STATEMENT: INFLATION REDUCTION ACT IS A HISTORIC WIN TO BRING DOWN COSTS FOR FAMILIES

FOR IMMEDIATE RELEASE 
August 7, 2022

Contact: 
Jack Miller, Communications Director
[email protected]

STATEMENT: INFLATION REDUCTION ACT IS A HISTORIC WIN TO BRING DOWN COSTS FOR FAMILIES

Senate Passes Major Biden-Agenda Bill, Boosting Clean Energy, Lowering Prescription Drug Costs, Expanding Healthcare, and Fighting Inflation

WASHINGTON, D.C. — Today, The U.S. Senate passed the Inflation Reduction Act of 2022, a monumental piece of legislation that will lower costs for American families, combat inflation, and make historic investments in America’s energy future.

Invest in America senior adviser Zac Petkanas issued the following statement:

“After more than a year of negotiations, President Biden and Senate Democrats have made history once again. This bill is another historic victory for America’s future and will bring immediate relief for American families struggling with high costs.

“The Inflation Reduction Act of 2022 will make prescription drugs cheaper, it will make American energy cleaner and less expensive, it will lower health care costs, it will ensure the wealthiest Americans pay their fair share of taxes, and it will create thousands of jobs while not increasing taxes on middle class families by one cent.

“We applaud the Senate’s persistent work and urge the House to pass this bill as soon as possible. Americans have waited too long – and help is arriving.”

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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