Washington, D.C. – Senate Majority Leader Chuck Schumer (D-NY) today spoke on the Senate floor prior to making a motion to proceed to vote on the Inflation Reduction Act. This groundbreaking legislation will fight inflation, make drug prices more affordable, reduce costs, and make the largest investment in clean energy ever. Below are Senator Schumer’s remarks, which can also be viewed here:
You can find the text of the Inflation Reduction Act of 2022 HERE.
Transcript of Leader Schumer’s remarks ahead of the motion to proceed vote are below:
In a moment, I will move to proceed to the Inflation Reduction Act of 2022. The time has come for the Senate to begin debate on this historic piece of legislation.
The Inflation Reduction Act is a groundbreaking bill for the American people: for families struggling to pay the bills, for seniors struggling to pay for medications, for kids struggling with asthma. This bill is for them.
I thank all my colleagues who have dedicated their blood, sweat and tears towards shaping this outstanding legislation. This is one of the most comprehensive and impactful bills Congress has seen in decades: it will reduce inflation, it will lower prescription drug costs, it will fight climate change, it will close tax loopholes, and it will reduce—reduce—the deficit.
It will help every citizen in this country and make America a much better place.
The time is now to move forward with big, bold, package for the American people.
To fight inflation and make it easier for people to afford everything from trips to the doctor’s office to trips to the pharmacy.
To hold drug companies accountable and empower Medicare to negotiate the cost of prescription drugs.
To help families pay their utilities with the boldest clean energy package in American history.
To make sure that nurses and teachers and firefighters and middle class families don’t pay more in taxes than billion dollar corporations.
To reduce pollution, restore our coastlines, protect our forests, and deliver to our children and grandchildren the planet they deserve.
Again, the time is now to move forward with a big bold package for the American people. And again, this historic bill will reduce inflation, lower costs, fight climate change, and it’s time to move this nation forward.
Senate Democrats began this majority by promising to tackle the biggest challenges facing our country. The Inflation Reduction Act will make good on that promise and serve as the capstone to one of the most productive stretches the Senate has seen in a very long time. And in the end, it will be the American people who benefit from the work we do here and now.