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As the country edges closer to a possible economic default thanks to House Republican infighting and extremism, Congressman Scott Perry and other Freedom Caucus members are doing everything they can to stick it to working families, vowing to only support a plan to avoid default if it includes a repeal of the broadly popular Inflation Reduction Act.
As a reminder, the Inflation Reduction Act:
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Allows Medicare to negotiate drug prices and caps out-of-pocket spending for prescription drugs at $2,000 per year.
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Caps the price of insulin at $35 per month for people on Medicare.
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Lowers health care premiums by $800 per year for 13 million Americans covered under the Affordable Care Act.
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Is expected to reduce the deficit by more than $300 billion, which will help tackle inflation and lower costs for families.
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Takes the most aggressive action in history to combat the climate change crisis, reducing carbon emissions by roughly 40 percent by 2030.
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Lowers energy costs, increases cleaner production, strengthens our energy security, and creates hundreds of thousands of jobs manufacturing solar panels, wind turbines, and electric vehicles in America.
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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.
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Pays for itself.
In the 15 rounds of votes that McCarthy went through in order to become Speaker, he was forced to concede to nearly every single demand of the House Freedom Caucus. These default crisis demands are yet another reminder of the stronghold these far-right members have on the entire Republican party – and how unwilling anyone in the party is to stand up to them.
DCCC spokesperson Tommy Garcia:
“House Republicans are showing the American people that they are too extreme to lead. Only Republicans would threaten to hold our economy hostage while also fighting to raise the cost of medicine, cut hundreds of thousands of good paying jobs, and raise prices for everyday families. Any vulnerable Republican who embraces this extreme MAGA agenda will be held accountable.”
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