450 billion dollars and reduce the deficit.
Taking decisive action on the climate crisis: Invest $370 billion into energy and climate which would allow the U.S. to lower greenhouse gas emissions by 40%, an incredibly meaningful step in combating climate change.
When you click, you’ll automatically sign on to our letter that reads:
Dear Representative,
We urge you to vote YES on the Inflation Reduction Act of 2022. This legislation includes several provisions that will boost families and create a better future for our children. Specifically, we support the provisions that:
Lower drug prices by allowing Medicare to negotiate drug prices and cap out of pocket costs at $2,000 each year;
Extend the Marketplace subsidies that help people who buy their own health insurance get coverage;
Ensure mega-corporations start paying their fair share of taxes;
Invest in energy and climate provisions that will help us reduce greenhouse gas emissions by 40%.
We urge you to pass the Inflation Reduction Act immediately as you also keep working to build a care infrastructure and advance maternal health.
It’s taken years to get to this point. This is a really big deal but we also know there is a lot more we need to do together to make sure our children and families have a bright future. We are so grateful for the hundreds of thousands of actions our MomsRising members have taken to push this Congress to make big, monumental change—and we will keep fighting for families together, including for childcare, maternal health, home care, the Child Tax Credit, and paid family and medical leave, as well as closing the Medicaid gap and protecting immigrant families, who are critical to our care infrastructure and communities.
