Chair of the House Appropriations Committee Rosa DeLauro (CT-03) today released a statement following Senate Leader Schumer and Senator Manchin announcing a breakthrough in negotiations on the reconciliation bill, the Inflation Reduction Act of 2022.
“After months of negotiations, I am glad that Senators Schumer and Manchin have come to an agreement on a reconciliation package that will reduce healthcare costs for Americans, tackle the climate crisis, drive down energy costs, and rein in corporate greed while reducing inflation. This package is welcome, and needed, as Americans face rising costs all around.
“This agreement will make prescription drugs cheaper by allowing Medicare to negotiate lower prices, and lower health insurance costs for 13 million Americans by an average of $800 a year. This agreement will ensure lower premiums for individuals and families buying health insurance coverage on the individual market. It will help secure our energy future by tackling the climate crisis and providing investments in energy projects that will lower costs and create thousands of new, well-paying jobs. And critically, it reins in corporate greed by requiring giant corporations to finally pay their fair share in taxes while honoring President Biden’s promise to not raise taxes on families making under $400,000 a year.
“Although the package does not include an extension of the expanded and improved monthly Child Tax Credit, which I helped secure as part of the American Rescue Plan, I will continue my advocacy to extend it in another legislative vehicle. However, working families are depending on us to provide solutions to the issues they face now. This legislation takes important steps to get us there.
“Americans have been waiting for action that helps reduce their costs – at the grocery store, at the pharmacy, and at the gas pump. With this legislation, we will deliver on policy that will make people’s lives better. I will work with my colleagues in the House and Senate to pass this legislation as soon as possible.”
Issues:
Jobs and the Economy
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