Mark Pocan: “Global inflation caused by our reopening due to COVID-19 has caused increased prices in everything from gasoline to…”

“Global inflation caused by our reopening due to COVID-19 has caused increased prices in everything from gasoline to groceries to healthcare. Today, we put people over politics as we lessen the impact of global inflation on the American people via the Inflation Reduction Act. Among the many things it does, it addresses some of the drivers of higher energy costs while also investing in U.S.-based renewable energy that will make us more energy independent and less dirty. It finally allows us to negotiate lower prescription drug prices through volume purchasing via Medicare while capping out-of-pocket drug expenses for seniors to no more than $2,000 per year. We make these big investments by ensuring that corporations that have often gamed the system pay a minimal share of taxes and go after wealthy tax cheats who, all too often, have evaded their responsibilities. I will gladly vote for this bill today. It is time to stand up to Big Pharma and those energy companies making record profits while making our planet less safe, and it is important we make sure that corporations pay their fair share of taxes to reduce the burden on working families.”