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Team,

President Biden just signed the Inflation Reduction Act into law, not long after Democrats in the Senate overcame hours of cynical GOP obstruction to pass this critical legislation.

This is a victory for Coloradans and for the American people over corporate special interests and the status quo. The bill will lower costs for families at the pharmacy, at the gas pump, and on their monthly energy bills and health insurance premiums. And now, we’re one step closer to energy independence and leading the fight against climate change.

Here’s what the IRA will do:

*
Lower
prescription
drug
and
health
care
costs
,
by
allowing
Medicare
to
negotiate
drug
prices
—
and
cap
prescription
drug
costs
for
seniors
at
$2,000
a
year.
Julie
from
Denver
told
me
that
her
dad
has
a
heart
condition,
and
he
pays
$6,000
a
month
for
medication
—
that’s
$72,000
a
year
for
something
he
needs
to
take
for
the
rest
of
his
life.
That’s
outrageous
and
ends
with
this
bill.
*
Build
a
fairer
tax
code
by
making
sure
the
200
biggest
corporations
that
report
over
$1
billion
in
profit
pay
their
fair
share.
Colorado
teachers,
firefighters
and
police
officers
shouldn’t
be
paying
more
in
taxes
than
Amazon.
It’s
no
wonder
most
Americans
think
our
tax
code
is
rigged.
This
comes
directly
from
a
bill
I
helped
write.
*
Make
a
historic
investment
in
climate
and
clean
energy
—
that
includes
funding
to
address
droughts
in
the
West
and
the
Colorado
River
Basin
and
restore
the
health
of
our
forests
and
prevent
wildfires.
It
will
boost
American
manufacturing
for
wind,
solar,
and
batteries
to
power
electric
vehicles
and
our
energy
grid.
When
you
put
it
all
together,
this
bill
will
put
us
on
track
to
reduce
emissions
by
40%
by
the
end
of
the
decade.

For decades, Washington’s economic agenda has been pretty simple: Let the big corporations do whatever they want and call it “freedom;” slash investments in working families, and cut taxes for the wealthiest individuals.

That left us with income inequality higher than any time since the 1920s and a country that charges families more for health care than most industrialized nations — where seniors are forced to cut their pills in half or skip their prescriptions. We’re left with a nation that is still shackled to a global fossil fuel market dictated by tyrants like Vladimir Putin, despite our abundant resources at home and the urgent threat of climate change.

Today, we've shown that government can deliver for working people, not just the wealthy and big corporations. I’m more hopeful than ever that we can leave Colorado and our country better for the next generation and build an economy that grows for everyone.

Sincerely,

Michael



P.S. Not a single GOP Senator voted for the Inflation Reduction Act , but thanks to supporters pitching in during critical moments, Democrats had the slim majority to pass this law. Now, I’m facing a tough re-election campaign, but with your help, I’ll continue fighting to protect our environment for generations to come. Pitch in $10 to fight back against GOP attack ads, win this race, and build on the wins I’ve secured for Colorado’s families. [[link removed]]

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PO Box 3078
Denver, CO 80201
United States

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