Assembled leaders from americas Largest Companies and labor organizations. The united auto workers, the aflcio, theyre all here because they believe the Inflation Reduction Act meets the needs of working families now. Of what our economy needs now for stronger sustained Economic Growth in the years ahead. Let me tell you a few things about what this bill does. First, it will Lower Health Care costs are millions of americans who buy coverage from the Affordable Care act. Locking in the Health Care Premiums that saved 13 Million People an average of 800 a year. This comes on top of the news that we have the lowest percentage of americans that are uninsured than ever before in our history. Thanks to the Affordable Care act, as well as emergent rescue plan that i signed into law last Year American rescue plan that i signed into law last year say families in premiums. Inflation reduction act will also deliver on the promise washington has made for years. Give medicare the power to negotiate
To fight inflation and lower costs for american families. It will be the most important investment, not hyperbole, the most important investment weve ever made in our Energy Security and developing costsaving and jobcreating Clean Energy Solutions for the future. Its a big deal. Also for first time if a long time, begin to restore fairness to the tax code. By making the largest corporate nations largest corporations in america pay their fair share, without any new taxes on people making under 400,000 a year. Experts, even some experts who have criticized my administration in the past, agree that this bill, this bill will reduce Inflationary Pressures on the economy. This bill will in fact reduce Inflationary Pressure on the economy. Its a bill that will cut your cost of living and reduce inflation, lowers the deficit. It strengthens our economy for in the long run as well. This bill has support of climate leaders like former Vice President al gore who said the bill is long overdue in m
Good afternoon. Yesterday i spoke with both senator schumer and manchin and offered my support for stork agreement to fight inflation at lower cost for american families. It is called the Inflation Reduction Act of 2022. Some of you will see a lot of similarities between the buildn that Better Initiative not all of it we have moved a long way. Ill be going into detail in a minute. But simply put the bill will healthcare costs for millions of americans and it will be the most important investment, not hyperbole the most important investment we have ever made inner Energy Security and developing cost savings and job creating Clean Energy Solutions for the future. It is a big deal. Also for the first time in a long time, began to restore fairness by making the Largest Corporation in america pay their fair share without any new taxes people making under 40000 a year. Experts, even simple experts have criticized my menstruation in the past, agreed that this bill, this bill will reduce Infla
President biden yesterday i spoke with both senator schumer and manchin and offered my support for historic agreement to fight inflation and lower costs for american families. It will be the most important investment, not hyperbole, the most important investment weve ever made in our Energy Security and developing costsaving and jobcreating Clean Energy Solutions for the future. Its a big deal. Also for first time if a long time, begin to restore fairness to the tax code. By making the largest corporate nations largest corporations in america pay their fair share, without any new taxes on people making under 400,000 a year. Experts, even some experts who have criticized my administration in the past, agree that this bill, this bill will reduce Inflationary Pressures on the economy. This bill will in fact reduce Inflationary Pressure on the economy. Its a bill that will cut your cost of living and reduce inflation, lowers the deficit. It strengthens our economy for in the long run as we
Inflation hawks like former secretary, treasury, Larry Summers said quote, this bill is fighting inflation resent this bill is fighting inflation progressively. Theres like Center Elizabeth warren said, quote, this bill, this is a bill that truly is about fighting inflation, bringing down the cost for families and putting our country on a sounder economic foot. Heres how it works. First, the bill finding deliveries on a promise that washington has made for decades to the American People were given medicare recovery, medicare, the power to negotiate for law, Prescription Drug prices, which means singers and consumers will pay less for their Prescription Drugs. Medicare will save in the process about 290000000000. 00 and edition. It also changes circumstance for people on medicare by putting a cap of a maximum 2000 dollars year. Is there have to pay no more than 2000. 00 a year . No matter how many prescriptions they have for all the Prescription Drugs, which is especially important for