Yesterday, President Biden signed into law Democrats’ Inflation Reduction Act, historic legislation that will cut costs for families, lower prescription drug prices for seniors, and reduce home energy bills—all by making sure corporations and the wealthy pay their fair share.
Instead of voting for this historic bill, every single Michigan Republican sided with Big Pharma and Big Oil instead of Michigan’s working families.
Here’s what Michigan’s leaders had to say about the legislation—that every single Michigan Republican voted against—and how it will make a huge impact in every corner of the state:
Gov. Gretchen Whitmer: “The Inflation Reduction Act lowers costs and creates jobs. I want to thank the leaders in Michigan’s congressional delegation who worked hard to get this done and build on our economic momentum. Let’s keep moving Michigan forward.”
Sen. Debbie Stabenow: “Price-gouging is taking a big chunk out of Americans’ wallets. This bill takes on Big Pharma to lower prescription drug costs for Americans. The over 2 million Michigan residents who rely on Medicare will see their prices drop because Medicare can finally negotiate with drug companies. The bill also takes on Big Oil to lower energy costs and tackle the climate crisis while creating good-paying jobs and ensuring we lead the clean energy future. And the great news is that this bill is fully paid for and reduces the deficit by making corporations pay taxes like everyone else.”
Sen. Gary Peters: “There’s no question we must do more to lower costs for Michigan and American families. The Inflation Reduction Act would do just that by helping fight inflation, reduce prescription drug and health care costs and address climate change. This legislation would reduce the deficit, while allowing us to make critical investments in domestic clean energy production and manufacturing. I’m also pleased it includes an electric vehicle tax credit, which is important for our economy, innovation and to consumers.”
Rep. Dan Kildee: ”The Inflation Reduction Act will reduce the national deficit by over $300 billion and it is fully paid for. How? By ensuring the biggest corporations and wealthiest Americans making over $400,000 a year pay their fair share in taxes.”
Rep. Debbie Dingell: “This bill is going to lower prescription drug and healthcare costs, lower energy costs and combat the Climate Crisis, and strengthen the enforcement of tax laws. We have gotten a lot of much needed work done.”
Hillary Scholten, Democratic candidate for MI-03: “I applaud Senate Dems for introducing & passing this momentous investment in clean energy & for tackling inflation head on. This bill will lower costs for working families across the country & improve the lives of all W Michiganders.”
Michigan AARP: “We thank President Biden for signing this historic legislation to provide relief to AARP’s members and all older Americans. This is one of the most important pocketbook issues for older Americans – across political aisles and across the country. We have made our voices loud and clear: drug prices are out of control, and enough is enough.”
Michigan League of Conservation Voters: “This legislation is a necessary jumpstart to our economic, technological, and cultural transition to a clean energy future. It’s the best tool we have to fight inflation and energy price volatility going forward.”