Skip to main content

tv   U.S. House of Representatives House Debate on Tax Health Care Climate...  CSPAN  August 12, 2022 9:02pm-10:16pm EDT

9:02 pm
economists support the inflation reduction act. on the other side, we have big phrma, corporate lobbyists, tax cheats and congressional republicans of the this debate is made clearer than ever, democrats are making life better for the american people while republicans just don't care. it is simple as it is harsh. this lemmings is important, historic and significant win for american families. i will be voting yes on the inflation reduction act and will be sending it to president biden's deskchusetts. mr. neal: i yield myself such time as i might consume. as we begin the proceeding here on the ways and means portion of the legislation, i want to begin by calling attention to the untimely and tragic loss of our colleague jackie walorski and members of her staff.
9:03 pm
she was a force on the committee as well as a member of ranking member input and was well regarded as a member of the committee, a real humanitarian. you couldn't miss her bright smile or booming laugh. she embodied what it meant to serve. when she called me mr. chairman loudly with a booming voice, i know she meant it. we are all lucky to have had her as a colleague and be able to call her a tend. families and loved ones of congresswoman walorski and her staff be in our thoughts and prayers, rest in peace. i rise in full support of the inflation reduction act. i look forward, as i have in the post to this -- moment. the words come from another son
9:04 pm
of massachusetts, mr. webster. and over the speaker's ross strum that adorns this marvelous institution which i love, the quote is simple, let us develop the resources of our land, call forth its powers, buildup its institutions and promote all its great interests and see whether in our day and generation may not perform something worthy to be remembered. the inflation reduction act is something worthy of being remembered. this is substantive and transformative legislation, a remind irto all, in a legislative life, we generally pursue perfection but accept the possible. part of that is what a we are marking this moment. this is a historic win for family pocketbooks and for the future of climate security and we fund these gains by ensuring
9:05 pm
large profitable companies pay their fair share, just like all members of the american family are asked to do. the inflation reduction act will lower costs for the first time. medicare will negotiate drug prices and a cap of what comes out of seniors' pockets for life-saving prescriptions. no more rationing or foregoing necessary medicines. we are, he tending the tax credit -- extending the tax credit enhancements through 20256789 let me give you a statistic that is compelling. 100% of the children in massachusetts have health insurance. 97% of the adults in massachusetts have health insurance. and it polls extraordinarily well in terms of its success ratios because we decided with labor, business, democrat and
9:06 pm
republican, to make it work and we did. these enhanced premium credits first enacted by the american rescue plan have made way for record low uninsured rates and have put hundreds of dollars back in the pockets of americans. this legislation will also make the largest investment in tackling climate change that our nation's ever witnessed. ever. the investments in clean energy, energy efficiency and clean manufacturing will generate $9 -- nine million good-paying jobs. these historic wins are achieved with sensible and responsible multiyear investments in the i.r.s. i have been a member of the ways and means committee, madam speaker, for 30 years. let me give our friends an interesting statistic about the american family. we have the highest voluntary compliance rate in the world. 86% of the american people pay their taxes.
9:07 pm
this idea that we're creating 87,000 armed representatives of the federal government to go out and harass the american people is nonsensical. retirements alone are going to require a substantive investment. the i.r.s. has fewer than 20,000 -- 20% of the employees that it once did. what's important to remember here is this. that we want to make sure, with this investment in the i.r.s., that we continue to have a high voluntary compliance rate. and also to invest in the necessary technology that will allow the modeling to make sure the compliance remains with us as well. these are historic investments and achievements and they also are going to continue our quest on the democratic side here for an element of tax fairness that will hold people at the very top as responsible as the other side likes to hold people who receive the eict tax credit in terms of
9:08 pm
their request for audits. we do this simply by asking the most powerful among us to pay their fair share. this is what a full and fair tax administration is about. the american people have been through an unthinkable hardship over the last 2 1/2 years, but they entrusted joe biden and congressional democrats to keep them safe and to rebuild our economy. so here's a fact. on march 11 of 2020, dr. fauci gave his warning. he warned us of what was coming. in april of 2020 america had lost 22 million jobs. here we are two years later and the biden administration, every job has been returned and there are 10.6 million jobs that go unanswered right now in the american economy. we've bounced back faster than we imagined. not only have all these jobs been returned, 51 straight days
9:09 pm
gasoline prices have fallen. that's an issue about supply and demand, by the way. it's about international events. including the russian invasion of ukraine, supplies across the world and chains. those chains that i just referenced, they have been shored up and retailers are starting to realistically address some speculation as it relates to price. democrats shouldn't be asked to do this alone. but we're being asked to do it today alone. we're going to hear a lot of washington talk from folks on the other side that want to address the politics of the situation rather than cap the cost of insulin for their constituents. they want to protect the pocketbooks of those who would raise prescription drug prices unnecessarily and cut costs for workers and their families, which we intend to do. you'll hear a lot of spin on this bill that's received a lot of endorsements. even from bipartisan former treasury secretary. but that's because the opponents
9:10 pm
are out of options. the inflation reduction act sets our nation on a healthier, fairer and more prosperous path. we've heard the calls of the american people and with the inflation reduction act, we continue to win this moment for them in its totality. i urge our colleagues to support this legislation and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: thank you. i want to join with chairman neal in expressing our heartbreak and sorrow in losing congresswoman jackie walorski, our colleague. as well as zach and emma. she's so proud of her team, walorski. the truth is, jackie lit up every room she was in. with her passion and her brilliance and just her friendship and warmness. there's no question she could do everything. she was all in on everything and
9:11 pm
worked hard to find common ground wherever she could. last week was a shocking week and a week to mourn. this week is a time to celebrate jackie, her legacy and her life. with that, sadly this massive senate bill drawn in secret, stuffed with government checks to the wealthy and favored interests, rushed through congress, is a hoax on the american people. it fails to reduce inflation, fails to reduce the budget deficit, and fails to reduce the world's temperature. who in their right mind raises taxes in a recession? the answer is, only president biden and his supporters in congress who bundled -- bungled this economic recovery, think this is a good idea. you remember them. they told you they would defeat covid, that inflation was a rich person's problem, that their $2 trillion spending spree last year would strengthen the economy. instead, what did their promises deliver? the worst inflation in 40 years.
9:12 pm
a recession. and crippling worker shored a -- shortages that continue to hammer main street businesses. to date we have a stringing economy -- shrinking economy, shrinking paychecks and a shrinking work force. families are skipping meals. running up credit card debt to pay for daily eacceptions. delaying -- essentials. delaying retirement and struggleling to afford gas just to drive to work. yet democrats today insist inflation doesn't even exist. they say it's zero. the truth is most americans have lost confidence in president biden's failed handling of the economy. by contrast, the majority of the jobs in the covid recovery came under president trump. and under republican leadership, paychecks grew twice as fast as prices. the economy was surging, not shrinking, like it is today. and 600,000 more americans were working than today under this unpopular white house. why would you trust the same democrats responsible for this cool economy with another of
9:13 pm
their misguided spending bills? while other countries are lowering taxes to fight inflation, democrats impose over $350 billion in taxes that land on local manufacturers. the bill -- manufacturers that build right here in america. that will slow jobs, kill the economy and raise prices even higher. small businesses who hire nearly half of all workers in america get hammered with $50 billion in new taxes. senior citizens and savers will bear the impact of $74 billion in new taxes that punish companies from investing in their stock value. all these taxes will hurt the economy, drive inflation further and harm workers' paychecks, according to the independent tax foundation. democrats promised that no american will see, quote, a penny of tax hike. yet congress' own budget office debunks that claim, confirming the largest burden of higher taxes will come from middle
9:14 pm
class families starting next year. president biden is violating his own pledge not to raise taxes on middle class americans. he's denying that truth. yesterday house democrats insisted there are no new i.r.s. agents funded in this bill. read their lips. no new i.r.s. agents. they say it's all fearmongerring and they are just hiring replacements. unfortunately the fact is the i.r.s. budget already budgets for those who are leaving through attrition and the treasury department itself outlines the next decade of adding 87,000 new i.r.s. agents. that's what this bill unleashes. in fact, the congressional budget office reports, quote, audit rates will increase for every income level. almost 90% of unreported tax income comes from who? the middle class. so how will democrats collect $204 billion in more taxes? with thousands of new agents
9:15 pm
targeting what i would call wal-mart shoppers. you know them. they are real, hardworking american families. they are my constituents, they are my neighbors in my district. they are living paycheck to paycheck, struggling with inflation to higher gas prices. they will be hit with over $7 -- 700,000 new audits thanks to the skyrocketing surge in i.r.s. agents. maybe that's why democrats blocked any language in the senate that protects wal-mart shoppers and other value shopping families against these new i.r.s. audits. but, man, this bill, they love the wealthy. if the green new deal incorporates this, nearly a quarter of a trillion dollars in green new deal subsidies, government handouts go to the wealthy and to the biggest, most successful businesses in america. look at this. a sing working mom will pay higher taxes so they can be sent
9:16 pm
in a government check to wealthy investors and massive corporations. a yard man will send his taxes in a government check to the very well to do family whose lawn he's cutting. so they can splurge on an $80,000 luxury electric vehicle. incredibly, to fund all these government handouts, every senate democrat and the vice president chose to impose higher taxes on small businesses so that millionaires and billionaires would be protected from higher state and local taxes. everyone facing devastating diseases like cancer, alzheimer's, a.l.s., parkinson's, will pay a deadly price. this crazy bill increases the cost of health care and medicines and kills new life saving cures, while providing obamacare subsidies for the wealthy and those choosing not to return to work. making the worker shortage harsher. congress' nonpartisan score
9:17 pm
keeper and the university of chicago all confirm the government price fixing scheme could be a death sentence for patients, raising the cost of new drugs, crushing innovation and killing hundreds of cures. higher taxes, harassing i.r.s. audits on our wal-mart shoppers, no relief from inflation, all as america battles a recession. let me ask again. do you really trust the same president, democrats, who drove this economy into a recession and drove prices sky high with yet another spending spree? i strongly urge my colleagues to vote no on this bill and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: thank you, madam speaker. i now yield 1 1/2 minutes to the very accomplished gentleman from connecticut, mr. larson. the speaker pro tempore: the gentleman is recognized for one minute. mr. larson: thank you, mr. chairman. mr. chairman, i want to start by echoing the sentiments that both you and the ranking member had about jackie walorski and how
9:18 pm
deeply we all feel for her and her family and the staff members who were lost. let me start by again congratulating you, mr. chairman, and also members of this committee, most notably mr, as well for their work on climate and for their work throughout this period of putting forward consequential legislation. i say consequential in the time that i'm allotted because i want to talk specifically on some of these claims. i don't think -- and i hope the american people are listening, you don't bring about change by appealing to the sum total of the fears of the american people. you bring about change, as separationally, and by doing something constructive and putting forward legislation as opposed to putting forward the collective fears of the nation
9:19 pm
and hoping that you might be able to exploit those fears for political gain. the myth that there's 87,000 i.r.s. agents, even trump's former person rejects that, it's nonsense. as mr. neal has pointed out. but what matters to people is when you help them directly, like rod in connecticut who is paying $1,400 a month for his insurance and now under this bill is paying $20 a month. and the real savings that he gets from that allows him to provide college education for his children. as operation -- aspiration. mr. brady: thank you, madam speaker. i ask unanimous consent to enter into the record page 16 of treasury's own tax compliance plan, into the record, which shows the agency intends to hire 87,000 new i.r.s. employees. the speaker pro tempore: without objection. mr. brady: at this moment i
9:20 pm
yield and am proud to yield one minute to the gentleman from oklahoma, mr. hern. the speaker pro tempore: the gentleman is recognized for one minute. mr. hern: madam speaker, i rise today in strong opposition to the bill before us today. never in our history has the federal government responded to a recession by raising taxes on americans. it's simply unthinkable. nearly everything our colleagues across the aisle have said about this bill has been proven false. i've noticed they stopped >> they are hailing it as a climate and tax plan. i'll give them that because this legislation will raise americans' taxes and give money to hand-picked socialist companies. this bill will not reduce inflation. liberal economists are warning the exact opposite. 56% democrats and 91 independents are concerned about the direction of our economy. i have received thousands of phone calls, text messages and
9:21 pm
emails over the last week pleading with me to stop this bill from passing. they understand what this chamber does not. when the federal government spends more, american families have less. therefore, i urge my colleagues to give a resounding no. mr. neal: i yield one half minutes -- 1 1/2 minutes to the gentleman from oregon, mr. blumenauer. the speaker pro tempore: the gentleman is recognized. mr. blumenauer: thank you plrks chairman. this legislative package is something refused to die, it will reduce inflation, lower energy costs and lower the costs of prescription drugs, but it's not just about inflation but addressing the climate crisis and the cyst is of confidence in government. president biden met with experts
9:22 pm
to on understand the critical state that we are now in the future of our democracy and how we avoid its destruction. we have our moment making american history now. it's a moment for the future of our planet, children and grandchildren and ourselves. i am pleased to have worked over a decade on these provisions dealing with wind energy, investment tax credits, energy efficiency in commercial buildings and reinstating the super fund tax. american families will see significant savings by capping the prescription costs something the republicans made illegal in 2004. and it takes steps to restore the ability of the i.r.s. to function, closing the $400 billion tax gap and not making the american public pay for poor customer service because of
9:23 pm
mindless attack on this important institution. because the inflation reduction act represents more than the sum of these individual provisions, it's proof that our system works and the united states has the capacity to solve the more pressing challenges in the years ahead just when we need it most. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: i ask to enter a letter into the record which confirms the affordable care act subsidies will boost inflation and reduce incensetives for people to work. the speaker pro tempore: without objection. mr. brady: i yield to the gentleman from texas. mr. arrington: the last time democrats used reconciliation, it was under the pretense of covid recovery. not only did they fail to quote rescue america, they destroyed our recovery efforts and sent us into recession. in the aftermath of their
9:24 pm
self-inflicted economic disaster, they are running the same play and expect a different result. another false promise under the title, the inflation reduction act. nobody in america, madam speaker, beliefs this bill will reduce inflation, in fact it will make inflation worse, strangling oil and gas production, unleashing an army of tens of thousands of i.r.s. agents to shakedown americans and small businesses, handing out dollars in green new deal that will jeopardize america's security and putting america in a state of weakness. this will further inflation, deepen recession and increase costs at the pump. i yield back. the speaker pro tempore: the
9:25 pm
gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: i yield one 1/2 minutes, congressman kind, who is retiring. mr. kind: madam speaker, as a dear friend of jackie walorski, i share in the grief of her passing and staff. this inflation reduction act that puts people over politics by lowering families' kitchen table costs from prescription costs, creates millions of good paying jobs and delivers the most significant action to combat climate change that mother nature is screaming at us to take action today and it substantially reduces the deficit by over $300 billion. on that last point, not once has the republican-led congress brought a reconciliation bill that reduces that national deficit. as an example, when they passed
9:26 pm
the prescription drug bill in 2004, not only did they pay for it. $400 billion, the largest expansion of entile titlement funding and there was no offsets. when we passed the affordable care act, we paid for it and reduced the deficit. this week it was announced that health uninsured rates is at a historic low for our country no less due to that affordable care act. they made that prescription drug bill when they passed it by inserting language in it that made it illegal for us to discuss price or negotiate price with the drug companies. this bill changes that today by allowing once and for all price negotiations with the drug companies to deliver relief for seniors. i encourage my colleagues to support this legislation and i yield back.
9:27 pm
the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas. mr. brady: i ask unanimous consent to enter the analysis that shows that families earning $75,000 to $100,000 are four more times likely to have a tax hike than a tax cut. i yield one minute to the gentleman from tennessee, new. >> i rise today in strong opposition to what the democrats call the inflation reduction act which is the inflation expansion act. the americans are dealing with economy and recession and highest inflation we have seen in 40 years. we are experiencing worker shortages and empty grocery shelves and higher energy prices. democrats are doubling down on this out of control spending that led to this economic crisis. this package that we're voting on today will raise taxes on
9:28 pm
hard-working middle class families and authorize 87,000 new i.r.s. agents to target individuals and small businesses. it will reduce life-saving health care innovation to impose price control on dugs. it will hurt energy producers and will worsen inflation. i'm voting against this flawed and defective package base families, farmers and small businesses across the nation need real solutions to these problems, not more taxes and not more government spending. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts. mr. neal: a statement in subject stilet d be included in the record. i am recognize the gentleman from new jersey, mr. pascrell for 1 1/2 minutes.
9:29 pm
mr. pascrell: thank you, mr. chairman and mr. brady. american people put democrats in charge to raise our nation from its knees. unless we got short memories, we are putting people over powerful interests and rebuilding our economy for working families. we are providing historically low health care premiums for nearly 12 million americans including over 20,000 in my own district in new jersey. making the single largest investment in clean energy. our planet is at the precipice of catastrophe. so we are combatting climate change and creating 9 million jobs. not bad, mr. chairman. our bill includes legislation i happened to champion to expand zero nuclear energy and offshore
9:30 pm
wind where new jersey leads the way. i worked on those two issues. nothing said by my friends on the other side. for years republicans sabotaged the i.r.s. they safeguarded loopholes to help the privileged few pay a pittance in taxes and that ends today. five years ago, republicans passed a $2 trillion tax scam for the rich and the corporate tycoons. today, we are closing the tax gap and providing tax fairness. democrats are making prescription drugs affordable. democrats are leading the way. god bless our great country. and i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: i ask unanimous consent to enter the congressionalbudget office letter into the record which confirms this bill will increase the cost of new drugs.
9:31 pm
i yield one minute to my colleague, the gentleman from arizona, mr. schweikert. the speaker pro tempore: the gentleman is recognized. mr. schweikert: thank you. the chair needs 60 seconds. for everyone here, this is a subsidy bill. and this is a classic difference between the left and the right. they are subsidizing, we on the right actually want to change the market. we want competition. i'm going to pull out one very, very, very simple example. in here we have the the $2.5 billion for our ports to get greener and more efficient. the democrats slip in language that says human operated. meaning you are not going to take on the unions and not make it more efficient or embrace disruption in technology and we keep coming to the floor and talk about that would make our ports growner, more efficient, fuel the snrie chain.
9:32 pm
these electric fuel cars, you just made them not happen. this is a subsidy for those unions, those folks who write checks to the left and you claim you are making the environment cleaner but build barriers in the language to stop those good things from happening. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: pleased to recognize one of the members of the committee, mr. davis. mr. davis: i associate myself made with my colleague relative to our tragic loss of representative walorski who was ranking member of the subcommittee that i chair. i rise in strong support of the inflation reduction act of 2022. this is the most transformative pieces of legislation that i have seen. it lowers family health care costs, reduces drug and energy
9:33 pm
costs and makes the largest investment in climate change in the history of this count thri and cuts carbon emissions by 40%. this bill will create millions of good paying union jobs and slate economic growth. it incentivizees manufacturing and reduces our reliance upon foreign-made products. this bill does what we have been trying to do for years. it empowers medicare to negotiate the price of prescription drugs. millions of seniors and disabled people will benefit from this provision alone not to mention the cap on insulin price will do. this bill will cut the deficit and lower inflation and will not cost the average taxpayer one additional encent unless they earn $400,000 onlily or more.
9:34 pm
one feature of this bill i'm proud of is the enhanced tax credit to bring solar and wind energy to low-income communities. this tax credit will assist. it's a great bill. i urge its passage and i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. braid p braid i ask to enter congressionalbudget office report from this morning which confirms i.r.s. audits will again rate tens of millions of dollars from families earning $400,000. i yield one minute to the gentleman from pennsylvania, mr. the speaker pro tempore: the gentleman is recognized. mr. kelly: i thank my friend from texas and hate to see him leave because he has been so productive. we are going back and forth what the i.r.s. is not going to do. i would just tell my fellow citizens and i'm going to talk
9:35 pm
to the other side, but there is something wrong, whenever we look at the money being spent to hire agents for enforcement. i would tell my fellow citizens be afraid, be very afraid. if the events of this week don't shake you to the bottom as to what this government can do to you however it chooses to do it and when it chooses to do it, the i.r.s. is the most feared agency in the united statesgovernment. it is incredible the power it yields. it is incredible it's going to increase the number of enforcement officers. they're not coming in to help with the processing because all of us in congress, including my friends on the other side, have been doing the work of the i.r.s. for the i.r.s. they haven't been back to work full-time for 2 1/2 years. i would urge my friends on both sides of the aisle to vote no on this monstrosity that does not do anything about inflation but
9:36 pm
continues to harass hardworking american taxpayers. the speaker pro tempore: the gentleman's time has expired. the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: thank you, madam speaker. i recognize myself. this is misinformation about the i.r.s. they need the funding to better serve the american people. idea that all of a sudden there's an army of i.r.s. agents that are coming after the american family doesn't stand up under the magnifying glass of critical anas sis. with that -- analysis. with that, let me recognize a member of the ways and means committee, the gentleman from buffalo, mr. higgins, for 1 1/2 minutes. the speaker pro tempore: the gentleman is recognized for 1 1/2 minutes. mr. higgins: thank you, chairman. madam speaker, the 1970 clean air act was passed by a democratic-led congress and a republican president after millions of americans demanded change. five decades later, a new generation of americans are calling on congress to act on our nation's biggest challenges. the inflation reduction act is not just good climate bill, it's also a major achievement. to address climate crisis, it
9:37 pm
makes a $369 billion investment toward decarbonizing our nation. the bill addresses environmental justice. everyone should benefit from a cleaner environment. especially those who are vulnerable to disease because of where they live. the bill finally helps medicare negotiate a better deal on drug prices. this provision will save lives and help seniors enjoy their retirement without fear of poverty due to the cost of their medications. i urge my colleagues to support this legislation, which is vital to our nation's future. and i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: thank you, madam speaker. i ask unanimous consent to enter into the record the following report from 2020. from a group that tracks government spending. which details how the i.r.s. is currently armed with 4,600 guns and five million rounds of ammunition. that is not fearmongerring. these are the facts. the speaker pro tempore: without objection. mr. brady: thank you.
9:38 pm
i'm proud to yield one minute to a colleague of mine from the waimtion committee -- ways and means committee, mr. smucker. the speaker pro tempore: the gentleman is recognized for one minute. mr. smucker: thank you. there are so many things wrong with policies in this bill. it will certainly punish americans' pocketbooks through record high inflation, new taxes and an army of i.r.s. agents. but it can get even worse. this drug price setting regime in the bill, which i want to speak about briefly, may very well put american lives at risk. c.b.o. agreed less drugs will be developed as a result of the policies in this bill. according to a study from the university of chicago, government price controls in the bill will block 342 new cures from reaching market over the coming decades. that means that our constituents, families members who are battling diseases like cancer or alzheimer's, may well be left with no hope of finding a cure. the university estimates that blocking these cures will collectively take 330 million
9:39 pm
years off of americans' lives. that's one year per american, which by the way is a total of 31 times worse than the covid-19 pandemic. american innovation and ingenuity got this country out of the covid-19 -- the speaker pro tempore: the gentleman's time has expired. mr. smucker: this bill abandons free enterprise in favor of socialism and will cost the taxpayer too many dollars and cancer patients too many years. the speaker pro tempore: the gentleman's time has expired. the gentleman reserves the balance of his time. the gentleman from massachusetts. mr. neal: a reminder that there are, i believe, almost 600,424 medicare beneficiaries that have diabetes in pennsylvania. it's important that this bill caps insulin costs. let me yield 1 1/2 minutes to the very capable gentlelady from alabama. the speaker pro tempore: the gentlewoman is recognized for 1 1/2 minutes. ms. sewell: i rise today this sprong support of the inflation reduction act. this transformational legislation will lower health care costs for millions of americans and thousands of alabamans. by extending the a.c.a. tax
9:40 pm
credits for an additional three years, and reducing the prescription drug costs for our seniors, by allowing h.h.s. for the first time to negotiate drug prices with pharmaceutical companies and capping out of cost drug costs to $2,000 per year. this is a big deal for the american families. and especially the families that i represent in alabama. this bill is also the single largest climate investment in america's history. this bill includes my carbon capture expansion act that will extend the 45-q credit eligibilities for carbon capture projects to 2023. when i think about all of the great things that are in this particular bill, it is truly transformational for the people that i represent and for the american people. i urge my colleagues to vote in favor of this bill. let's put people first over politics. thank you and yield back the balance of my time. the speaker pro tempore: the gentleman reserves the balance
9:41 pm
of his time. the gentleman from texas is recognized. mr. brady: thank you, madam speaker. i ask unanimous consent to enter the following joint committee on taxation analysis that shows that american manufacturers are hardest hit by the democrats' made in america tax, $200 billion, and they will pay over half of that tax. the speaker pro tempore: without objection. mr. brady: thank you, madam speaker. i'm proud to yield to a colleague from the ways and means committee, the gentleman from north carolina, dr. murphy. the speaker pro tempore: for how much time? mr. brady: one minute. the speaker pro tempore: the gentleman is recognized for one minute. mr. murphy: thank you, madam speaker. i rise in opposition to this reckless bill today. i want to speak specifically to one issue and that is medicine. as a practicing physician, i have seen miraculous curative treatments made in medicine over the last 15 years. but this partisan package will destroy medical innovation and cripple independent private physicians. up to -- up to 342 new life saving drugs will be prevented by this bill. we all agree that the cost of medicine is way too high in this country. but instead of attacking the
9:42 pm
real causes, we are now going to be shifting medicare dollars away from doctors, those who actually take care of patients, and give them to insurance companies and green new deal policies. some physicians will see an average of 40% reduction in reimbursement. given the constant threats of medicare cuts for physicians, who the hell would want to practice medicine or can afford to practice medicine in this country anymore? the scheme will have long lasting negative effects on patients, physicians, the solvency of medicare and set a dangerous precedent for future medicine to use medicare as a piggy bank to subsidize unrelated policies. i urge my colleagues to vote no on this bill. thank you, i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: pleased to yield 1 1/2 minutes to the gentlelady from washington who is well known for her work in the renewable energy field, congresswoman dell benni. the speaker pro tempore: the congresswoman is recognized. ms. delbene: thank you, madam speaker.
9:43 pm
congresswoman jackie walorski was a friend and i send my deepest condolences to her family and the families of zachary and emma. madam speaker, the inflation reduction act is nothing less than historic and shows our constituents that governance can still work for them. the bill extends the affordable care act insurance subsidies that have saved 13 million americans an average of $800 a year on health coverage. it will enable the u.s. to cut greenhouse gas emissions by 40% by 2030 through investments like my clean hydrogen provision, and make it more affordable for families to purchase energy and cost saving products like electric vehicles and solar panels. he's in are provisions that the new democrat coalition and i have been calling for from the beginning. for our seniors, the bill will lower the cost of prescription drugs by allowing medicare to negotiate lower prices and will keep out-of-pocket drug spending at $2,000 annually. these are tangible benefits for americans. the legislation is fully paid
9:44 pm
for by ensuring corporations pay their fair share and providing the i.r.s. with the resources it needs after decades of republican-driven budget cuts. i urge my colleagues to support this bill and i want to remind my colleagues, there are 533,775 medicare beneficiaries with diabetes in north carolina. but the gentleman remains against this bill, capping insulin costs in medicare at 35dz per month. i yield -- $35 per month. i yield back. the speaker pro tempore: the gentleman from texas is recognized. mr. brady: thank you, madam speaker. i ask unanimous consent to enter the following letter of opposition into the record which represents america's independent natural gas and oil production industry who say this bill will only exacerbate, make worse, our nation's energy crisis. the speaker pro tempore: without objection. mr. brady: thank you. i'm proud to yield one minute to the gentleman from georgia, mr. clyde. the speaker pro tempore: the gentleman is recognized for one minute. mr. clyde: thank you.
9:45 pm
one of the most egregious provisions in this bill includes providing $80 billion to the i.r.s. for hiring 87,000 new agents to audit hardworking americans. after my small business was wrongfully targeted by the i.r.s. back in 2013, i know a thing or two about how burdensome and costly battles with the i.r.s. can be. and i'll tell you, it's a grueling fight that most americans simply cannot endure. this is precisely why i introduced an amendment to eliminate the i.r.s. enforcement provision in this severely misguided legislation. but the democrats rejected it, confirming their intent to supercharge the i.r.s. audits in order to pay for their big government socialist agenda. this week has also proven just how corrupt our federal agencies are and the length they're willing to go to persecute political opponents. think about it. if the left will weaponize the f.b.i. to raid president trump's personal residence, they will surely weaponize the i.r.s.' new
9:46 pm
87,000 agents, many of whom will be trained in the use of deadly force, to go after any american citizen. i urge my colleagues to vote no on supersizing and weaponizing the i.r.s. against the american people. thank you and yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: madam speaker, thank you. pleased to yield 1 1/2 minutes to the gentlelady from california, whose work in the arena on renewable energy is well known. ms. chu. the speaker pro tempore: the gentlewoman is recognized for 1 1/2 minutes. ms. chu: i rise today in strong support of the inflation reduction act. this historic legislation will make real tangible differences in the lives and livelihoods of people back home in southern california and across the nation. and it is imperative we pass this once in a generation bill today. the american people are struggling to afford medications, health insurance and their energy expenses. all while battling the impacts of climate change every day. they are desperate for congress to take action to address the real challenges they are facing
9:47 pm
in their everyday lives. and this is exactly what this bill does. it lowers the costs of prescription drugs for seniors to no more than $2,000 yearly. it curbs the rising cost of utilities and creates good paying jobs nationwide in the process. it makes health care more affordable for millions of americans by shoring up the affordable care act. today we are going to combat climate change, ensure corporations pay their fair share, and reduce prices for workers and families. and in fact, we're making the largest and most ambitious investment in clean and renewable energy in our nation's history. finally reversing years of underinvestment at the i.r.s. and building a fairer tax system that will invest in workers without raising taxes on families and small businesses. today we're delivering on a promise made to americans by passing this critical bill. we must commit to putting people
9:48 pm
over politics. i urge a yes vote on this bill. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: madam speaker, first may i please inquire how much time chairman neal and i have remaining? the speaker pro tempore: the gentleman from texas has 15 minutes remaining. the gentleman from massachusetts has 9 1/2 minutes remaining. mr. brady: thank you, madam speaker. i ask unanimous consent to enter into the record this pen waterren school of business analysis, that debunks the inflation reduction act, showing how this bill will reduce inflation by less than .1% in the first five years and zero impact on inflation after that. the speaker pro tempore: without objection. mr. brady: thank you. i'm proud to yield one minute to the gentleman from tennessee, mr. rose. the speaker pro tempore: the gentleman is recognized for one minute. mr. rose: madam speaker, tennesseans are hurting from the skyrocketing costs of living everywhere they turn. now it seems as if the united states has entered into a spending-induced recession
9:49 pm
caused by the irresponsible fiscal policies of president biden and congressional democrats. instead of focusing on passing meaningful and impactful legislation to help lower the cost of living, we are voting on a bill that spends hundreds of billions of taxpayer dollars. the bill will do nothing to help ease the pain my neighbors in tennessee are experiencing, and in fact is likely to increase inflation even more and push prices on everything even higher. it gives a tax break to wealthy americans who can already afford to purchase expensive electric cars. it also increases taxes amidst a recession, which will only make it worse, and it alowls the i.r.s. to hire an -- allows the i.r.s. to hire an army of 87,000 new federal agents to go after the middle class. i will will be -- i will be voting no and i urge my colleagues to do so as well. thank you. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: thank you, madam speaker. i'm pleased to yield three minutes to the gentleman from georgia, the majority whip in
9:50 pm
the democratic caucus, whose district i have visited. the speaker pro tempore: the gentleman from south carolina is recognized. mr. clyburn: thank you very much, madam speaker. thank you for yielding me the time. madam speaker, i rise today in full support of the inflation reduction act. there are a few this is truly historic. for me, this is one of them. we have passed other historic legislation to help our economy overcome the pandemic, create jobs, repair and invest in our infrastructure and bolster critical supply chains. this will lead to the transformative change democrats in congress have been working with president biden to achieve the past year and a half. the inflation reduction act will reduce the deficit by $300 billion over the next decade. it achieves by ensuring tax
9:51 pm
fairness that requires corporations to pay a minimum tax of 15r% and protecting families making less than $400,000 a year from paying one penny more in taxes. in addition, the inflation reduction act will assist families by extending subsidies by the purchase of health insurance through the affordable care act. seniors on medicare will benefit from the government's ability to negotiate prescription drug prices and capping out of pocket drug costs. having experienced my late wife's 30 year battle with diabetes, this bill would cap insulin costs at $35 per month for those on medicare. this is a giant step forward. but we will continue working to
9:52 pm
overcome the republican opposition that block extending the same life-saving measures to those on private insurance. finally, this bill will cut climate pollution by 40% by 2030. it does so by building a new clean energy economy that invests in a healthy future for all our citizens, creating 9 million new jobs. this legislation creates a nuclear production tax cut for existing reactors, ensuring that my home state of south carolina continues to be a leader in clean energy generation while also making like that affordable and accessible. it also puts $60 billion towards environmental justice to help communities, especially communities of color address the
9:53 pm
legacy of pollution in their neighborhoods. i believe today we are demonstrating what we democrats mean what we say we are putting people over politics. while our republican colleagues continue to put their politics over the people's health and well-being. i am proud to stand with the people of america and help with this bill. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas. mr. brady: i would note that every democrat in the house and senate strongly opposed providing prescription drugs for seniors in medicare part d and then leader pelosi at the time said it would end medicare as we know it to help seniors with these life-saving medicines. i ask unanimous consent to enter a study from the university of chicago that the democrats' drug pricing scheme and controls
9:54 pm
could kill up to 342 cures, many of them life life saving cures in the next generation alone. i yield one minute to the gentleman from florida, mr. rutherford. mr. rutherford: i rise in strong opposition to this reckless spending bill which will do knowing to address inflation. the bill before us today will further threaten the prosperity perrity of hard-working american taxpayers. the same party that drove this economy in recession are back. another plan to raise taxes and build more bureaucracy and create a government slush fund. we need to call this bill what it is, $700 billion did he back will that will drive up the cost for everyone and double the size
9:55 pm
for the i.r.s. and attack medical innovations and use $350 billion to implement the green new deal while giving handouts to the wealthy. hard-working americans are facing rising prices and nationwide recession. they deserve leaders who are focusing on the lives of americans not politicians who pander to the president and his failed policies and i urge a no vote on this egregious bill. mr. neal: i am pleased to yield 1 1/2 minutes to the gentleman from pennsylvania, mr. boyle. the speaker pro tempore: the gentleman is recognized. mr. boyle: madam speaker, the word historic is probably overused at times. really, it is a day like today when the word historic is warranted. for decades, politicians of both
9:56 pm
parties talked about giving medicare the ability to negotiate prescription drugs to bring down the costs for seniors. today, in this bill, we are doing it. for decades, politicians talked about capping the amount of money seniors pay every year on prescription drugs. some in my district in philadelphia pay $5,000 a year, $10,000 a year. this bill caps it at no more than $2,000 a year. again for decades, politicians talked about the need to address climate change, to make a large investment so we can finally tackle this challenge for america and for the world. here in this bill, we are doing it. the largest single investment to address climate change in our nation's history. you know, i know that on social media and on tv, it tends to be
9:57 pm
the form of politics that gets most of the attention. that helps breed a cynicism within our constituents. it is legislation like this that makes a difference in peoples' lives. this is why we are here as lawmakers to do the peoples' business. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. braid braids i ask unanimous consent to enter the following analysis that shows the top 10 manufacturing industries hit hardest by the democrats made in america tax. this is minorities and working-class americans. i yield one minute to the gentleman from ohio, mr. davidson. mr. davidson: this. mr. williams: not reduce inflation but will pull us further in the wrong direction.
9:58 pm
it is more government and less freedom. in the prior year, inflation is incompetents of 13% and real wages have fallen by $4 -- 4.5%. this combines inflation and people are being crushed. you cannot spend your way out of inflation, but this is what this bill tries to do with $745 billion. it raises taxes in a recession more than six times the agency's current annual budget for the i.r.s. it's going to more than double audits on families and instead of addressing the 32% increase in energy prices by increasing energy production, this spends on green new deal pet projects and $250 billion federally-run department of energy loan program. please oppose this bill. i yield. the speaker pro tempore: the gentleman reserves the balance
9:59 pm
of his time. the gentleman from massachusetts is recognized. mr. neal: pleased to yield 1 1/2 minutes to the gentleman from virginia who has had a profound influence on this legislation and knows it inside and out, mr. beyer for 1 1/2 minutes. the speaker pro tempore: the gentleman is recognized. mr. beyer: madam speaker, we protect the world for future generations. this will do untold good for the nation and for the american people. this is our generation's single contribution to american history. our social security act, even the bill of rights. the act will lower health care costs and create jobs. we have been putting people over politics. we will actually reduce the deficit by presenting corporations to shoulder their fair burden of the tax responsibility. most importantly, congress is
10:00 pm
taking the ambition action we need to prevent the worst feats of climate change. and i am privileged to serve on chairman neal's ways and means committee and proud of the tax credit provisions i partnered with distinguished members and friends. these are the parts of the act which will have enormous consequences and reduce emissions from commercial vehicles and remove carbon pollution directly from the atmosphere and promote development of green hydrogen and accelerate reduction of emissions. this will create good paying jbs. this bill will put us on the path to reduce our target emissions and help save the planet. i thank my colleagues for their support. and i yield back. the speaker pro tempore: the
10:01 pm
gentleman reserves the balance of his time. the gentleman from texas. mr. brady: i ask unanimous consent to enter the following "wall street journal" editorial into the record which shows this will reduce emissions 0.028 throughout the 21 century and as little as .00009% over the entire century. i yield one minute to the on the gentlewoman from new york. >> america is struggling and economy is contracting and we are in a recession and jamming through $750 billion bill with a slush fund that will further fuel inflation and lead to higher energy costs and drive up manufacturing costs. what a lousy idea to raise taxes during a recession. this will not just hit businesses but families earning as little as $50,000 and this is
10:02 pm
doubling the i.r.s. by 87,000 agents a level that is more than the population of biden's hometown of scranton, pennsylvania or fill myths life stadium, four times the border patrol agents when we have a border crisis and eight times drug enforcement agents when fentanyl is taking lives of young americans and does not include one cop as crime is skyrocketing in cities like i mine. this congress is diagnoses connected that americans and to call it the inflation reduction act is a lie. the speaker pro tempore: the gentleman from massachusetts is recognized. mr. neal: i yield to the gentleman, mr. schneider. mr. schneider: this bill will
10:03 pm
lower the cost of energy. just as important, it makes the largest ever investment in tackling the climate crisis helping to set carbon emissions by 40% by 2030. this will improve the lives of americans. this bill will allow the h.h.s. secretary to negotiate the prices of some of the most expensive drugs. it caps the price of insulin at $35 and includes expanded coverage to low-income beneficiaries, which i have championed for years. on climate change, i am particularly proud this bill includes my legislation the sustainable skies act that will reduce greenhouse gas emissions from aviation which accounts for 2% of the world's emissions and tackles investments from roof top solar panels to hvac
10:04 pm
systems. and let me repeat, this bill is entirely responsibly paid for and then some. again, our deficit will be cut by more than $300 billion by the action congress is taking today. americans have been hard hit by the pandemic and the feats of global supply chain cries sees and every year climate change becomes more severe and more costly. americans need relief. i urge my colleagues to give our fellow citizens the relief they deserve. the speaker pro tempore: the gentleman from texas is recognized. mr. brady: i ask unanimous consent to enter the article by americans for tax reforms by describing the top five budget gimmicks in this bill showing over $330 billion in fake savings more than the so-called
10:05 pm
deficit reduction in the bill. the speaker pro tempore: without objection. mr. brady: i yield one minute to the gentleman from tennessee, mr. fleischmann. mr. fleischmann: the dying ember that is the democratic majority in both houses once again seeks to burn the american people. $80 billion for the i.r.s. and they champion it. i'll stand with the hardworking american people of this nation, democrats, you can have the i.r.s. raising taxes at a time of recession, at a time of economic gloom, i will stand with the hardworking entrepreneurs of america any time over raising taxes. ladies and gentlemen, madam speaker, the american people know better, the american people deserve better. the american people will get better in november. with that, i urge a no vote on this bill and i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized.
10:06 pm
mr. neal: thank you, madam speaker. i'm pleased to yield one minute to the gentlelady from new york. the speaker pro tempore: the gentlewoman is recognized for one minute. ms. velazquez: thank you. i rise in strong support of this historic legislation. the climate crisis is the sing most important issue facing our future. the future we will all share, democrats and republicans. i understand this is a down payment on climate action and more needs to be done, but let's focus on what this bill does. it lowers the cost of health care and prescription drugs. it lowers energy costs and delivered the largest ever climate action by investing in domestic energy production and manufacturing, while reducing carbon emissions by roughly 40% by 2030. it lowers the deficit and helps fight inflation by making an historic payment on deficit reduction of $300 billion. we do this by making the biggest
10:07 pm
corporations and ultrawealthy pay their fair share in taxes. so enough with the fearm fearmongerring by the other side. let's get this done on behalf of hardworking families across america. i yield back. mr. brady: thank you. i ask to put a polling study into the record. which shows once americans learn the details of the so-called medicare negotiation, which is price setting, their choices and access to life saving cures will be limited, public support for negotiation plummets. the speaker pro tempore: without objection. mr. brady: thank you. i yield one minute, madam speaker, to the gentleman from texas, mr. gohmert. the speaker pro tempore: the gentleman is recognized for one minute. mr. gohmert: thank you, madam speaker. this is the bill, 728 pages, we got from the senate this week. has anybody read it? come on. that's over $1 billion average
10:08 pm
per paim. that ain't gold -- page. that ain't gold. that's fool's gold. look, more i.r.s. agents, as art laffer said years ago, that's not going to increase the amount of revenue to the government. and in fact when you say it's going after the ultrarich, what happens is the ultraparishioner are the only -- ultrarich are the only ones who can avoid paying these taxes they hire attorneys, accountants, they can move, change their business structure. it comes right back to the middle class every time. these same policies are the reasons that the average black household in the eight years of obama lost 30% of their net worth. so we keep hearing from the other side. there's had runaway inflation and this ugly bill's going to stop it? the president says zero percent inflation. somebody's lying. we'll find out who. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: i'll be the first to
10:09 pm
acknowledge, that madam speaker, i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: thank you, madam speaker. on behalf of many diabetes patients, i ask unanimous consent to enter the following article in the record which includes a quote from my fellow texan, representative lloyd doggett, where he accurately states that the insulin caps policy included in this bill, quote, does not lower the price of insulin by one penny. unquote. but rather shifts costs to others. the speaker pro tempore: without objection. mr. brady: thank you, madam speaker. i yield one minute to the gentleman from ohio, mr. jordan. the speaker pro tempore: the gentleman is recognized for one minute. mr. jordan: i thank the gentleman. who are they going to harass? who are these thousands of i.r.s. bureaucrats, who are they going to harass? middle class families. we know who it's going to be. it's that snippet football coach at the -- assistant football coach at the local high school who teaches history who has a size business. he mows lawns in the summer, paints houses in the summerrer, he pays his taxes but he's going to get harassed. we know how this works, we've seen it before. this bill raises taxes, creates
10:10 pm
a whole new proxy to go after taxpayers, such a deal, using your tax money to come after you, the taxpayer, such a deal for the taxpayer. and my guess is they'll all be working remotely. they won't have to pay the $5 to drive to work like people in our district do. they'll be working remotely, drinking their fancy coffee, going after the guy who is helping kids and has a side business in the summer who pays -- that's who this is going to come after. everyone knows it, the country knows it. this is disgusting. i hope y'all vote no. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: i continue to reserve, madam speaker. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: thank you, madam speaker. on behalf of seniors who rely ognjen eric drugs, i -- on generic drugs, i ask to enter the letter for the record which explains the price controls in this democrat bill will reduce competition from lower costs generic and biosimilar medicines, that means fewer options for patients and
10:11 pm
worsingen -- worsening drug shortages. i'm proud to yield one minute to the gentleman from tennessee, mr. burchett. the speaker pro tempore: the gentleman is recognized for one minute. mr. burchett: thank you, mr. chairman. madam speaker, following jim jordan's like -- why nobody wants to follow jimi hendrix at woodstock. it's going to be tough. you never reduce burdens or inflations by increasing taxes $740 billion. estimated that $4,500 increase on the average family under this proposal. instead, you simply create more government, it never goes away. this is not an inflation reduction act. it's a woke climate bill that will increase inflation, madam speaker. madam speaker, my democrat friends seem to have forgotten that capitalism is not the enemy, we are. i would also remind my colleagues across the aisle that in tennessee we reduce taxes and regulations and now we have record surpluses and individuals and businesses are moving from your district to mine as fast as they can get there. madam speaker, i yield the remainder of my time and i would like to say, the ranking member,
10:12 pm
who i call chairman, will be incredibly missed here in these halls, but also more so out on the baseball field. thank you, madam speaker. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: madam speaker, i'm prepared to close. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: thank you. i'm prepared to as well. first -- too as well. first, madam speaker, i would ask unanimous consent to enter the following list of 586 credible voices of opposition to this bill, they include business leaders, taxpayer advocates, economists and thought leaders who all say this bill will hurt americans if passed today. the speaker pro tempore: without objection. the gentleman from texas is recognized. mr. brady: so, first, i would ask unanimous consent to enter the following letter in the record from dozens of main street businesses opposing the democrats' bill because the i.r.s. targeting of their business under the bill, tax hikes on small business. the speaker pro tempore: without objection. mr. brady: thank you. now, pleased to yield myself
10:13 pm
such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. brady: a year ago we met to consider another disastrous version of this bill and since then, the american families and main street businesses have been facing and continue to face historic inflation and now a recession. this bill is a hoax on the american people. americans who are suffering the most in president biden's cruel economy will soon know this firsthand. they'll know it because inflation will get worse, according to the pen warton school of business analysis. parents sitting up at night will notice higher taxes, few be jobs and lower wages as they pay for the vast majority of any revenue collected under this bill, according to congress' own nonpartisan score keeper. a middle income single mom with two kids who runs her own business will know it. when she comes home from wal-mart and finds a letter from the i.r.s. telling her she's under audit. seniors and loved ones with life-threatening illnesses will arrive at the pharmacy counter and break into a sweat when they see they cannot afford their
10:14 pm
medicines. families with loved ones newly diagnosed with alzheimer's or cancer or a.l.s. and desperately seeking treatment will wonder whether the cure for their disease will ever come. the wealthiest and the biggest foreign-owned corporations will do just fine. they're getting hundreds of billions of dollars of government handouts under this bill. after all, they get the government checks paid for by the middle class taxpayers who are getting squeezed. this is a sad day for struggling american families and main street businesses. this economy is cruel enough. but by voting to turn this hoax into law congress is inflicting one more act of cruelty. i urge opposition to this bill and, madam speaker, i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from massachusetts is recognized. mr. neal: thank you, madam speaker. i yield myself such time as i might consume. the speaker pro tempore: the gentleman is recognized. mr. neal: this is a big day and
10:15 pm
this is a big deal. we're putting people out front and making good on promises we've made. lowering drug prices and investing in our climate. mountain high legislative achievements have we. the rescue plan, chips, science act, and now this achievement for the american people. lyndon johnson was right. yesterday is not ours to recover. but tomorrow is ours to win or lose. the inflation reduction act headed to the president's desk, give joe biden credit, we stand here assured that tomorrow is ours to win. we've had bold dreams in this congress, we've delivered big on those dreams. none of this would have been possible without the dedication and expertise of the staff of the ways and means committee, the best in the business. they've worked nonstop for two years for the american people and today their hard work is on display for the world to witness and await the president's signature. the inflation reduction act sets our nation on a healthier, fairer and more pros pows pact. i urge --

13 Views

info Stream Only

Uploaded by TV Archive on