releases: https://boyle.house.gov/media-center/press-releases/boyle-votes-historic-inflation-reduction-act-lower-pennsylvanian-s-costs
Data license: MIT · Data source: dwillis/congress-press
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| https://boyle.house.gov/media-center/press-releases/boyle-votes-historic-inflation-reduction-act-lower-pennsylvanian-s-costs | BOYLE VOTES FOR HISTORIC INFLATION REDUCTION ACT TO LOWER PENNSYLVANIAN’S COSTS | 2022-08-12 | 2022 | 2022-08 | Democrat | House | PA | Brendan F. Boyle | B001296 | boyle.house.gov | boyle | https://boyle.house.gov/media-center/press-releases | scraper | WASHINGTON, DC – Today, Congressman Brendan F. Boyle (PA-02) voted to send landmark legislation to the President's desk. The Inflation Reduction Act lowers Pennsylvania families' costs, creates nine million good-paying jobs, combats the climate crisis, and dramatically reduces the deficit. "The Inflation Reduction Act is an historic victory for middle-class families and for our planet: delivering the investments we need to keep down health care costs, reinvigorate American manufacturing, and drive our transition to a clean energy economy", said Congressman Boyle. "Importantly, this legislation is fully paid-for by closing loopholes on billionaire corporations that pay nothing in taxes. This legislation is a monumental step forward in House Democrats' fight to build a fairer, cleaner economy. We remain focused on putting People Over Politics: lowering costs, creating better-paying jobs, and building safer communities for all." This legislation will bring down costs for working Pennsylvanians while building a cleaner economic future across the country, taking action to: Lower prescription drug prices: empowering Medicare to negotiate the price of prescription drugs, preventing excessive price hikes and capping seniors' out-of-pocket drug costs at $2,000. Lower health care costs: reducing Pennsylvanian's premium costs by extending ACA subsidies for three more years, locking in average annual savings of $800 per person. Lower energy costs: saving Pennsylvania families an average of $1000 per year on their energy bills. Lower the deficit and help fight inflation: making an historic down payment on deficit reduction of approximately $300 billion. Deliver America's largest-ever climate investment: supporting domestic energy production, creating nine million good-paying union jobs and reducing carbon pollution by roughly 40 percent this decade. According to 126 leading economists – including seven Nobel Prize winners, three former chairs of the Council of Economic Advisers, two former Treasury Secretaries – the Inflation Reduction Act "will fight inflation and lower costs for American families while setting the stage for strong, stable, and broadly-shared long-term economic growth." The Inflation Reduction Act also honors Democrats' promise: no new taxes on families making $400,000 or less and no new taxes on small businesses. This legislation is fully paid-for by ensuring that large corporations and the ultra-wealthy pay their fair share: Strengthening IRS enforcement against wealthy tax cheats. Closing tax loopholes exploited by the wealthiest few. Implementing a 15 percent corporate minimum tax on billion-dollar companies and a 1 percent tax on corporate stock buybacks. | 1 | 2026-03-30T01:40:41Z | 2026-04-08T02:59:24Z |