White House: What They Are Saying - One Year Anniversary of the Inflation Reduction Act (Part 1 of 2) - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
August 18, 2023 Newswires
Share
Share
Post
Email

White House: What They Are Saying – One Year Anniversary of the Inflation Reduction Act (Part 1 of 2)

Targeted News Service (Press Releases)

WASHINGTON, Aug. 18 -- The White House issued the following news release on Aug. 17, 2023:

Yesterday, the Biden Administration celebrated the one-year anniversary of the Inflation Reduction Act (IRA) - a key piece of the President's Bidenomics agenda to grow the economy from the middle out and bottom up - which reduces costs for Americans, invests in America, makes the tax code fairer, and takes the most ambitious climate action in history. One year in, the Inflation Reduction Act is putting America on a path to achieve President Biden's goal of reducing emissions by 50-52% below 2005 levels by 2030, unleashing a clean energy and manufacturing boom, and already lowering energy and health care costs for millions of Americans.

The law has already created over 170,000 good-paying and union jobs in clean energy manufacturing, and it is projected to create more than 1.5 million additional jobs over the next decade according to estimates by outside groups. Four million seniors and other Medicare beneficiaries are benefitting from $35 insulin and 15 million Americans are saving $800 per year on health insurance premiums. The law also makes the wealthy pay their fair share by enabling the IRS to crack down on tax evasion by the wealthy and big corporations, and modernizes IRS technology to improve services and cut wait times for law-abiding taxpayers.

Leaders across sectors, at the national, state and local levels praised the historic progress made over the last year and the benefits still yet to come from the Inflation Reduction Act - made possible by the Biden-Harris Administration and Congressional Democrats, without a single Republican vote.

See what Congressional, state and local government officials, labor and union organizations, clean energy companies and manufacturers, climate, health care, and economy leaders are saying below:

Congressional Leaders

Senate Majority Leader Chuck Schumer: "It's a good morning. Because today, we're coming together to celebrate one year of the Inflation Reduction Act and how we delivered for Americans across this country!" [Tweet, 8/16/23]

Senate Democratic Whip Dick Durbin: "One year ago today, @POTUS signed the Inflation Reduction Act into law. @SenateDems fought tooth and nail for this historic legislation and for everyday Americans--to reduce costs for families, make the tax code fairer, and make the biggest climate action investment in history." [Tweet, 8/16/23]

Speaker Emerita Nancy Pelosi: "When President Biden affixed his signature to the #InflationReductionAct one year ago today, America not only made history - but we made progress on the most pressing challenge of our times. At a time when devastating disasters are wreaking havoc on communities across the country, the Inflation Reduction Act delivers $370 billion to combat the climate crisis - the biggest climate action in human history! Our investments will advance clean air and clean water, create millions of good-paying jobs, strengthen global security and honor our moral obligation to pass on a healthy planet to future generations. At the same time, families are feeling the impact at their kitchen table. Medicare will soon have the power to negotiate the price of prescription drugs. Seniors can now get insulin for just $35 a month. And fifteen million Americans are saving an average of $800 per year on health insurance through ACA exchanges. This historic progress was achieved without a single Republican vote. It is because of the vision of President Biden, the commitment of Congressional Democrats and the persistence of the outside mobilization that, today, we celebrate this monumental legislative achievement." [Tweet, 8/16/23]

Chair of the House Democratic Caucus, Pete Aguilar: "One year ago, @HouseDemocrats passed the Inflation Reduction Act to lower health care costs for families, which included: - Lower prescription drug costs - Lower health care costs - $35/month cap on insulin The landmark Inflation Reduction Act also created 170,000 high-paying, high-quality jobs to help get Americans back to work and continue building our middle class. That's not all, the Inflation Reduction Act is the largest investment in climate action, in our history. @HouseDemocrats are committed to building climate resilient communities to ensuring our loved ones are safe during increasingly severe climate disasters. In its first year, the Inflation Reduction Act has already delivered tangible, life-changing improvements for Americans. And we won't stop here. @HouseDemocrats will continue to push for measures that lower costs, create jobs, and put people over politics." [Tweet, 8/16/23]

Assistant Democratic Leader Jim Clyburn: "Today marks one year since @POTUS signed the Inflation Reduction Act into law -- historic legislation to lower kitchen table costs, reduce prescription drug prices, shrink the deficit, and tackle climate change. That's Bidenomics at work." [Tweet, 8/16/23]

House Democratic Whip Katherine Clark: "One year ago, President Biden and Congressional Democrats enacted the Inflation Reduction Act to make good on our promise of progress and prosperity for everyday Americans -- and we are proud to see that it is already delivering. In just its first year, the Inflation Reduction Act has slashed the cost of insulin to $35 per month for seniors and secured affordable health coverage for nearly 15 million Americans -- saving them an average of $800 a year. It has spurred over $270 billion in private sector investments, creating more than 170,000 good-paying, green jobs in 44 states. And it has injected fairness into our tax system, ensuring billionaires and wealthy corporations pay their fair share -- all while paving our path toward a carbon-free, climate-resilient future. Democrats know the best way to grow America's economy is by growing the middle class. Through the Inflation Reduction Act, we are cutting costs and building the stronger, safer, more sustainable future that Americans deserve." [Statement, 8/16/23]

Chair, Senate Agriculture, Nutrition and Forestry Committee, Michigan Senator Debbie Stabenow: "One year ago, @POTUS signed the Inflation Reduction Act--the single largest investment in tackling the climate crisis in American history. We have spurred billions in private investment and created thousands of new high-paying jobs. Step by step, we are growing the middle class!" [Tweet, 8/16/23]

Chair, Senate Appropriations Committee, Washington Senator Patty Murray: "Today marks one year since @POTUS signed Democrats' Inflation Reduction Act into law--and it's already working to lower families' costs, address the climate crisis, and build a stronger clean energy economy. These are the kind of results I'll keep working to deliver for WA state." [Tweet, 8/16/23]

Chair, Senate Armed Services Committee, Rhode Island Senator Jack Reed: "One year since historic #InflationReductionAct became law, it's making real progress: lowering health costs, protecting the planet & energizing our economy. Together, we must keep the progress and climate action going & ensure our economy works for all Americans." [Tweet, 8/16/23]

Chair, Senate Banking, Housing and Urban Affairs Committee, Ohio Senator Sherrod Brown: "A year ago we took on the most powerful special interests to lower drug prices, cut energy costs, & create good-paying Ohio jobs. The Inflation Reduction Act is saving older Ohioans money at the pharmacy counter and setting Ohio up to lead the manufacturing of the future." [Tweet, 8/16/23]

Chair, Senate Budget Committee, Rhode Island Senator Sheldon Whitehouse: "It's been a year since Democrats passed the Inflation Reduction Act -- the most sweeping climate legislation in history. We must continue to build on that momentum, expand the clean energy economy, and work to reduce emissions." [Tweet, 8/16/23]

Chair, Senate Environmental and Public Works Committee, Delaware Senator Tom Carper: "Happy birthday to the Inflation Reduction Act! In one year, the IRA has helped lower costs, create jobs, and drive historic investments in clean energy and climate action. And we're just getting started." [Tweet, 8/16/23]

Chair, Senate Foreign Relations Committee, New Jersey Senator Bob Menendez: "A year ago today, President Biden signed the Inflation Reduction Act into law. This historic legislation, which I was proud to support, was designed to lower costs, grow the middle class, and invest in our nation's green energy future - and it is delivering on its promise. Facing the impacts of rising inflation and the growing climate crisis, Democrats acted with urgency for the American people. We passed the Inflation Reduction Act to spur a clean energy boom, lower the cost of health care and prescription drugs - including a new out-of-pocket spending cap as well as a smoothing provision I authored to limit expenses for seniors - and capping the cost of insulin for Medicare recipients." [Statement, 8/16/23]

Chair, Senate Homeland Security and Governmental Affairs Committee, Michigan Senator Gary Peters: "I was proud to help pass the Inflation Reduction Act, and in the first year of this historic law it's clear this legislation is lowering costs and making important investments for Michigan families and our economy. This law is capping insulin at $35 a month for seniors on Medicare, reducing prescription drug costs and energy costs for families, accelerating the transition to clean energy and tackling climate change - all while creating jobs, incentivizing domestic manufacturing and strengthening supply chains." [Statement, 8/16/23]

Chair, Senate Small Business and Entrepreneurship Committee, Maryland Senator Ben Cardin: "What a year it has been under the #InflationReductionAct. This generation-defining legislation has been transformative for almost every sector of American life. Capped insulin at $35 under Medicare - Invested billions in clean energy - Created hundreds of thousands of jobs" [Tweet, 8/16/23]

Chair, Senate Veteran's Affairs Committee, Montana Senator Jon Tester: "A year ago today, we passed the Inflation Reduction Act to: - Pay down the debt - Slash prescription drug prices - Cap health care costs - Invest in American energy - And protect our climate ALL without raising taxes on Montanans, but by holding corporations accountable. Montanans from all across our state told me about the need to lower costs, and I fought to make sure the Inflation Reduction Act did just that. But whether it's high housing prices, child care costs, or grocery bills, I'll keep working to cut costs across the board." [Tweet, 8/16/23]

Ranking Member, House Appropriations Committee, Connecticut Congresswoman Rosa DeLauro: "The #InflationReductionAct made important strides toward lowering the cost of health care, tackling the climate crisis, and reining in corporate greed while reducing inflation and growing the economy. One year later, Democrats continue to fight for working families." [Tweet, 8/16/23]

Ranking Member, House Budget Committee, Pennsylvania Congressman Brendan Boyle: "One year ago today, President Biden signed the Inflation Reduction Act into law. Now, thousands of people here in Philly -- and millions more across America -- are saving hundreds of dollars every year on their health insurance." [Tweet, 8/16/23]

Ranking Member, House Energy and Commerce Committee, New Jersey Congressman Frank Pallone: "One year ago, I stood beside President Biden as he signed one of the most consequential pieces of legislation in decades into law. The Inflation Reduction Act is delivering for the American people, and it will continue to do so for years to come. The law is making prescription drugs and health care more affordable for millions of American families. Already this year, seniors are paying less for lifesaving insulin as the law caps the cost at $35 per month. Now, pharmaceutical companies have followed suit and are lowering the cost of insulin for more Americans, something that simply would not have happened without the passage of this law. Drug companies are also being forced to pay penalties when they raise prices above the rate of inflation, which has resulted in seniors receiving discounts on 43 drugs so far this year. And next month, the Department of Health and Human Services will announce the first 10 drugs it plans to negotiate lower prices on so seniors are no longer paying outrageously high prices. It is also dramatically lowering the cost of monthly health insurance premiums for millions of Americans, with four in five customers able to find health care coverage for $10 or less per month on HealthCare.gov. The Inflation Reduction Act is the single-largest investment in climate action in American history, already growing our economy with more than 170,000 new, good-paying clean energy jobs right here at." [Statement, 8/16/23]

Ranking Member, House Foreign Affairs Committee, New York Congressman Gregory Meeks: "A year ago today, Democrats delivered the landmark Inflation Reduction Act. We took action to lower health and energy costs for families, deliver the largest climate investment in U.S. history, and build an economy that works for working Americans." [Tweet, 8/16/23]

Ranking Member, House Natural Resources Committee, Arizona Congressman Raul Grijalva: "Today marks the one-year anniversary of the passage of the #InflationReductionAct. Thanks to @HouseDemocrats & @POTUS , we have made historic investments to lower costs, #ActOnClimate, grow our economy & build an America that works for everyone. This is just the beginning." [Tweet, 8/16/23]

Ranking Member, House Oversight and Accountability Committee, Maryland Congressman Jamie Raskin: "One year ago, President Biden signed into law the #InflationReductionAct--a generational investment in cutting health care prices and, at the same time, the biggest climate investment in history." [Tweet, 8/16/23]

Ranking Member, House Transportation and Infrastructure Committee, Washington Congressman Rick Larsen: "One year later, the Inflation Reduction Act is doing exactly what it set out to do: creating jobs, lowering costs for individuals and families, advancing green infrastructure investments, and accelerating the clean energy economy of the future. The IRA is also helping lay the groundwork for a greener aviation sector by investing millions in sustainable aviation fuel infrastructure projects and low emission aviation technology. The House-passed Federal Aviation Administration reauthorization builds on the IRA's progress with major investments to reduce emissions, accelerate the transition to alternative fuels, grow and diversify our workforce, and, for the first time, support airport resiliency projects. Through legislation like this, House Democrats continue to improve the quality of life for all Americans by building the economy from the middle out and the bottom up." [Statement, 8/16/23]

Ranking Member, House Veteran's Affairs Committee, California Congressman Mark Takano: "One year ago today, President Biden signed the #InflationReductionAct - the single largest climate and clean energy investment in American history. I am proud to have supported this legislation which will provide cleaner, cheaper energy for all Americans." [Tweet, 8/16/23]

Ranking Member, House Ways and Means Committee, Massachusetts Congressman Richard Neal: "With the Inflation Reduction Act, Democrats set our nation on a healthier, fairer, and more prosperous path. We lowered energy and health costs, unleashed a clean energy boom, and already created over 170,000 good-paying jobs. [...] From capping the cost of insulin for seniors to unlocking a new era of service at the IRS or spurring the single largest federal investment in climate action, the IRA is chock-full of wins for the American people. Ways and Means Democrats proudly led on so much of this landmark law--saving families an average of $2400 on their health premiums, allowing Medicare to negotiate drug prices for the first time, and driving historic manufacturing and energy investments--and responsibly funded it by holding the wealthiest corporations accountable for their fair share." [Statement, 8/16/23]

Arizona Senator Mark Kelly: "A year ago, the Inflation Reduction Act became law. Since then, we've seen major investments in the development, manufacturing, and deployment of renewable energy, including in Arizona. From bolstering our economy to creating good-paying jobs, we're doing what we set out to do." [Tweet, 8/16/23]

California Senator Alex Padilla: "One year ago today the Inflation Reduction Act was signed into Law. This transformative legislation cut prescription drug prices for millions of Americans and made the largest investment to combat the climate crisis in history, all while also lowering costs for working families." [Tweet, 8/16/23]

Colorado Senator Michael Bennet: "It's been a year since we passed the #InflationReductionAct and it's already lowering costs for Coloradans, creating jobs & spurring clean energy investments. It's great to see America finally invest in America again." [Tweet, 8/16/23]

Delaware Senator Chris Coons: "The Inflation Reduction Act, signed into law one year ago today, is a big deal for Delaware, helping to cut health care costs, fight climate change, and much more." [Tweet, 8/16/23]

Illinois Senator Tammy Duckworth: "One year after @POTUS and Congressional Democrats enacted the Inflation Reduction Act, all have benefited from: --Lower Rx costs --$35/month cap on Medicare insulin costs --Boosts in manufacturing and clean energy --A fairer tax code --Investments in climate action --JOBS, JOBS, JOBS" [Tweet, 8/16/23]

Maryland Senator Chris Van Hollen: "This is a BIG DEAL. One year ago, the historic Inflation Reduction Act was signed into law. It's already changing lives by lowering health care costs & boosting clean energy. I'll keep fighting to further this progress for Marylanders & all Americans. Happy Birthday, IRA!" [Tweet, 8/16/23]

Massachusetts Senator Elizabeth Warren: "One year ago today, President Biden signed the Inflation Reduction Act--lowering prescription drug costs, fighting climate change, taxing giant corporations, and showing that we can make our government work for working people, not just powerful special interests." [Tweet, 8/16/23]

Massachusetts Senator Ed Markey: "One year ago today, @POTUS signed the Inflation Reduction Act-- the largest climate bill in our nation's history--into law. And every day since, the IRA has turned words into action to finally address the climate crisis. From the Greenhouse Gas Reduction Fund to air quality monitoring and environmental justice, this historic legislation is breaking new ground in our communities every day. Even as we face record-breaking heat and extreme weather disasters--I have never had more hope for our future. Because the IRA gives us proof that when we come together and we fight for what we believe in--we win. And we are going to keep fighting. Thank you to the movement that got us here. And thank you to the young people showing up every day to build a just and livable future for all. For climate justice. For health justice. For racial justice. We will win." [Tweet, 8/16/23]

Minnesota Senator Tina Smith: "The first thing I thought of when this bill was signed was my grandkids. The Inflation Reduction Act is our biggest investment in combatting the climate crisis. They're still too young to understand, but I wanted to tell them their "Tita" is fighting for their futures every day. This bill wasn't just about combatting the climate crisis. It was about making sure seniors can get their insulin, the rich and powerful pay their fair share and Big Pharma stops getting a blank check. It was the birth of Bidenomics - and we're not done yet." [Tweet, 8/16/23]

Nevada Senator Jacky Rosen: "Thanks to the Inflation Reduction Act that I proudly helped pass, we're helping lower prescription drug costs for Nevada seniors and creating thousands of good-paying clean energy jobs in our state. I recently visited a solar manufacturing company in Las Vegas to see firsthand how this historic legislation is helping bring jobs back to Nevada from countries like China. I'll keep working to continue lowering costs and creating good-paying jobs for hardworking Nevada families." [Statement, 8/16/23]

New Hampshire Senator Maggie Hassan: "One year ago today, the Inflation Reduction Act was signed into law. We took on Big Pharma to cap insulin prices for seniors to $35/month and lower the cost of health care and prescription drugs. Proud to have supported this jumpstart to a stronger economic future." [Tweet, 8/16/23]New Hampshire Senator Jeanne Shaheen: "Thanks to leadership from Senate Democrats and @POTUS , today marks one year of the Inflation Reduction Act! This historic law is creating jobs and building a clean energy future. And, something I pushed hard for, we're finally lowering the price of insulin for those on Medicare. More work to do but proud to celebrate this achievement." [Tweet, 8/16/23]

New Jersey Senator Cory Booker: "Signed into law one year ago today, the Inflation Reduction Act was a landmark law that is lowering health care costs, tackling the climate crisis, and investing in American manufacturing, all while not raising taxes on the middle class." [Tweet, 8/16/23]

New Mexico Senator Ben Ray Lujan: "One year since the historic Inflation Reduction Act, over 210 clean energy projects have been announced nationwide -- including in New Mexico. Clean energy will build a strong, resilient economy for generations to come." [Tweet, 8/16/23]

Pennsylvania Senator Bob Casey: "One year ago today, the Inflation Reduction Act became law. Since then, we've seen: 1) Lower prescription drug costs for seniors. 2) Reduced health care premiums for millions of America. 3) The creation of over 150,000 new clean energy jobs. Those are the results I'm committed to delivering more of for PA in the days ahead." [Tweet, 8/16/23]

Vermont Senator Peter Welch: "The passage of the Inflation Reduction Act was a win for Vermont families, our economy, and the green energy future-and one year later it's clear this law is delivering on its promises for our communities. We worked closely with the Biden Administration to include key Vermont priorities in this bill-including provisions to lower the cost of prescription drugs, expand access to home energy upgrades, and tackle climate change. And importantly, it will create good-paying jobs right here in Vermont. Making sure this law-and the transformative programs within it-get implemented quickly and fairly will be key. No person, and no community, should be left out." [Statement, 8/16/23]

Virginia Senator Tim Kaine: "It's been one year since we passed and @POTUS signed the Inflation Reduction Act. Thanks to this law, 36,461 Virginians on Medicare now pay no more than $35 per month for insulin. Some had been paying hundreds of dollars per month for the insulin they need. Major cost savings." [Tweet, 8/16/23]

Virginia Senator Mark Warner: "One year ago, the Inflation Reduction Act was signed into law! It focused on the issues that matter: cutting health care costs for seniors, protecting miners' benefits, lowering emissions, and slashing the deficit. Proud to have gotten it done for Virginians." [Tweet, 8/16/23]

Wisconsin Senator Tammy Baldwin: "The Inflation Reduction Act is making a real difference in the lives of Wisconsin's working families, and I am proud to have voted for it. Seniors across Wisconsin are saving hundreds of dollars a month on the cost of their prescription drugs because we took on big drug companies and capped the cost of insulin at $35 per month. Hundreds of thousands of Wisconsinites are saving on their monthly health care premiums. Wisconsin's economy is growing because we are seeing record investment in the renewable energy economy, creating family-supporting jobs, cutting pollution, and taking on the climate crisis. Big corporations are finally paying their fair share of taxes and we are cutting the deficit. I know we have more work to do to lower costs for families, but I am proud that our Inflation Reduction Act is delivering needed relief for working families and growing our Made in Wisconsin economy." [Statement, 8/16/23]

Alabama Congresswoman Terri Sewell: "Happy birthday to the #InflationReductionAct!! In the year since @POTUS signed this law, it has already driven down costs in Alabama, capped insulin prices, created a boom in clean energy jobs, and made the largest investment to fight climate change in history! #Bidenomics" [Tweet, 8/16/23]

Alaska Congresswoman Mary Peltola: "Happy first birthday to the #InflationReductionAct! Here are just a few ways we're making the federal dollars from the IRA work for Alaskans: -New jobs in renewable energy -Tax credits for vehicles and solar panels -New renewable energy projects -Funding for trails" [Tweet, 8/16/23]

California Congresswoman Sara Jacobs: "One year later and I'm still so proud to have passed the Inflation Reduction Act - the largest investment in climate action in history! This is a powerful reminder that we can get big things done and address inflation, lower prescription drug costs, and invest in clean energy." [Tweet, 8/16/23]

California Congressman Mike Levin: "One year ago, I was so proud to help pass the Inflation Reduction Act, historic legislation to lower prescription drug costs, combat the climate crisis, fight inflation, create jobs, and make the largest corporations pay their fair share. It's working!" [Tweet, 8/16/23]

California Congresswoman Nanette Barragan: "A year ago, @POTUS signed the #InflationReductionAct, the largest-ever investment in clean energy, passed by Democrats. We now have: - a clean energy boom - new jobs - lower energy costs & - less pollution across the US, especially for Latino communities & communities of color." [Tweet, 8/16/23]

California Congressman Mike Thompson: "One year ago, @POTUS signed the historic Inflation Reduction Act into law. This law is lowering Rx drug prices, investing in climate action, and boosting our economy through significant private investment. The Inflation Reduction Act is securing a bright future for our nation." [Tweet, 8/16/23]

Colorado Congressman Joe Neguse: "It's been 1 year since we signed the Inflation Reduction Act into law, marking the single largest investment in climate action in American history Since then, this law has delivered by lowering costs, defeating special interests, tackling climate issues, and growing the economy." [Tweet, 8/16/23]

Colorado Congresswoman Diana DeGette: "Today marks the 1 year anniversary of the Inflation Reduction Act & already, all across the country, we're seeing results. From taking on the climate crisis to lowering the cost of health care, this landmark legislation is making critical investments to move this country forward." [Tweet, 8/16/23]

Colorado Congresswoman Yadira Caraveo: "As a doctor, I've seen firsthand how much Colorado families have struggled with high drug costs. I'm glad to recognize the one year anniversary of the #InflationReductionAct, which has brought down costs and reduced the price of insulin for many of our parents and grandparents" [Tweet, 8/16/23]

Connecticut Congresswoman Jahana Hayes: "One year ago, we took a historic step to building a healthier, cleaner future. In #CT05, the Inflation Reduction Act has helped families by fighting inflation, lowering healthcare costs, fighting climate change, and reducing our carbon footprint." [Tweet, 8/16/23]

Delaware Congresswoman Lisa Blunt Rochester: "Today, we celebrate the one-year anniversary of @POTUS signing the Inflation Reduction Act into law, historic legislation that is growing the economy from the bottom up middle out by lowering health care, prescription drug, and energy costs all while creating good-paying jobs." [Tweet, 8/16/23]

Florida Congresswoman Kathy Castor: "One year ago, I stood next to @POTUS as he signed one of the most historic pieces of legislation for the American people into law. The #InflationReductionAct, a pillar of progress and pathway to a better future for our planet, health and pocketbooks is transforming our nation." [Tweet, 8/16/23]

Florida Congresswoman Debbie Wasserman Schultz: "For decades, wealthy corporations have been dodging their taxes. A year ago, Democrats delivered the #InflationReductionAct to help make sure they pay their fair share -- and we're using that money to lower health and other costs for American families." [Tweet, 8/16/23]

Georgia Congressman Hank Johnson: "One year ago, @POUTS signed the #InflationReductionAct into law. Democrats passed legislation to lower health care costs, cap prescription costs, and create clean energy jobs. The #InflationReductionAct has already provided significant investments in Georgia." [Tweet, 8/16/23]

Illinois Congressman Mike Quigley: "On the Inflation Reduction Act's 1-year anniversary, let's celebrate its incredible benefits for our communities and planet! Already, the affordable clean energy plan has spurred 170,000+ good new jobs, $278 billion in climate investments, and we're just getting started" [Tweet, 8/16/23]

Indiana Congressman Andre Carson: ". @POTUS is right - we have work left to do, but we're making monumental progress. It's been 1 year since the #InflationReductionAct was signed. We'll keep lowering costs, investing in the middle class, and making life better for everyday Americans." [Tweet, 8/16/23]

Kansas Congresswoman Sharice Davids: "I voted for this historic legislation to lower costs for families and businesses, and I saw today one example of how that has become reality in Kansas," said Davids. "As we celebrate its one-year anniversary, this law is lowering health care costs, growing the middle class with new clean energy and manufacturing jobs, and making the largest investment to fight climate change in our nation's history. I was proud to support it and will keep working to make life more affordable for Kansans." [Statement, 8/16/23]

Kentucky Congressman Morgan McGarvey: "One year ago, Democrats delivered the #InflationReductionAct to lower costs for hardworking American families -- from energy to health care. Now, we're working to continue that progress." [Tweet, 8/16/23]

Maine Congresswoman Chellie Pingree: "1 yr ago, President Biden signed the landmark #InflationReductionAct, ushering in historic climate+clean energy wins for the American people. It's no exaggeration to say the Inflation Reduction Act is the most significant climate legislation in US history" [Tweet, 8/16/23]

Maryland Congressman Steny Hoyer: "1 year ago, @TheDemocrats passed the #InflationReductionAct. Marylanders now see lower costs for health care, energy, and high-speed internet. Our state deserves leaders who put workers, families, and seniors first. I'm always proud to deliver for #MD05." [Tweet, 8/16/23]

Maryland Congressman John Sarbanes: "One year ago, Democrats delivered the #InflationReductionAct - the single largest investment in our nation's fight against climate change. Since then, we've created more than 170,000 clean energy and manufacturing jobs & made clean technologies more affordable and accessible." [Tweet, 8/16/23]

Michigan Congresswoman Haley Stevens: "One year ago today, Democrats worked hard to pass the #InflationReductionAct! A historic piece of legislation that has aided in clean energy, created jobs and most importantly reduced costs for American families. Through impactful legislation we can continue to grow our economy!" [Tweet, 8/16/23]

Michigan Congresswoman Debbie Dingell: "Honored to celebrate the #InflationReductionAct at the White House today. This landmark legislation has saved lives, helped foster a world-leading & record-breaking economic recovery, & positioned America for long-term growth, creating an economy that works for everyone." [Tweet, 8/16/23]

Minnesota Congresswoman Ilhan Omar: "Thanks to the #InflationReductionAct Minnesota has seen over $4.8 billion to tackle the much-needed repairs on: 661 bridges 4,986 + miles of highway This is a huge leap towards safer and smoother travels for all Minnesotans!" [Tweet, 8/16/23]

Missouri Congresswoman Cori Bush: "The #InflationReductionAct continues to deliver historic investments in climate action. This is a product of years of organizing from activists and frontline communities. Together, we'll keep pushing and keep organizing to deliver transformative climate investments." [Tweet, 8/16/23]

Nevada Congressman Steven Horsford: "1 year since the #InflationReductionAct, & the results speak for themselves: - Capped insulin costs - Lower Rx drug costs thanks to Medicare negotiating w/ Big Pharma - Lowest inflation in the last two years I'll continue to champion policies that prioritize Nevada families." [Tweet, 8/16/23]

New Hampshire Congressman Chris Pappas: "For the last year, the Inflation Reduction Act has been lowering costs for Granite State families and strengthening our economy. We're taking on Big Pharma to cap the cost of insulin at $35, moving us closer to energy independence, and creating more good-paying jobs." [Tweet, 8/16/23]

New Jersey Congressman Donald Payne: "In one year, the Inflation Reduction Act has already brought significant health and economic benefits to families and neighbors in our communities by lowering costs and removing barriers to care." [Tweet, 8/16/23]

New Jersey Congresswoman Mikie Sherrill: "One year later, the Inflation Reduction Act has continued to lower prices for NJ families! I'm proud to have helped pass this legislation to: - Cap the cost of prescription drugs like insulin - Reduce healthcare premiums - Invest in clean energy" [Tweet, 8/16/23]

New Jersey Congressman Rob Menendez: "A year ago, @POTUS signed the #InflationReductionAct, paving the way for 34K new jobs in the 8th, boosting our economy, addressing climate change w/ innovative solutions + cutting costs nationwide. The @HouseDemocrats agenda is for working families + we aren't stopping now." [Tweet, 8/16/23]

New Mexico Congresswoman Melanie Stansbury: "One year ago, we passed the Inflation Reduction Act to tackle rising prices and provide relief to American families. I'm proud to have voted YES. This bill makes the largest investment in climate change in our country's history *AND* will lower carbon emissions by 40% by 2030." [Tweet, 8/16/23]

New York Congresswoman Yvette Clarke: "It's been one year since Congress passed the most ambitious climate legislation in American history, the #InflationReductionAct. By investing in clean energy & creating millions of green jobs, we're creating a healthier and more prosperous future. #PeopleOverPolitics" [Tweet, 8/16/23]

New York Congressman Ritchie Torres: "Today, I'm celebrating one year since @HouseDemocrats helped deliver the landmark #InflationReductionAct, which continues to bring down healthcare costs, create clean energy jobs, and grow the middle class." [Tweet, 8/16/23]

New York Congresswoman Grace Meng: "The #InflationReducationAct boosted the middle class & lowered costs for families, all while investing in our future to combat the climate crisis. One year later, @HouseDemocrats are hard at work continuing to fight for historic change on behalf of America's working families." [Tweet, 8/16/23]

New York Congressman Paul Tonko: "One year since the Inflation Reduction Act passed, we have fought inflation, cut costs for consumers, and taken the most aggressive action in history to fight climate change. This historic legislation will continue to have a transformative impact in our Capital Region and beyond." [Tweet, 8/16/23]

North Carolina Congresswoman Deborah Ross: "One year ago today, the historic Inflation Reduction Act was signed into law. From implementing clean energy tax credits to capping the costs of insulin for Medicare recipients, the IRA has already been delivering for North Carolinians." [Tweet, 8/16/23]

North Carolina Congresswoman Kathy Manning: "One year ago today, @POTUS signed the #InflationReductionAct, bringing benefits to NC: - Health care premiums are lower, - The price of insulin is capped at $35/month for seniors on Medicare, and - Thousands of good-paying clean energy jobs are being created across the state." [Tweet, 8/16/23]

Ohio Congresswoman Joyce Beatty: "One year ago today, the historic #InflationReductionAct became the most impactful legislative accomplishment made on behalf of everyday Americans. I will never stop fighting to lower costs and grow the working families in Ohio." [Tweet, 8/16/23]

Oregon Congresswoman Andrea Salinas: "One year ago, @POTUS signed the #InflationReductionAct--the most significant legislation in history to tackle the climate crisis, lower costs for families, and strengthen American energy security. We're already seeing the impact of this law in Oregon." [Tweet, 8/16/23]

Pennsylvania Congresswoman Chrissy Houlahan: "One year ago today, @POTUS signed the IRA into law! This historic investment in clean energy production, healthcare, & working families has already boosted the production of American-made electric vehicles & capped Insulin prices at $35. And there's still so much more to come." [Tweet, 8/16/23]

Pennsylvania Congresswoman Susan Wild: "The Inflation Reduction Act is a huge win in the fight to lower health care and drug costs: capping insulin prices for seniors, lowering premium costs for families, empowering Medicare to negotiate drug prices. A year later, I'm keeping up the work to get your costs down." [Tweet, 8/16/23]

Pennsylvania Congressman Dwight Evans: "Democrats got it done for the American people with the signing of the #InflationReductionAct 1 year ago today. It caps insulin prices, allows Medicare to negotiate drug prices and brought forward the largest investment in clean energy in our country's history. Actions matter!" [Tweet, 8/16/23]

Texas Congressman Colin Allred: "One year ago, we passed the historic #InflationReductionAct. We took action to lower health care and energy costs, and deliver the largest climate investment in U.S. history - creating good jobs along the way. Let's build on this progress." [Tweet, 8/16/23]

Texas Congresswoman Jasmine Crockett: "One year after @POTUS signed the #InflationReductionAct, #TX30 is better off because of it. The numbers don't lie: - 2,400 @MedicareGov beneficiaries saving $410/year on insulin - $103,000,000 invested in @dartmedia - 48,000 households saving a combined $17,280,000 on internet" [Tweet, 8/16/23]

Texas Congresswoman Veronica Escobar: "Lower prescription drug costs - Lower health care costs - Lower energy costs One year ago, Democrats delivered the #InflationReductionAct to lower costs for American families -- and I'm working to continue that progress." [Tweet, 8/16/23]

Virginia Congresswoman Abigail Spanberger: "One year ago, the Inflation Reduction Act was signed into law to: - Lower drug prices for seniors - Prevent premium hikes for families - Penalize pharma companies that raise drug prices faster than the rate of inflation Today, this law is delivering for Virginians." [Tweet, 8/16/23]

Washington Congresswoman Suzan DelBene: "Happy 1st anniversary to the #InflationReductionAct! One year ago today, we made historic strides in delivering for the American people: - Capping insulin costs for seniors - Creating thousands of good-paying jobs - Lowering energy costs - Tackling the climate crisis" [Tweet, 8/16/23]

Washington Congressman Derek Kilmer: "One year ago, @HouseDemocrats passed the #InflationReductionAct to lower health care costs, cap prescription costs, and create clean energy jobs in Washington state and across the country." [Tweet, 8/16/23]

Washington Congresswoman Pramila Jayapal: "To mark 1 year of the #InflationReductionAct, let's recap what it delivers: * Lower prescription drug prices * $1,000/year in energy savings for families * 9M clean energy jobs * Corporate tax fairness This was - and is - a huge win for our communities, country, and planet." [Tweet, 8/16/23]

Wisconsin Congressman Mark Pocan: "The #InflationReductionAct is helping rebuild the middle class from the bottom up & the middle out. @POTUS and @HouseDemocrats are going to continue to make sure every community sees the benefits of this transformative legislation because #DemocratsDeliver." [Tweet, 8/16/23]

Wisconsin Congresswoman Gwen Moore: "One year in, the Inflation Reduction Act is delivering results! This vital legislation passed by President Biden and Democrats is on-shoring manufacturing and creating good-paying jobs, all while combatting the climate crisis." [Tweet, 8/16/23]

State and Local Government Officials

Governors

U.S. Climate Alliance Co-Chair Washington Governor Jay Inslee: "The Inflation Reduction Act is the most important federal action yet for super-charging state efforts to go further, faster in transitioning to clean energy. States are using these investments to create jobs and invest in communities. The IRA has helped put the United States back in the game in the global fight against climate change." [Statement, 8/16/23]

U.S. Climate Alliance Co-Chair Maine Governor Janet Mills: "The Inflation Reduction Act is a big, bold investment in a brighter future for America - one where our communities are healthier, costs are lower, air is cleaner, energy is greener, jobs are better, and the economy is stronger, Governors are uniquely positioned to deliver on this once-in-a-generation opportunity and we're moving full speed ahead." [Statement, 8/16/23]

Democratic Governors Association Chair New Jersey Governor Phil Murphy: "Thanks to President Biden's remarkable leadership, nearly 19 million Americans will save an estimated $400 per year on prescription drugs, and nearly four million seniors on Medicare have started to see their insulin costs capped at $35 per month. Through the IRA, President Biden made the single largest investment in tackling the climate crisis that the United States has ever seen, while simultaneously reducing the deficit and creating a manufacturing boom across America." [Statement, 8/16/23]

Colorado Governor Jared Polis: "We're very ambitious about our clean energy goals in Colorado, and we're able to get there because of the Inflation Reduction Act, We also asked ourselves how, as a state, can we leverage this, and augment this, and supplement this to make it even better for Colorado." [Statement, 8/16/23]

Connecticut Governor Ned Lamont: "Today marks 1 year since the #InflationReductionAct was signed into law, providing the largest investment in climate action in U.S. history! We're hard at work in CT securing funds, which will help the health of our residents and our economy, and help tackle the climate crisis." [Tweet, 8/16/23]

Maryland Governor Wes Moore: "Since the Inflation Reduction Act became law, Marylanders have seen inflation fall, energy and prescription drug costs drop, and a boom in clean energy jobs right here in Maryland. When we orient policies toward helping people, we can get big things done." [Tweet, 8/16/23]

Michigan Governor Gretchen Whitmer: It's been one year since President @JoeBiden signed the Inflation Reduction Act, and Michiganders have experienced the benefits. We've seen savings on utility bills, lower health care costs, and investments in our infrastructure. Let's keep getting it done! [Tweet, 8/16/23]

New York Governor Kathy Hochul: "From lowering costs to creating clean energy jobs, the Inflation Reduction Act has been a huge win for New Yorkers at a time when they need a break. With strong partners in @POTUS and our Democratic Congressional Delegation, we're building a more affordable, livable New York!" [Tweet, 8/16/23]

North Carolina Governor Roy Cooper: Today marks one year since @POTUS signed the Inflation Reduction Act into law. This historic investment is helping to support working families, lower prescription drug costs and combat climate change. [Tweet, 8/16/23]

Oregon Governor Tina Kotek: "The Biden Administration's #InflationReductionAct is a historic opportunity to propel climate action. On its 1 year anniversary, let's redouble our efforts to turn these investments into good jobs & a healthier future for everyone." [Tweet, 8/16/23]

Rhode Island Governor Dan McKee: "Today marks the 1st anniversary of @POTUS taking decisive action to combat rising costs and strengthen our economy by signing the Inflation Reduction Act. [Twitter Thread, 8/16/23]

Washington Governor Jay Inslee: Welcome back, @VP! We're honored to celebrate the one-year anniversary of the Inflation Reduction Act (IRA), one of the most historic and substantive federal actions energizing Washington state and the nation in the fight against climate change [Twitter Thread, 8/16/23]

Wisconsin Governor Tony Evers: "We don't have to choose between mitigating climate change and creating good-paying jobs and economic development--we can and must do both. With help from the Inflation Reduction Act, we are making real, meaningful progress on our goals for a clean energy economy." [Tweet, 8/16/23]

California Governor Gavin Newsom: "Thanks to the Inflation Reduction Act, $2.4 billion has been awarded to California so far to help us reach our ambitious climate goals. With the leadership of the White House, the U.S. is on its way to a historic clean energy boom, led by the Golden State." [Tweet, 8/16/23]

Mayors

Washington, DC Mayor Muriel Bowser: "We celebrate the one-year anniversary of this landmark piece of legislation at a critical moment - in the midst of a year when our city and country have faced extreme heat and back-to-back climate emergencies. We remain committed to working with the Biden-Harris Administration to invest in projects that tackle climate change and allow us to build a more resilient DC. As Secretary Granholm emphasized during her visit to the Florida Ave Baptist Church last year, we're not just focusing on upgrading government buildings for environmental efficiency, we are also partnering with local businesses, churches, and the community as a whole to guide the transition towards a greener future that benefits everyone." [Statement, 8/16/2023]

Columbus, OH Mayor Andrew Ginther: "Mayors have long been on the frontlines of the fight against climate change, leading the way for decades in efforts to curb emissions and invest in climate resilience while calling for strong federal action. Those calls were finally heard and answered with last year's passage of the Inflation Reduction Act. This historic climate bill will help local combat the effects of climate change and accelerate the nation's transition to a clean energy future -- a future that is built in America." [Statement, 8/16/2023]

Phoenix, AZ Mayor Kate Gallego: "Clean-energy jobs, a more secure water supply, and lower utility bills. These are just a few ways the Inflation Reduction Act is delivering for Phoenix families since it became law one year ago today. Thank you, @SenMarkKelly, for your work to get it across the finish line!" [Tweet, 8/16/23]

Cleveland, OH Mayor Justin M. Bibb: "Mayors have long led the charge on climate action, and last year, @POTUS provided the necessary funding to fuel cities like Cleveland's transformation from rust belt to green. Happy 1 year to the historic #InflationReductionAct!" [Tweet, 8/16/23]

Columbia, MO Mayor Barbara Buffaloe: Cities have long been leading the charge on climate action and last year @POTUS provided more tools for local governments to do more! Excited about the opportunities it opens up for #CoMoClimateAction and all @ClimateMayors. Happy 1 year to the #InflationReductionAct! [Tweet, 8/16/2023]

Kansas City, MO Mayor Quinton Lucas: Heading back to the @WhiteHouse today to recognize the one-year anniversary of the Inflation Reduction Act, bringing clean energy investments, lower costs, and good paying union jobs to Kansas City, surrounds, and our country. [Tweet, 8/16/2023]

Madison, WI Mayor Satya Rhodes-Conway: I joined @RepMarkPocan,@DaneCoJoe, and Wisconsin climate advocates on the WI Capitol steps today to celebrate the one-year anniversary of the #IRA, which has generated billions of dollars of investments to build the green economy and address the effects of climate change. [Tweet, 8/16/2023]

Tigard, OR Mayor Heidi Lueb: @POTUS has shown continued dedication to supporting of local #ClimateAction, and a year ago, he solidified this commitment with the passage of the $370B historic #InflationReductionAct! Happy year anniversary to this landmark bill! [Tweet, 8/16/2023]

State Legislators

Colorado State Representative Brittany Pettersen: "We know what's at stake with the climate crisis, especially here in Colorado, as you can feel the impacts of climate change everyday," "We have a lot more work to do, but I can go to sleep at night knowing these investments and these changes are happening now." [Statement, 8/16/23]

Delaware State Senator Sarah McBride: "One year ago, @POTUS signed the Inflation Reduction Act, marking the largest investment in combatting climate change in history. But there's still so much more to do both here at home and around the world. The world literally depends on us reaching net zero sooner rather than later. We can build off of the investments in the IRA to grow jobs, foster green technologies, end our reliance on fossil fuels, invest in renewables globally and, in so doing, save this planet." [Twitter Thread, 8/16/23]

Florida State Senator Lori Berman: "In a single year, the IRA spurred $110 billion in clean energy investments, created 170,000 new clean energy jobs, put us on track to reduce emissions by 1 billion tons, and has reduced healthcare costs for millions of Americans. WTH do Republicans stand for?" [Tweet, 8/16/23]

Maryland State Delegate Jazz Lewis: "Today, we mark one year since President Biden signed the Inflation Reduction Act into law. This landmark piece of legislation not only is helping us curb inflation but also fight climate change, economic injustice, and sky-high prescription drug costs. #InflationReductionAct [Tweet, 8/16/23]

Michigan State Representative Alabas Farhat: ""In my district in Dearborn and in Detroit, we've seen companies expand their footprint. I've had companies expand their operations so they can make more electric vehicle chargers. These companies are already taking full advantage of the Inflation Reduction Act, and we're seeing that we're seeing people buying these electric vehicles. So it's coming full circle in my district, at least. [CBS News, 8/15/23]

Continues with Part 2 of 2

* * *

Original text here: https://www.whitehouse.gov/briefing-room/statements-releases/2023/08/17/what-they-are-saying-one-year-anniversary-of-the-inflation-reduction-act/

Older

Thinking that you are a mind reader can be costly | H. Dennis Beaver

Newer

U.S. Attorney for the Eastern District of Missouri: Chiropractic Clinic Employees Sentenced for Disability Fraud

Advisor News

  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
  • Gen X and millennials seek new retirement model
  • Are families ready for the costs of aging at home?
More Advisor News

Annuity News

  • New class-action lawsuit targets Delaware Life over annuity disclosures
  • A client remarried: Does their annuity still fit?
  • Gen X and millennials seek new retirement model
  • Global Atlantic names Dan Farrelly head of IMO and IBD channels
  • A rising retirement challenge: The license to spend
More Annuity News

Health/Employee Benefits News

  • NABIP urges Congress to address underlying healthcare costs
  • Understanding health insurance: What fraud, waste, and abuse mean for your healthcare
  • Fairview sues UnitedHealthcare over 2027 Medicare plan info
  • Women can face challenges in obtaining LTCi
  • Health affordability task force considers utility model
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Life insurance applications rise 15.2% in September, MIB reports
  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • What ‘above and beyond’ means for today’s advisor
  • AM Best Maintains Stable Outlook on Indonesia’s Non-Life Insurance Segment
  • Owings Mills insurance agent pleads guilty to stealing more than $100,000 in life insurance commissions
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.