On the recordAugust 12, 2022
Madam Speaker, I strongly support H.R. 5376, the Inflation Reduction Act of 2022. I am particularly pleased that the legislation before the House includes major provisions of my GREEN Act, including incentives for a vast array of clean and renewable energy sources. This legislation represents the most sweeping and ambitious climate policy ever to pass the Congress. It reduces our dependence on fossil fuels while accelerating the development of solar, wind, and other renewable energy sources. And it incentivizes individuals to limit greenhouse gas emissions from their homes, their businesses, and their vehicles. I am also extremely supportive of the health care provisions in this bill. Allowing Medicare to negotiate the price of prescription drugs has been a priority for Democrats in Congress for decades--and this bill not only ensures that seniors don't go broke paying for their medicines, but also saves taxpayers hundreds of billions of dollars. Given the negotiations of the past 18 months, this bill could not accommodate every single priority or proposal. And I am hopeful that my colleagues will work with me moving forward to ensure that the corporate minimum tax--a policy I support--does not inadvertently burden companies, like some in my district, who suffered severe net operating losses in previous years due to natural disaster. This bill is a tremendous step forward for our country.…





