|
The House passed the Inflation Reduction Act, broadly popular legislation that will lower the cost of prescription drugs, health insurance, and everyday energy costs — all while reducing the deficit and carbon emissions, by making the wealthiest corporations finally pay their fair share.
Despite Americans supporting every component of this bill, Michelle Steel and Young Kim chose to play politics and voted against legislation that will benefit American families – while lying to the American public about what this bill actually does.
Here is what the Inflation Reduction Act does and what Steel and Kim voted to stop:
-
Allows Medicare to negotiate drug prices and caps out-of-pocket spending for prescription drugs at $2000 per year.
-
Lowers health care premiums by $800 per year for 13 million Americans covered under the Affordable Care Act.
-
Is expected to reduce the deficit by more than $300 billion, which will help tackle inflation and lower costs for families.
-
Takes the most aggressive action in history to combat the climate change crisis, reducing carbon emissions by roughly 40 percent by 2030.
-
Lowers energy costs, increases cleaner production, strengthens our energy security, and creates jobs manufacturing solar panels, wind turbines, and electric vehicles in America.
-
Establishes a minimum corporate tax so the wealthiest corporations finally pay their fair share and doesn’t raise taxes on those making under $400,000 a year.
-
Pays for itself.
Separately, these components are a win for Californians and together they are set to reduce inflation. If Steel and Kim had their way, none of this would be possible.
DCCC spokesperson Maddy Mundy:
“Michelle Steel and Young Kim chose politics and did nothing to help address challenges California families face. If Steel and Kim had their way, prescription drug prices and healthcare premiums would remain high, the deficit wouldn’t shrink, inflation would continue, and energy production would remain stagnant – all to the benefit of the country’s richest corporations and special interest groups. Voters see where Steel and Kim’s priorities lie and will send them packing this November.”
|
