Political Quotes

“Madam Speaker, I thank the gentleman for yielding the time. Madam Speaker, I rise today in full support of the Inflation Reduction Act. There are few days during a congressional career that feel truly historic. For me this is one of them. We have passed other historic legislation to help our economy overcome the pandemic, create jobs, repair and invest in our infrastructure, and bolster critical supply chains. Passage of the Inflation Reduction Act, however, will lead to the transformative change Democrats in Congress have been working with President Biden to achieve for the past year and a half. The Inflation Reduction Act will check inflation by reducing the deficit by $300 billion over the next decade. It achieves that by ensuring tax fairness that requires corporations to pay a minimum tax of 15 percent and protecting families making less than $400,000 a year from paying even one penny more in taxes. In addition, the Inflation Reduction Act will assist families by extending subsidies for the purchase of health insurance through the Affordable Care Act. Seniors on Medicare will benefit from the government's ability to negotiate prescription drug prices and by capping out-of-pocket drug costs at $2,000 per year. Having experienced my late wife's 30-year battle with diabetes, I am especially pleased this bill would cap insulin costs at $35 per month for those on Medicare.…”