San Francisco — Speaker Nancy Pelosi issued this statement after the Senate passed the Inflation Reduction Act:
“Congratulations to Senate Democrats for the passage of the Inflation Reduction Act. This landmark legislation is a major step forward in Democrats’ fight to put People Over Politics: lowering kitchen table costs, reducing the cost of Americans’ health care, creating millions of good-paying jobs and addressing the climate crisis.
“Today is a victory for America’s families and for our planet. This landmark legislation, which includes key House Democratic proposals, will rein in health care costs for Americans across the country: extending Affordable Care Act subsidies and empowering Medicare to negotiate prescription drug prices. By defending America’s energy security and reducing carbon pollution by nearly 40 percent by the end of the decade, it will slash energy costs and help save the planet. This legislation will also fight inflation – including with an historic investment in paying down the deficit – while being fully paid for by making the largest corporations pay their fair share.
“The House will return and move swiftly to send this bill to the President’s desk — proudly building a healthier, cleaner, fairer future for all Americans.”
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