Tomorrow, I will vote for the Inflation Reduction Act and send it to President Biden for his signature. This bill will be a significant investment in our efforts to combat climate change, make health care more affordable, reduce the cost of living, and shrink the deficit.
These climate investments are what I am most excited about:
*
$369
billion
to
reduce
greenhouse
gas
emissions
by
40%
by
2030,
a
huge
step
toward
net-zero
carbon
emissions
by
2050.
*
Money
to
restore
and
preserve
coastal
habitats
around
Puget
Sound
and
other
coastlines.
*
Investments
in
electric
postal
service
vehicles.
*
Funds
to
reduce
air
pollution
in
Washington
ports.
In addition, under the Inflation Reduction Act:
*
Medicare
will
be
allowed
to
negotiate
prescription
drug
prices.
*
Starting
in
2025,
out-of-pocket
costs
for
prescription
drugs
will
be
capped
at
$2000
per
year
(and
insulin
at
$35/month)
for
seniors
on
Medicare.
*
A
minimum
tax
of
15%
for
billion-dollar
corporations
to
ensure
they
pay
their
fair
share
*
$300
billion
in
deficit
reduction.
This is what Democrats do — deliver for the American people.
We do not bury our heads in the sand and hope that problems will disappear on their own. Instead, we get to work and find solutions.
Whether you are a senior making the painful choice between food or prescriptions, or a working parent alarmed at what you are paying at the pump, the Inflation Reduction Act will lower your cost of living. Medicare will be newly empowered to negotiate prescription drug prices, and drug costs will be capped at $2000 a month for seniors on Medicare. Households are expected to see a drop in home heating prices and costs for all sorts of goods will drop as the price of oil comes down.
There is still much work to be done. Workers still need a raise, and we can do even more to combat climate change. If the MAGA Republicans take over Congress, then we can kiss all this progress goodbye.
That is why I am going all in this election to build a grassroots campaign and keep our momentum going. Chip in $14 now and join Team Larsen now. [[link removed]]
Rick
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