- Stand with Raul

Local congressman speaks about passage of Inflation Reduction Act

Rep. Raúl M. Grijalva (AZ-03) released the following statement following passage of the Inflation Reduction Act (IRA):

“Passage of the Inflation Reduction Act is a positive step forward for our nation, but leaves much to be desired. The IRA will lower the deficit, lower the cost of health care, lower energy costs all while enforcing the law against wealthy tax cheats who for too long have skirted the law in paying their fair share. Medicare will finally be able to negotiate the price of prescription drugs, prevent excessive price hikes, and cap out-of-pocket costs.

“This bill will begin our journey to renewable energy by extending renewable energy tax credits, providing incentives for energy storage, advanced technology, domestic manufacturing and modernizing our infrastructure. It will green our transportation sector and help make clean vehicles affordable. It will help reduce climate hazards for frontline communities that continue to bear the brunt of climate change.”

“While there’s much to be celebrated in this bill, I am disappointed that corporations making record profits at the expense of the American people will only pay a fraction of what they should. Most concerning, while this is the most historic climate bill in U.S. history, it is only a drop in the bucket of what we need to save our planet from calamity.”

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Source: Yuma Daily News – August 16, 2022
This is an excerpt. The full article can be found by clicking here.