Press Releases

GIDDY UP-DATE NEWSLETTER: The Inflation Reduction Act

Aug 4, 2022

Hey folks,

Things in Washington are REALLY picking up! Last week we announced the Inflation Reduction Act, a bill that will lower health care costs and combat climate change by making wealthy corporations pay their fair share. 

This bill will be the LARGEST climate rescue investment in the history of the planet. It includes $369 billion to transition to clean energy through technologies like electric vehicles, wind and solar, home efficiency and electrification, and much, much more. Together, that will slash our carbon emissions 40% by the end of the decade! 

A lot of people didn’t think this bill was possible a few weeks ago. But tackling climate change was too important to give up on, and we’re proud of the work we did to help finalize this deal. Watch some highlights from the past week below:

The Inflation Reduction Act also lowers health care and prescription drug costs. By empowering Medicare to negotiate drug prices, cutting out-of-pocket-costs for seniors, and extending savings for people who purchase insurance through the Affordable Care Act, this bill will save millions of people lots of dough. 

And do you want to know what the best part of all this is? It’s entirely paid for! We’re making large corporations pay their fair share AND closing loopholes that the wealthy use to cheat on their tax bill. There’s even money leftover to reduce the deficit. 

We know that these challenges are top-of-mind for Coloradans across the state, and this bill is a result of listening to YOU and your priorities. Let’s get it done! 

Sincerely, 

Senator John Hickenlooper

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