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Dear Neighbor:

I’m writing to share the excellent news that President Joe Biden has signed into law the Inflation Reduction Act, historic legislation that protects our planet from the civilizational threat of climate change, lowers the price of life-saving drugs, and ensures access to affordable health care. The Inflation Reduction Act is a massive investment in our environmental and health policy infrastructure that moves us to a sustainable future for our grandchildren. It empowers Medicare for the first time to negotiate drug prices with pharmaceutical companies, ending a decades-long corporate giveaway while ensuring a freer and fairer market in drug prices. Crucially, the Inflation Reduction Act pays for itself by making billion-dollar corporations pay their fair share of taxes.

Along with the American Rescue Plan, the Bipartisan Infrastructure Law, the CHIPS Act to manufacture U.S. semiconductors, and the PACT Act providing health care to veterans who were exposed to burn-pits and toxic substances, the Inflation Reduction Act propels us toward a more equal society that’s well-equipped to handle the sweeping challenges of the twenty-first century.

I’ve worked for years to see the provisions in the Inflation Reduction Act turned into law—from the clean energy investments that will save families an average of $1,025 a year to capping the price of insulin at $35 per month for people on Medicare and capping out-of-pocket annual spending on prescription drugs at $2,000 for people on Medicare. I was proud to vote for this landmark legislation, and I look forward to Marylanders benefiting from its significant generational investments for decades to come.

I hope you’ll look at the detailed summary of the Inflation Reduction Act below. As always, I encourage all 8th District residents to connect with me on TwitterFacebook, and Instagram. If you need help with a federal agency and want to request my assistance, please complete the online request form here, and my District Office will be in touch.

All Best,

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Jamie Raskin

The Inflation Reduction Act

Lowering the Cost of Prescription Drugs

 

Extending Affordable Health Care Coverage

 

Largest Climate Investment in American History Will Cut Emissions and Help Families

 

Promoting American Energy Security and Domestic Manufacturing

 

Reducing Emissions to Protect the Planet and the Next Generation
Promoting Environmental Justice and Equity

Investment in our Farmers, Forestland Owners and Resilient Rural Communities

 

Making Giant Corporations and Billionaires Pay Their Fair Share

 

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