BREAKING! Moments ago, House Democrats passed the historic Inflation
Reduction Act which makes huge climate investments and brings down the
costs of prescription prices and health care. It's paid for by closing
loopholes so that billionaire corporations finally pay their minimum share
of income tax.

The Senate already passed it, and President Biden will soon sign it into
law!

With this, Democrats have maxed out what is possible in a Senate
controlled by Joe Manchin. To go further in 2023 and 2024 we must elect at
least two more Democratic Senators -- starting with Mandela Barnes in
Wisconsin and John Fetterman in Pennsylvania. We also must protect and
expand our House majority.

[ [link removed] ]Click here to donate $10 to 10 top campaigns that are key to expanding
our Senate and House majority, ending the filibuster, and passing an even
bolder agenda (no matter what Joe Manchin thinks). DONATE TO WIN IN 2022.

The New York Times reports that the law Dems passed today will:

"...pour more than $370 billion into climate and energy programs aimed at
helping the United States cut greenhouse gas emissions by an estimated 40
percent below 2005 levels by the end of the decade. It would also extend
for three years expanded subsidies under the Affordable Care Act, as well
as fulfill a long-held Democratic goal to lower the cost of prescription
drugs by allowing Medicare to directly negotiate prices and capping the
annual out-of-pocket cost for recipients at $2,000.

"The package would be financed largely by tax increases, including a new
tax on company stock buybacks and a 15 percent corporate minimum tax for
wealthy companies. Initial analyses of the legislation found that it could
reduce the nation’s deficit by as much as $300 billion over a decade."

Going forward from here, Democrats now have a historic opportunity in
November to change history for the better -- and in ways that Joe Manchin
has already shown he will block if he can, no matter what the cost to the
country.

With expanded majorities in Congress, we can protect abortion rights
nationwide, invest in even more domestic clean energy and fighting climate
change, put a stop to racist voter suppression and save our democracy,
lower more prescription drug prices, expand healthcare access further,
pass meaningful gun control legislation, fight for better wages and
conditions for workers, reinstate the child tax credit -- and so much
more.

But this will only happen if thousands of us do our part to MAKE IT
HAPPEN.

[ [link removed] ]Click here to donate $10 to 10 top campaigns that are key to expanding
our Senate and House majority, ending the filibuster, and passing an even
bolder agenda (no matter what Joe Manchin thinks). DONATE TO WIN IN 2022.

-- The PCCC Team ([ [link removed] ]@BoldProgressive)

 

 

 


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