John Garamendi: “The historic Inflation Reduction Act lowers everyday costs Americans are struggling to afford by cutting the price of…”

“The historic Inflation Reduction Act lowers everyday costs Americans are struggling to afford by cutting the price of prescription drugs, by making the largest-ever investment in climate action, and by reducing inflation--all of this without raising taxes on middle-class Americans and also paying down the national debt. For too long, the price of lifesaving prescription drugs has bankrupted American families. No more. This bill caps out-of-pocket drug costs at $2,000 and allows Medicare finally to directly negotiate the price of drugs. Similarly, we must address the increasing costs Americans are bearing at the hands of climate change. This bill's $369 billion investment in climate action will unleash a renaissance in clean energy technology, creating millions of new, high-paying manufacturing jobs, and build the next generation of American energy and transportation. Madam Speaker, I support this legislation, and I call upon my colleagues, Democrats and Republicans, to pass this legislation.”