Dear john,
I know that inflation has impacted us hard, and far too many people are struggling to make ends meet. I voted for the Inflation Reduction Act which lowers costs from the gas pump to the pharmacy counter. And I am fighting to deliver tax credits that give relief to working families with children.
Cutting Health Insurance Premiums: Because of the American Rescue Plan and the Inflation Reduction Act, 38,000 people in Texas-28 have been able to afford health care coverage. The health insurance subsidies have reduced annual premiums by an average of $564.
Lower Drug Prices: 82,000 seniors in Texas-28 could pay less for prescription drugs because of the Inflation Reduction Act. Among other measures to lower costs, the law puts an annual $2,000 cap on seniors’ out-of-pocket drug costs and ensures that Medicare beneficiaries do not pay more than $35 per month for insulin.
Relief for Student Borrowers: Relief for student borrowers will save a typical young borrower in Texas-28 about $13,000 over the course of the loan thanks to lower monthly payments.
Among the many cost-reducing measures that I have helped champion are the Inflation Reduction Act, which lowers health care and energy costs for working families; the CHIPS and Science Act, which fixes our supply chains and makes more critical goods in America; and the Child Tax Credit, where we are still fighting to deliver a higher tax credit for working families with children.