Legislation will make big corporations pay a fair share of taxes and lower out-of-pocket costs for working families on energy, prescription drugs, and health care

WASHINGTON, D.C. – U.S. Senator Tammy Baldwin voted to pass the Inflation Reduction Act of 2022. The Democratic legislation will close tax loopholes for big, billion-dollar corporations and make them pay a fair share of taxes to cut the deficit, lower the out-of-pocket cost of prescription drugs, reduce health insurance premiums, lower household energy bills, and invest in American clean energy and job creation to take on the climate crisis.

“Wisconsin working families need lower costs and I voted for the Inflation Reduction Act to deliver results. Our reforms will close tax loopholes for big, billion-dollar corporations and make them pay a fairer share of taxes so we can cut the deficit and lower the out-of-pocket costs for working families on prescription drugs and health care premiums. Our legislation will lower energy costs for consumers, and will make investments to boost the production of Made in America clean energy that will create jobs and take on the climate crisis. Today, while Senate Republicans stand on the sidelines with the big corporations and drug companies who have profited off inflation’s rising costs, I am voting to fight inflation and deliver some fairness and relief for working families.”

An online version of this release is available here.

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