On Sunday, Senate Democrats voted to lower the cost of prescription drugs, health insurance, and energy, and reduce the deficit while finally making the wealthiest corporations pay their fair share.
I have to tell you that you played a big role in that vote. I cannot thank you enough for that.
Here’s what the bill passed in the Senate would do:
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Cap seniors’ out-of-pocket spending for prescription drugs at $2,000 per year. In addition, the bill locks in reduced health insurance premiums that save about 13 million Americans, covered under the Affordable Care Act, an average of $800 every year.
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Tackle inflation by lowering the deficit and lowering costs for regular families.
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Make the largest investment ever in combating the existential crisis of climate change -- creating jobs manufacturing solar panels, wind turbines, and electric vehicles in America with American workers. It will also lower families’ energy costs by hundreds of dollars each year.
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Pay for all this by establishing a minimum corporate tax so that our richest corporations start to pay their fair share. It does not raise taxes on those making under $400,000 a year -- not one cent.
The bottom line is I ran for president promising to make government work for working families again, and that is what this bill does. It’s no hyperbole: None of it would have been possible without supporters like you voting, volunteering, and chipping in whatever you could, when you could.
I’ll say it again: I’m so proud to have you on my side and on this team. I look forward to signing this bill into law -- and I hope you know that you played no small role in making it possible.
Thank you for being part of this,
Joe
Joseph R. Biden Jr.
President of the United States
