President Biden just signed the Inflation Reduction Act into law! SIGN our thank you note! SIGN NOW

Dear Friend,

Wow! Wow! WOOOOOOOW!

President Biden just signed the Inflation Reduction Act of 2022 into law delivering real change on health care, climate, and tax policy and it’s all thanks to YOU! 

We also want to thank the lawmakers that made this possible—the Democrats in Congress since not a single Republican voted for this bill {eyeroll}.

***Sign our thank you note to President Biden and the members of Congress who made all of this possible by voting for this bill!! 

The Inflation Reduction Act will deliver real change for our families, environment, and economy. Here’s what made it into the final bill:

• Making prescription drugs more affordable: The bill removes an unfair legal prohibition that has long prevented Medicare from negotiating lower drug prices which has driven them sky-high. It will also penalize drug companies that raise prices faster than the rate of inflation and place a cap on Medicare recipients’ out-of-pocket prescription drug costs at $2,000 each year. It’s estimated that the government will raise $300 billion by reining in drug prices. 

• Extending subsidies for people who buy their own insurance: The bill lowers health care premiums by extending financial assistance for ACA plans under the American Rescue plan for three years. It’s estimated that 9 million Americans would have been paying significantly higher premiums, and more than 3 million people would have become uninsured altogether, without this provision.

• Making sure corporations pay their fair share: A 15% corporate profits minimum tax so wealthy corporations don’t get away with paying $0 in federal income taxes on billions of dollars in profits. It’s estimated that this tax will raise about $450 billion dollars and reduce the deficit. 

• Taking decisive action on the climate crisis: Invest $370 billion into energy and climate which would allow the U.S. to lower greenhouse gas emissions by 40%, an incredibly meaningful step in combating climate change.

The bill passed both the Senate and the House of Representatives on a strict party line vote–not a single Republican voted to deliver this type of change for our families, environment and economy. But we do want to thank the leaders that did!—> SIGN our thank you note to President Biden and the members of Congress who voted for this bill!

So how did we get here? Because of YOU! From July 2021 - July 2022, our members took over 407,000 actions on health care and taxes, made thousands of calls to Congress, and shared hundreds of personal stories in support of advancing these issues. Your voice, you signing onto letters online, your stories made a BIG difference – and added up.

And we’re not done yet!! While this is a giant, massive moment, we also recognize  our work together still continues until we have national policies – like fair pay, paid family/medical leave, maternal health equity, monthly Child Tax Credit checks, and childcare – that truly support our children and families. We are so grateful for the hundreds of thousands of actions our MomsRising members have taken to push this Congress to make big, monumental change—and we will keep fighting for families together, including for affordable childcare, maternal health, home- and community-based services, the monthly Child Tax Credit checks, and paid family and medical leave, as well as closing the Medicaid gap and protecting immigrant families, who are critical to our care infrastructure and communities.

We want to say thank you to our elected leaders for passing these policies today–and, importantly, also thank you to YOU for never, ever giving up and knowing that when you use your voice you can create real change.

With you in this fight!

- The whole MomsRising.org/MamásConPoder Team

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