WASHINGTON, D.C. – U.S. Rep. Matt Cartwright (PA-08) released the following statement today after the Senate passed the Inflation Reduction Act:
“I applaud the Senate passage of the Inflation Reduction Act, which will lower the cost of prescription drugs, health insurance, and energy costs while fighting inflation, reducing the deficit, and making the wealthiest corporations finally pay their fair share.
This bill does not raise taxes on Americans earning under $400,000 a year. It will be funded by putting a stop to huge corporations escaping taxes and savings on prescription drugs paid through Medicare. Our senior citizens, those living on fixed incomes, and working families will all benefit from this legislation.
This is the action the American people have been waiting for. Now that the Senate has taken action, the House will return to pass this landmark legislation – delivering for families and communities across Northeast Pennsylvania and the nation.”