Majority Leader Schumer Statement On The Two Year Anniversary Of The Inflation Reduction Act

New York, N.Y. - Senate Majority Leader Chuck Schumer (D-NY) today released the following statement to commemorate the two year anniversary of the Inflation Reduction Act, a game-changing piece of legislation passed by Congressional Democrats and signed into law by President Biden.

"Two years in, the results are clear: the Inflation Reduction Act is a game-changer for our workers, for American families, and for our planet.

"Today, thanks to President Biden and Congressional Democrats, Americans pay less for prescription drugs and health insurance. Our economy is undergoing a clean energy revolution. And companies are investing in American manufacturing and American workers at historic levels. In short, the IRA has helped move our country in the right direction: driving down costs, raising up wages, and creating thousands of good-paying, union jobs - with millions more on the horizon.

"This was done without a single Republican vote, because they were too afraid to take on the Big Oil and Pharma companies. It shows what Democrats can deliver for the American people when we have White House, Senate and House.

"The Inflation Reduction Act is a shining example of the Democratic agenda working for the American people. This legislation met the challenges of the moment and the existential threat of climate change, while lifting up American workers and the economy. Democrats are proud of the progress we've made in implementing our agenda, and we will keep working to ensure every American sees and feels the benefits."

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