On the recordSeptember 22, 2022
Mr. President, we are now several weeks on from the passage of the Inflation Reduction Act. The IRA is transformational legislation that will improve the lives of millions and millions of Americans: more affordable prescription drugs, cheaper energy bills, the largest investment in the climate in history, a serious commitment to cracking down on tax cheats who rip off the American people for billions of dollars every year, and ensuring that corporations pay a fair share. I am proud to say that the vast majority of the Inflation Reduction Act came from the Finance Committee majority. It is no exaggeration to say that the team on the committee and in my personal office collectively spent thousands and thousands of hours developing these proposals, building support for them under zero margin for error, and guaranteeing that they would pass under challenging Senate rules. Senate Democrats spent more than a year debating what would go into this bill before it finally came together, but the staff of the Finance Committee began its work long before that. Some of the components of the IRA go back more than a decade. So before the Senate goes out in the coming days, I wanted to come down to the floor to thank my committee and personal office staff, as well as the brilliant teams at the Joint Committee on Tax, Congressional Budget Office, and legislative counsel who made this achievement possible.…
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