AFSCME’s Saunders: The Inflation Reduction Act is ‘a historic step towards a better, more secure future for millions’

“The Inflation Reduction Act would be more than just a shot in the arm against rising costs; it would be a historic step towards a better, more secure future for millions of Americans. It’s nothing less than an economic game changer.

 

“This critical bill will finally allow Medicare to negotiate lower drug prices, meaning millions of families will no longer have to sacrifice groceries or rent for life-saving medicine. It means thousands of seniors will no longer be forced out of retirement to pay for their prescriptions. And the extension of Affordable Care Act subsidies means lower health insurance costs for 13 million Americans.

 

“Passing this bill will also help create a sustainable future by investing in new technologies to mitigate the impact of climate change. This will include creating thousands of jobs for energy projects right here in the United States and providing tax credits to encourage green investments. And this will all be paid for through a long-overdue increase in corporate taxes. All told, this sets a new standard that prioritizes working families and insists that billionaires and profitable corporations finally begin to pay their fair share if they want to do business here.

 

“The Inflation Reduction Act sets us on the right path forward, and now it’s time to finish the job. We call on first the Senate and then the House to pass the bill swiftly and without hesitation.”