Barbara Lee for Congress [[link removed]]
John, the House just voted to pass the Inflation Reduction Act.
This sweeping legislation contains transformative measures to address the climate crisis, reduce prescription drug prices, and make billionaire corporations pay their fair share. Here are the details:
*
Tackling
climate
change:
Our
bill
will
lead
to
a
40%
reduction
in
carbon
emissions
by
2030
through
rapidly
accelerating
the
adoption
of
renewable-energy
technologies
such
as
electric
vehicles,
heat
pumps,
and
solar
panels.
These
policies
will
reduce
energy
costs
for
consumers
and
create
millions
of
green
jobs.
*
Lowering
healthcare
costs:
This
legislation
expands
access
to
affordable
health
insurance
coverage
to
13
million
people
and
caps
seniors’
drug
costs.
And
for
the
first
time
ever,
Medicare
can
negotiate
drug
prices
to
help
lower
the
costs
of
prescription
drugs.
*
Making
sure
billionaire
corporations
pay
their
fair
share
of
taxes:
In
addition
to
imposing
a
15%
minimum
tax
on
corporations,
our
bill
will
tax
corporations
that
inflate
their
share
values
through
stock
buybacks.
And
we’re
investing
in
the
IRS
to
ensure
they
have
the
resources
to
go
after
large
corporations
that
evade
taxes.
This bill doesn’t contain everything I fought to include. And I’m outraged that Senate Republicans blocked a $35 cap on insulin — when 37 million Americans living with diabetes are paying more than 10 times the price of insulin compared to other similar high-income countries due to corporate price gouging.
But this is what progress looks like.
Progressives helped shape this bill, and I’m proud to be sending such an impactful legislative package to President Biden’s desk to be signed into law.
Democrats are delivering relief, creating a more equitable country, and ensuring a livable future for generations to come. This was all made possible thanks to the voters who sent Joe Biden to the White House and delivered Democratic majorities for both chambers of Congress.
We were elected with a bold mandate to lead. And like I said before, our job is not finished — from student debt cancellation to cannabis legalization to defunding forever wars, there is plenty of work ahead of us.
But together, I’m confident we will continue to make progress toward advancing our shared values.
In solidarity,
Barbara Lee
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Barbara Lee for Congress
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