Legislation tackles every little thing from local weather change to decreasing the out-of-pocket prescription drug price for Medicare sufferers to $2,000.
TEXAS, USA — Now that The House has handed an expansive well being care and local weather invoice, Democrats are loudly, confidently and proudly telling voters what the laws will do, from reducing the associated fee of pharmaceuticals, to incentivizing people and companies to sort out local weather change, to tax reform.
Congressman Al Green (D-Houston) spent most of the week in Washington D.C. upfront of the vote.
“Now, I don’t claim that this is a panacea that’s going to cure all of the problems in society right away. But the best time to plant a tree is 25 years ago. Well, we’ve got to plant this tree now. We can talk about how it doesn’t do everything at once. But 25 years from now, we’ll be grateful that we planted the tree,” Congressman Al Green mentioned on Inside Texas Politics.
Congressman Green joined all different Democrats passing the measure, which can also be referred to as the Inflation Reduction Act, 220 – 207. No Republicans voted for the invoice, which now heads to President Biden’s desk for his signature.
House Democrats handed a a lot bigger package deal in late 2021, to the tune of $2 trillion. But the Senate handed a extra restricted invoice final week, an estimated $740 billion package deal.
Democrats are additionally touting the measure’s historic effort to battle local weather change, $375 Billion over the following decade. It contains tax rebates for drivers to purchase Electric Vehicles, tax credit for people and firms to pursue clear power and carbon seize expertise and new charges on extra methane emissions.
Republicans argue the laws won’t cut back inflation, however will as an alternative add much more stress on customers as a result of of the invoice’s spending.
And the GOP efficiently eliminated a $35 cap on insulin for these with personal medical health insurance. That cap stays in place for these utilizing Medicare, nevertheless.
“Insulin can cost a lot more than $35. So, what we’re trying to do is make insurance affordable, and Medicare is a type of insurance, make it affordable,” mentioned Congressman Green. “And by making it affordable, we’ll be reducing the cost and that will help us with the inflation as it relates to an individual. It brings down your inflationary cost by reducing the cost of the prescription drugs.”
For full recap of what made it into the Inflation Reduction Act and the way it’s paid for, head right here.
story by The Texas Tribune Source link