Rep. Demings on Inflation Reduction Act

Orlando, FL: Today, Rep. Val Demings (FL-10) announced that she would support the Inflation Reduction Act when it is voted on in the House of Representatives next week.Said Rep. Demings, "Experts and economists say that the Inflation Reduction Act will save Florida households thousands of dollars. This bill will reduce the cost of prescription drugs, make health insurance more affordable, cap out of pocket costs, reduce your energy bill, reduce the federal deficit, and bring down inflation. As the daughter of a maid and a janitor, every dollar mattered in our household, and I'll always fight to protect working families.

"This deal builds on work I did in the House to allow Medicare to negotiate down the cost of prescription drugs, and to bring down energy costs and create great new jobs by fighting climate change.

"Senate Republicans tried and failed to block this legislation because it takes on their biggest backers: prescription drug companies, fossil fuel companies, and billionaire tax cheats. I'm going to put Florida families first, and support policies to bring down costs for working people even if it cuts into the profit margins of these special interests. I'm proud to vote today to bring down costs for working Floridians."

The Inflation Reduction Act will:

The Inflation Reduction Act:

• Lowers the cost of health care by allowing Medicare to negotiate lower prices for prescription drugs and extending Affordable Care Act subsidies that benefit 13 million Americans
• Cuts energy costs and strengthens America's energy security, while combatting the climate crisis by reducing carbon pollution by 40 percent by 2030
• Reduces the federal deficit by closing loopholes to make big corporations pay their fair share and strengthening IRS enforcement so billionaires and big corporations cannot cheat on their taxes

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