Sen. Coons statement on Senate passage of the Inflation Reduction Act

WASHINGTON - U.S. Senator Chris Coons (D-Del.) released the following statement today after the Senate passed the Inflation Reduction Act:

"Americans will feel the benefits of the Inflation Reduction Act in every aspect of their lives - from their pocketbooks and medicine cabinets to the air they breathe. The Inflation Reduction Act will cap pharmacy copays for Medicare recipients, so seniors aren't bankrupted while filling their prescriptions. It makes the largest climate investment in our history, so future generations of Americans will have a livable planet to call home. It pays for these investments by finally ensuring that very profitable businesses and wealthy individuals pay more of their fair share, and it will be the largest deficit reduction bill in over a decade.

"Many Delawareans have pressed for cuts in prescription drug costs, health care costs and to bring down inflation. With this bill, we will make real progress in meeting these goals. I'd like to thank them, as well as Majority Leader Schumer, Senator Manchin, and the rest of my Democratic colleagues for their hard work, negotiation, and compromise that has produced this legislation. I urge our colleagues in the House to pass this bill quickly so that President Biden can sign it and continue lowering costs for American families."