Democratic Whip Katherine Clark (MA-5) released the following statement in celebration of the one-year anniversary of the Democrats’ historic Inflation Reduction Act.
“One year ago, President Biden and Congressional Democrats enacted the Inflation Reduction Act to make good on our promise of progress and prosperity for everyday Americans — and we are proud to see that it is already delivering.
“In just its first year, the Inflation Reduction Act has slashed the cost of insulin to $35 per month for seniors and secured affordable health coverage for nearly 15 million Americans — saving them an average of $800 a year. It has spurred over $270 billion in private sector investments, creating more than 170,000 good-paying, green jobs in 44 states. And it has injected fairness into our tax system, ensuring billionaires and wealthy corporations pay their fair share — all while paving our path toward a carbon-free, climate-resilient future.
“Democrats know the best way to grow America’s economy is by growing the middle class. Through the Inflation Reduction Act, we are cutting costs and building the stronger, safer, more sustainable future that Americans deserve.”