tv U.S. House of Representatives House Debate on Tax Health Care Climate... CSPAN August 12, 2022 7:44pm-9:03pm EDT
7:44 pm
with the latest episodes of washington journal and find scheduling for c-span's tv networks and c-span radio area plus a variety of compelling podcasts. c-span is available now on the google store and apple store. c-span your unfiltered view of washington. anytime anywhere. x over the last few months, the january 6 many of a series of hearings revealing findings from its investigation read all week, much c-span as we look at eight hearings featuring never before seen evidence and witness testimony and the attack on the u.s. capitol. on monday, at 8 p.m. eastern, u.s. capitol police officer caroline edwards who was knocked unconscious during the first breach of the capital rounds shares her story alongside the maker nick who was filming the proud boys and the rally. watch on c-span -- c-span now are free video app or anytime on
7:45 pm
demand at c-span.org. >> on this vote, it's 220 the names are to 07 -- 207 the resolution is adopted. yay. [applause] >> that was a scene earlier is speaker pelosi announced the taxes, health care, and climate change bill passes. the senate passed the measure sunday 51-50. and now heads to the white house for president biden signature. next, the debate in the house prior to the final vote. this is over five hours. cheats start paying what they owe. the inflation reduction act is fiscally responsible, fully paid for and has been strongly
7:46 pm
endorsed by top u.s. economists across the political spectrum. not one american family making less than $400,000 a year will see their federal tax bill increased by this legislation. not by a penny. the inflation reduction act is also the biggest investment the u.s. government has ever made to combat climate change. it leapfrogs us ahead of nearly every other country in terms of our commitment to tackling this crisis. now, we've seen a lot of republicans spreading misinformation about this legislation. and it's for one reason and one reason only. they're scared. they know the provisions of the bill are overwhelmingly popular yet because they consider it a democratic bill, every single one of them will be voting against it. this is a chris call clear example of republicans putting party before country. just look at the numbers. 77% of americans support placing caps on prescription drug prices to lower health care costs.
7:47 pm
that's a key component of this bill. 83% of americans support allowing medicare to negotiate drug prices to make health care more affordable. that's another key component of this bill. 2/3 of americans think the government should do more to combat climate change. this bill takes on climate change with the urgency it deserves. by opposing this bill, republicans are making very clear where they stand. not with the american people. not with their priorities or needs. but with big pharma, corporate lobbyists, with tax cheats. the american people are on our side. they want this bill. and today in a huge victory for them we will send it to the president's desk to be signed into law. and let me remind my republican colleagues what they are voting against. they're voting against cutting prescription drug prices for their constituents in many cases for life-saving medication.
7:48 pm
voting against combating inflation and lowering costs when american families are desperate for us to take action. and they're voting against providing the largest federal investment ever to combat the climate crisis and its life-threatening consequences. i could not be more proud that i will not only be voting yes on this bill, but that this historic legislation will bear my name. with or without republican support today, we will make a real difference. we will use the power of the federal government to make american lives better and our country and planet safer. in other words, we will do our job. with that, i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from missouri is recognized. >> thank you, mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. >> before i begin i want to take a moment to recognize our colleague, jackie walorski. we come back to the capitol with very heavy hearts and just over
7:49 pm
a week ago we lost ms. jackie and two of her staffers, emma thomson and zachary potts, while they were in their public service. mr. smith: i was lucky enough to serve with her for -- on the ways and means committee and worked with her numerous hours. and i know that the ways and means committee, we will miss here dearly. the people of this body will miss her dearly. and i know that the people of indiana will miss her very dearly. with that, i will say that she was one of the hardest working public servants that i have ever met and when she gave her -- gave her word it was written and carved in stone. for that, she will always be in our hearts. as we turn to the legislation before us today, this week we found out inflation remains at a 40-year high. having risen 13.7% since biden
7:50 pm
became president. real wages have decreased by 4.5%. americans are suffering. are we here debating how to alleviate that suffering? no. we are debating what democrats call the inflation reduction act. which everyone from the congressional budget office to 230 different economists, even senator bernie sanders, says will not actually reduce inflation. when you strip away the fake sun set policies, this bill spends $745 billion and adds $146 billion to our debt. it adds $54 billion worth of debt just in the first five years. and 80% of their, quote, budget
7:51 pm
deficits, don't even begin until after the year 2029. so lots of spending up front. lots of debt up front. and then maybe savings eight years from now. how is that going to put out the fire of inflation when the price of groceries is up 13.1% over the past year? secretary yellen and former president obama are all on record by saying you don't raise taxes during a recession, but that is exactly what this bill does. it includes $5 # 9 billion in new taxes and falls on taxpayers making less than $400,000 a year. the choice this bill puts in front of families making less
7:52 pm
than 200,000 is clear, put the government at the center of your health care decisions or face a $10 billion tax burden. but it gets worse. this bill doublings the size of the i.r.s. it doubles the size of the i.r.s. it can target an audit. more middle class families and snoop into their bank accounts. not sure how subjecting americans to more audits solves the inflation crisis. in my home state of missouri, this bill would quadruple the number of audits, 18,000 more audits on hard-working americans who make less than $200,000. that's not the only point of this bill. this is about democrats' green knew deal agenda. my colleagues will not talk
7:53 pm
about inflation, not to talk about gas prices but to instead talk about the hundreds of billions of dollars that is being spent on radical environmental projects. and you know what? they will be exactly right. half of the spending, over $400 billion goes to 3.4 billion for tree equity, tree equity. that surely is go to go bring down the gas prices. $7.5 billion for new luxury electric vehicles, tax credits for families who make up to $300,000 a year. that should definitely curtail inflation. $27 billion for a national climate bank slush fund at the e.p.a. that should definitely help our supply chain crisis, $362
7:54 pm
million handout to corporate america to make their offices buildings much greener. that will definitely help secure our southern border. democrats believe they can spend their way out of inflation and tax their way out of reeggs. it will only make the suffering americans face today that much worse. this bill is simple. it is welfare for the wealthy environmentalists and big compings ses -- corporations paid for by taxes and audits on middle and low-income taxpayers. these hard-working americans are the one that have been forgotten under the one-party democrat you'll this washington, the washington and wealthy elite win again. i reserve the balance of my time. the speaker pro tempore: the gentleman from missouri
7:55 pm
reserves. the gentleman from kentucky. mr. yarmuth: i yield two minutes to the gentlewoman massachusetts, the assistant speaker, ms. clark. the speaker pro tempore: gt gentlewoman is recognized. mr. clarke: this bill is -- it lowers cost and creates great paying jobs and makes our communities safer by addressing the lethal affects of climate change. seniors won't have to choose. ms. clark: more families are going to be able to afford health care. homes and cars will be more affordable and efficient. u.s. companies will be able to create great paying jobs and leave the clean technology revolution and billionaires and corporations will finally have to pay their fair share while working people will have more
7:56 pm
money. costs will be lower and green jobs will be plentiful and our future will be brighter. this game-changing bill moves america forward. democrats are lowering costs for every day americans. we are standing up to special interests who have blocked cutting the costs of prescription drugs over and over again and america's critical transition to clean energy. we are rebuilding a stronger greener economy and infusing the tax system with fairness. this is a win for the american people. this is a win for people over politics. i yield back. it gentlewoman from massachusetts yields back. the gentleman from kentucky reserves. the gentleman from missouri is recognized. mr. yarmuth: i yield to the great gentlewoman from iowa. >> i rise in opposition to the
7:57 pm
so-called inflation reduction act. last year we warned spending trillions of dollars would cause prices to spike and rammed through a trillion dollar sticking families with the bill. sp speaker pelosi is arguing for another tax and spending spree wasting hundreds of billions of green new deal priorities and raising taxes on middle class families. this will worsen inflation and adding 87,000 new i.r.s. agents. we want prices down but this bill takes more from their paychecks so the wealthy get a discount on electric vehicles and incrows bureaucracy at the e.p.a. to impose regulations on farmers. it's the worst policy at the worst possible time. i urge a no vote on the latest
7:58 pm
tax and spending spree and i yield back. the speaker pro tempore: jot the gentlewoman yields back. the gentleman from kentucky. mr. yarmuth: i yield two minutes to the gentleman from new york, mr. jeffries. the speaker pro tempore: the gentleman is recognized for two minutes. mr. jeffries: i thank the chair for yielding and his leadership. madam speaker, we are once again getting big things done for every day americans. we passed the american rescue plan, saved the economy, shots in arms and kids back in school. passed the infrastructure investment jobs act to create millions of good paying jobs. we passed gun safety legislation for the first time in 30 years that will save lives. we passed the chips and science act that will bring back domestic manufacturing jobs to the united states of america.
7:59 pm
i rise today in strong sort of the inflation reduction act. another transformative bill brought to you by your friendly neighborhood democratic party. the inflation reduction act will con tront the climate crisis with the urgency of now set our planet on a sustainable trajectory and lower health care costs by strengthening the affordable care act and reducing the deficit by $300 million and use bulk purchasing power to drive down the high costs of prescription drugs. it is a big deal. the inflation reduction act is going to improve the lives of every day americans. we are putting people over politics, fighting to lower costs for safer communities and
8:00 pm
better paying jobs. but my colleagues on the other side of the aisle republicans will oppose this ground-breaking legislation. they rather defend donald trump than defend the american people. vote yes on the inflation reduction act so we can continue to put people over politics. the speaker pro tempore: the gentleman from new york yields back. the gentleman from kin tucky reserves. the gentleman from missouri is recognized. mr.smith: i yield one minute to the gentleman from virginia. the speaker pro tempore: the gentleman is recognized. >> we know the real story. we know what happened a year and a half ago when the so-called american rescue plan was passed, 40-year high inflation rates resulted. we see now what the result is from the build back better plan. this is the off-spring of build back better.
8:01 pm
even bernie sanders said he can't say this will reduce inflation. we know instead of fostering american energy independence and reducing inflation, this bill includes $16.5 billion in higher taxes. 38 billion in new taxes on american oil and gas producers which will be passed along to consumers. and $480 billion in tax hikes that will hit workers through slashed wages. half is green new deal, special interest funding and subsidies on electric vehicle purchases, 80 billion to double the size of the i.r.s. the speaker pro tempore: the gentleman's time has expired. >> i urge a no vote. the speaker pro tempore: the gentleman yields back the balance of his time the gentleman from missouri reserves. the gentleman from kentucky is recognized. mr. yarmuth: i yield one minute
8:02 pm
to the the gentlewoman from new york, mrs. maloney. the speaker pro tempore: the gentlewoman from new york is recognized. mrs. maloney: i rise in strong, strong support of this transformational reduction bill. let me tell you, i would like to revise and extend my remarks. my committee conducted a three-year investigation to support the need for this bill's reforms to curb the drug's industry outrageous practices and make prescription drugs more affordable for taxpayers. these reforms include medicare toe reduce prices for certain drugs a step long overdue. my committee's investigation into the fossil fuel industry showed that big oil is refusing to take steps to cut emissions even though burning fossil fuels
8:03 pm
is the driver of a climate crisis. this bill will bring down emissions from fossil fuels helping our environment. i have championed other provisions in this bill including historic investment of $3 billion to electrify the postal service delivery fleet and row place dozens of gas gasesling trucks helping our environment. i'm honored to cast my vote for this reduction act today. i yield back. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from missouri. mr.smith: i yield one minute to the gentleman from iowa. the speaker pro tempore: the gentleman is recognized for one minute. >> thank you ranking member smith. i'm highly offended by the use of the foul language by my democratic colleague. i rise in strong opposition to the democrats inflation act. this bill is full of liberal
8:04 pm
priorities that will fuel inflation raise taxes on hard-working families and create an army of 87,000 agents that will go after our families and small business. they claim only large corporations will be the target. that is false. families and small businesses who don't have time or the resources will undergo evasive audits and bear the brunts of these i.r.s. agents and will super charge the green new deal without making our country energy independent again. they would import dirty oil from venezuela. sadly that's a state of today's democratic party failed liberal agenda. the speaker pro tempore: the gentleman's time has expired. the gentleman yields back the balance of his time the gentleman from missouri reserves. the gentleman from kentucky.
8:05 pm
mr. yarmuth: i yield one minute to the gentleman from virginia, the chairman of the education and labor committee and a member of the budget committee, mr. scott. the speaker pro tempore: the gentleman is recognized for one minute. mr. scott: with the passage of this bill medicare will be able to negotiate for lower drug prices. the bill sends the american rescue plan reduction in the cost of insurance under the affordable care act, which has helped us reach the and large investments to address climate change. impleased with the bill's provisions to turbo charge the development of offshore wind. i'm encouraged by the permanent extension of the black lung excise tax. the extension will fund future benefits for miners in west virginia who are suffering from black lung disease and extending the tax will protect the
8:06 pm
sustainability of the black lung disability trust fund and the coal industry doesn't shift benefits. all of this while at the same time reducing the federal deficit. i urge my colleagues to support the legislation. the speaker pro tempore: the gentleman reserve, the gentleman from missouri. mr. smith: i yield one minute to the gentlelady from colorado. the speaker pro tempore: the gentlelady is recognized for one minute. mrs. boebert: insanity is doing the same thing repeatedly and expecting a different result. that makes the supporters of this legislation by definition insane. reckless spending in this town is what causes inflation and we cannot continue to increase taxes on the american people and put a target on american energy production while spending a historic $370 billion on green new deal initiatives and expect
8:07 pm
to lower inflation and improve our economy. remember that so-called bipartisan infrastructure bill? yeah, we spent $200 billion on green new deal niche tyes. i guess that was just a down payment on this never-ending theft of american tax dollars. we are sacrificing -- you are sacrificing american families at the altar of climate change. mr. speaker, isn't it so? joe biden hymn said inflation rates is at 0%. so what the heck are we doing here? why are we passing this so-called inflation reduction act if it's at 0%. in fact it's the inflation enhancement act. the speaker pro tempore: the gentlewoman's time has expired. mrs. boebert: this is just another con game by the dems calling something one thing and saying another. this is making the i.r.s. -- the speaker pro tempore: the jerusalem's time has expired. the gentlewoman is no longer recognized. the gentleman from missouri reserves.
8:08 pm
the gentlewoman is no longer recognized. her time has expired. the gentleman from missouri reserves. mr. yarmuth: i yield 30 seconds to the gentlelady from colorado. the speaker pro tempore: the gentlewoman is recognized for 30 seconds. mrs. boebert: this bill hires 87,000 new i.r.s. agents and they are armed and the job description tells them that they need to be required to carry a firearm and expect to use deadly force if necessary. excessive taxation is theft and the chairman said we are using the power of the federal government in this bill. you're darn right you are. you're using the power of the federal government for armed robbery. on the taxpayers. i can only see why this was rushed but committee and put on the floor. the speaker pro tempore: the jerusalem's time has expire. the gentlewoman's time has expired. she is no longer recognized. the gentleman from missouri reserves. the gentleman from kentucky is recognized. mr. yarmuth: i will say in
8:09 pm
response to the gentlewoman from colorado, this is typical of what the republicans are doing. first of all they're making up numbers. there's nowhere anywhere that says 87,000 new i.r.s. agents will be hired in this bill. that's a totally fabricated number. and the idea that they're armed, i know mrs. boebert would like everyone to be armed as they are in her restaurant but that's not what i.r.s. agents do. i would implore my republican colleagues to co out -- cut out the scare tactics, quit making things up and debate the substance of this bill. i now yield one minute though gentleman from california, distinguished member of the budget committee, mr. peters. the speaker pro tempore: the gentleman is recognize for one minute. mr. peters: thank you, mr. speaker. today we write a bold new chapter in our history by passing the inflation reduction act which will substantially low they are cost of living for san diegoians and all americans. we are turn turning our climate ambition into a climate action. by reducing methane flat to
8:10 pm
reduce harmful emissions and funding wildfire resiliency efforts and clean energy infrastructure. together these will cut greenhouse gas emissions by 40% by 2030 and create 1.5 million good-paying jobs. this legislation is also the largest down payment in deficit reduction since i've served in congress. importantly the drug pricing reform framework i helped author will help seniors at the drug counter protect private sector innovation and has earned enough votes to pass the senate. the inflation reduction act is a historic measure and after months of negotiations and hard work let's finally get this done. vote yes. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from missouri is recognized. mr. smith: thank you, mr. speaker. i ask unanimous consent to insert into the record notice from the congressional budget office we received just this morning as a matter of fact, yes the bill in front of us and the numbers it claims does include
8:11 pm
additional audits on individuals making less than $400,000 a year and i yield one and a half minutes. the speaker pro tempore: without objection the document is admitted. the gentleman is now recognized from california for one minute. one and a half minutes. >> mr. speaker, the democrats printed and spent trillions of dollars we didn't have and they unleashed the worst inflation in 40 years. they waged war on capitalism and the energy industry and produced an economic recession. now they're doubling down on these foolish policies. the more some people invest in their mistakes the less willing they are to admit them. they are adding 87,000 new i.r.s. ages larger than the entire population of flint, michigan, in order to check $200 billion in new taxes. mr. mcclintock: mostly from middle class families and shop keepers who don't have the resources to contest expensive audits. they're adding $300 billion in new corporate taxes which will
8:12 pm
be passed ton families as higher prices, lower wages and lower returns. all of this to give away three quarters of a trillion dollars more of your earnings to their green energy cronies and other political supporters. that averages about $6,000 per household. just as you cannot drink yourself soap eric you cannot spend your way out of inflation. or tax yourself out of recession. or borrow your way out of debt. yet that's exactly what the democrats claim they can do. what makes them think socialism will work any better here than every where else in the world it's beforen it's ever been tried in this take ours country further into a dismal future and only more suffering and poverty will come of it. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from missouri reserves. the gentleman from kentucky second niced. mr. yarmuth: i yield one minute to the gentleman from michigan, a distinguished member of the budget committee, mr. kildee.
8:13 pm
the speaker pro tempore: the gentleman is recognized for one minute. mr. kildee: thank you, mr. speaker. i thank the chairman for yielding. i rise in support of the inflation reduction act to help fight inflation and lower costs for the michigan families and seniors that i represent. with this bill, we'll be able to lower health care costs for michigan families and seniors. this bill will i allow medicare to negotiate the cost of prescription drugs including capping the cost of insulin for seniors at $35 a month. with this bill we'll create good paying jobs to combat the climate crisis. this bill will invest in domestic clean energy production and manufacturing facilities to lower costs. it will support making solar panels at companies like hemlock semiconductor and electric vehicles in michigan not china. with this bill that's fully paid for we'll ensure the biggest corporations and the wealthiest individuals pay their fair share of taxes. right now, 55 of the nation's
8:14 pm
biggest corporations pay zero in federal taxes while making billions in profits. a flint nurse, a sag now farm orer a bay city teacher should not pay more in taxes than the largest, wealthiest, most profitable corporations. i support this legislation and i yield back. the speaker pro tempore: the gentleman from michigan yields back. the gentleman from kentucky reserves. the gentleman from missouri is recognized. mr. smith: thank you, mr. speaker. i ask unanimous consent to submit a letter from the nonpartisan congressional budget office which confirms that this bill will raise the cost of new prescription drugs for all americans. the speaker pro tempore: without objection. mr. smith: thank you. mr. speaker, i yield one minute to the gentleman from virginia. the speaker pro tempore: the gentleman from virginia is recognized for one minute. >> thank you, mr. speaker. the democrats are determined to make inflation worse by continuing their disastrous policies that caused it in the first place. do they not understand the concept of pouring gas on a fire? beyond the reckless spending of nearly another trillion dollars on top of the $30 trillion
8:15 pm
national debt, there is no clay mat crisis. it is a hoax. this is the one crisis that even democrats couldn't create. they've been crying about the climate sky falling for 40 years now, predicting the world would end in 12 years. it is a lie. we're the cleanest, large energy producer in the world and fossil fuels are a wonderful thing. mr. good: they are essential to our economic and national security. worse yet, democrats want to spend $80 billion to hire 87,000 more armed i.r.s. agents to terrorize americans with 1.2 million more audits of hardworking taxpayers no one in my district has ever told me the one thing we need are more i.r.s. agents. the american people will vote against this bill on november 8. i yield back. the speaker pro tempore: the gentleman yield back. the gentleman from missouri reserves. the gentleman from kentucky is recognized. mr. yarmuth: just heard the big lie a couple more times ab87,000
8:16 pm
more i.r.s. agents that will be arm. that's total bunk, nonsense, the republicans should stop it and tell the truth. we were informed just last week, the commissioner of the i.r.s., an appointee of former president trump, that audits would not increase for anybody making under $400,000 a year. i now yield one minute to the gentlewoman from washington, a distinguished member of the budget committee, ms. jayapal. the speaker pro tempore: the gentlewoman is recognized for one minute. ms. jayapal: thank you, mr. speaker. today, democrats will take unprecedented and urgent action when we pass the inflation reduction act. today we make good on our promise to take on climate change and climate justice. with historic investments in green technologies that will cut carbon emissions by 40% by 2030, create over nine million good
8:17 pm
jobs, put $60 billion into environmental justice and cut energy costs for the average american family by almost $1,000 a year. and also for the first time we take on big pharma's price gouging, finally allowing medicare to negotiate lower prescription drug prices, capping the cost of inlynn and continuing to make health care more affordable. and all of it is paid for with taxes on the largest corporations and the wealthiest. we've got more to do to complete the rest of the president's agenda on child care, senior care, expanding medicare and investing in housing. and with a few more democrats in the senate we will get that done too but today let's celebrate this massive investment for the people, people over politics, let's pass this bill. the speaker pro tempore: the gentlewoman's time has expired. the gentleman from kentucky reserves. the gentleman from missouri is recognized. mr. smith: thank you, mr. speaker. i appreciate the gentlelady from washington state and i would just like to point out by doubling the size of the i.r.s.,
8:18 pm
and adding 87,000 new i.r.s. agents, that will result in more than 20,000 of her families in washington state who make less than $20,000 a year that will be receiving audits. i would like to yield 1.5 mines to the gentleman from wisconsin. the speaker pro tempore: the gentleman is recognized for one one and a half minutes. mr. grothman the -- mr. grothman: the 87,000 figure is reasonable given the number, sit exact? it may be 86,500, i don't know. it's that many more people monitoring americans an anyone who wants a free society should be afraid of that. secondly it means with 86,500 people poking around small business it means that much more accountant time that has to be paid for by small bidses that many, many more lawyers hired by small businesses.
8:19 pm
it's an accountant and legal make work program. auditing on this scale will really change the amount of time you have to deal with this. but other things. you're getting around the good, i'm very disappointed, the good provision you had with regard to carried interest. you were finally going after some of the billionaires of this country. i wish you wouldn't have caved in to the senate and removed that provision, that was a very good thing. next you have way too much corporate welfare, $134 billion in tax credits for so-called favored green industries. but what is it? it's that much more businesses dependent upon government and their way to make money is not by providing something the american citizens wants, they're making money because of tax credits they've been given by congress. otherwise the bill is filled with other big spending as well. 22% upper and bureau of indian affairs. 22%. at a time when we are choking on
8:20 pm
inflation because of excessive government spending but it's one more spending program to put in here. thank you. the speaker pro tempore: members are reminded to direct comments to the chair. the gentleman from missouri reserves. the gentleman from kentucky is recognized mr. yarmuth: i am proud to yield one minute the gentlewoman from california, kiss ting wished member of the budget committee, ms. lee. the speaker pro tempore: the gentlewoman is recognized for one minute. ms. lee: thank you very much, mr. speaker. i rise today to support the inflation reduction act of 2022 and i want to thank the chair for yielding time. and your leadership. this historic bill puts people over politics by lowering the cost of living, like health care, creating good-paying jobs and ensuring that the wealthy and corporations pay their fair share of taxes. we know that lower income communities and communities of color face the brunt of pollution and climate change this bill makes the single largest investment in combating climate change and works to reduce carbon pollution by 40% by 2030. we still have a lot ahead
8:21 pm
though. much more work to do. like fighting for investments that have deep impacts on communities of color such as house, the child tax credit, investments in our care and economy, universal child care and insulin cuts beyond medicare which disproportionately impacts people of color. make no mistake this bill will make and impact on our families and planet. it's a shame and disgrace republicans won't vote for this bill. but this bill helps republican constituents also. i'm so proud to vote for this bill for the speaker pro tempore: the gentlewoman from california yield back. the gentleman from kentucky reserves. the gentleman from missouri. mr.smith: i unanimous consent to smith notice from 230 economists that say this bill would increase inflation. and i yield one minute to the gentleman from florida. the speaker pro tempore: the gentleman from florida is recognized for one minute.
8:22 pm
>> this bill will increase the cost of energy on hard-working americans in the united states. this bill calls for a doubling of the excise tax on oil and on gas, doubling of the royalties ole oil and gas. i was in my district with americans for prosperity at the true cost of washington event where they brought down the price of gasoline to $2.38 the price it was before joe biden took office. i have families crying because they can put gas in their car and a food on their dinner table on that day. they lecture putting people over politics, that is a joke and lie. these tax increases on oil and gas will only hurt poor families, i don't care if you are in seattle washington or
8:23 pm
miami, florida, you can be in chicago or san francisco, california, those tax increases help the poor amongst us. vote no on this bill. the speaker pro tempore: the gentleman yields back the balance of his time the gentleman from missouri reserves. the gentleman from kentucky is recognized. mr. yarmuth: i yield one minute to the the gentlewoman from texas, ms. jackson lee. the speaker pro tempore: the gentlewoman from texas is recognized for one minute. ms. jackson lee: mr. speaker, i want to dispel the myths of the smoking mirrors that is flaming up across the way with my friend. do they not recognize the opportunity that we have for reducing the costs of health care with subsidies so working families can get the affordable care act or i'm delighted there is a cap on insulin. we are going to get those in plieft insurance as well. and let's tell the truth about taxes. no taxes on those making
8:24 pm
$400,000 or less but getting $160 billion in the top 1% that have refused to pay their fair share. what is this folder? these are letters from communities about concrete batch facilities put in neighborhoods of african-americans. this legislation, $60 billion will help save these people who have been living in their homes and losing their homes because environmental toxins like a concrete batch facility gets in your faibd and creates diseases, asthma, parks you can't play in. i support this legislation. why? because it is for the working people of america. the speaker pro tempore: the gentleman from missouri is recognized. mr.smith: i point out by doubling the size of the i.r.s. working people of america,
8:25 pm
85,000 more families in the state of texas will face additional audits. these families who make less than $200,000 because of doubling of the i.r.s. i yield one minute to the gentleman from texas. the speaker pro tempore: the gentleman is recognized for one minute. mr. burgess: i thank the gentleman from missouri for yielding. we are hearing this bill is a tax cut but only applies if you sign up for boark boark -- owe bomba care. this bill is a tax increase over $10.5 billion for those making under $200,000 a year. there is 80 billion dollars in this bill will increase audits on low and middle-income earners when the best c.p.a. firms
8:26 pm
cannot find employees. i tried to get an amendment that would require all of these new hires at least be c.p.a.'s. this was rejected by every democrat on the rules committee. they are coming after you with poorly trained technicians and it's just not right. i yield back. the speaker pro tempore: the gentleman from missouri reserves. the gentleman from kentucky. mr. yarmuth: i yield one minute to the the gentlewoman from florida, ms. wasserman schultz. ms. wasserman schultz: i thank the gentleman for yielding and i rise to support legislation that delivers relief to every kitchen table across the country. this will save our planet. in my home state the inflation reduction act gives security and peace of mind to millions of seniors and caps out of pocket prescription costs and insulin costs and finally allows
8:27 pm
medicare to negotiate prescription drug prices. millions will be financially secure by lowering premiums for americans through the affordable care act health care policies and slash energy costs and work to stop our warming planet from stealing tear grandchildren's future. this is our biggest shot by speeding up cleaning energy transmissions. the inflation reduction act makes corporations pay their fair share, reducing the deficit and no one who makes less than $400,000 will pay one penny more. this is game changer and i urge my colleagues to pass this legislation and i yield become. the speaker pro tempore: the gentleman from kentucky reserves and the gentleman from missouri is recognized. mr.smith: i yield one minute to the gentleman from pennsylvania. the speaker pro tempore: the gentleman from pennsylvania is
8:28 pm
recognized. >> what a time to raise taxes and spend a trillion dollars more. food inflation is up 12 poib 9%. gas is up 49%. what will families get instead of relief, $10.6 billion and more audited by the i.r.s. the chairman has disputed this 87,000 new agents and i ask him to read page 37 of the bill, which provides for 45 -- $45 billion for the i.r.s. and ask if he will dispute that. where does he think $45 billion is going to go? we know the i.r.s. needs a lot of help. 14 times more dollars going towards enforcement than to help
8:29 pm
them do their job. they are insisting this bill will not raise taxes on small businesses or households with income under $400,000. mr.smith: i yield 15 seconds. >> yet during the rules committee debate, a ways and means committee member admitted that americans will see a tax increase and citing an analysis from j.c.t. this bill is not a plan to address inflation. i yield back. the speaker pro tempore: the gentleman from kentucky is recognized. mr. yarmuth: i want to clarify one thing. it seems to me that republicans don't want people to pay taxes even if they are owed. we know there are hundreds of billions of dollars of owed and not paid taxes in this country every year and this is an
8:30 pm
amendment to try and recover some of that money that is owed and not being paid by the taxpayers who are in many cases cheating. i.r.s. has made no decisions or no announcements regarding potential hiring plans under this bill. and as i said before the commissioner of the i.r.s. said they are not going to increase audits for people under $400,000. this money will help service the legitimate lawful taxpayers and making the i.r.s. more responsive and upgrading equipment which is now 50 or 60 years old. they can continue with this claim that we are going to go after taxpayers with armed i.r.s. agents and i foe that republicans would like to arm every tax agent like they want to arm everybody in this country, but that's nonsense.
8:31 pm
i yield yield to the gentleman from california. mr. khanna: i want to thank the chairman for his leadership in passing the most historic climate legislation in the history of this nation, in the history of the world. it's appropriate that it would be named after chairman yarmuth after his distinguished service in this congress. but i want to thank the young people out there and environmental activists who had no hope that this body wouldn't do anything and they marched and protested and organized. and they deserve credit for the $369 billion that will build solar wind, that will build electric vehicles. i understand it is only a down payment. i understand there is more work to be done to eliminate fossil fuel subsidies and we don't have
8:32 pm
mandates on oil leasing. but i am proud of the young folks that recognizing getting something big done is better than getting nothing done. this is the first victory and they deserve credit for our passing today. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from missouri is recognized. mr.smith: i point out maybe his staff has not presented to him but the congressionalbudget office this morning, this morning confirmed that people making less than $400,000 a year will face nor audits. you say let the facts be real. the facts from the congressionalbudget office is increasing more audits on people who make less than $400,000 a year. i put it in the record and read it there. i yield one minute to the great gentleman from georgia.
8:33 pm
the speaker pro tempore: the gentleman from georgia is recognized. mr. carter: i rise in opposition to the inflation expansion act which is threatening the same industries which it purports to help. washington democrats championed electric vehicles are pushing a bill, you are pushing this bill that will threaten over $5 billion investment hundred day is making in the first congressional district. this is serious, this is a $5 billion investment. this will be auto makers first dedicated electric manufacturing plant and will create 8,000 jobs. this bill tax credit discriminates against and excludes south korea, a strategic partner and ally of the united states and may violate the trade agreement. this burdensome regulation could prevent billions of investment and electric vehicles from
8:34 pm
coming to market. the answer is clear. we need innovation not regulation. the private sector is leading the charge. you are messing with $5 billion investment, 8,000 jobs, mr. speaker. let me colleagues know. i yield become. the speaker pro tempore: the gentleman from missouri reserves. the gentleman from kentucky is recognized. mr. yarmuth: i yield one minute mr. green. the speaker pro tempore: the gentleman from texas is recognized. mr. green: to my friends across the aisle, where were you when your twice-impeached president was putting billions of dollars in the pockets of the wealthy? you complain about drug prices being reduced for seniors, complain about them having out of pocket costs capped at
8:35 pm
$2,000. i refuse to allow the bill that is good to be defeated by the perfect bill that we will get. i will support the bill and i ask my colleagues do so as well. it's time to take care of our seniors. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time the gentleman from kentucky is recognized. members are reminded to direct their comments to the chair. the gentleman from missouri is recognized. mr.smith: i yield one minute to the gentleman from mississippi. >> i rise today in strong opposition to this destructive piece of legislation. every day i hear from people that they struggle to buy gas and groceries because of the reckless spending instead of acknowledging the impact their spending has had on americans, my colleagues are trying to pass legislation that will increase taxes on americans and spend
8:36 pm
hundreds of billions of taxpayer dollars on far left priorities and pass legislation that will add an army of i.r.s. agents. it's time to acknowledge that the american people are suffering because of legislation exactly like this. the american people are tired of this economic crisis and they have been clear, do not raise taxes, do not add to this recession by more wasteful spending and do not weaponnize the i.r.s. and do not vote for this legislation. this congress must listen to this congress must listen to the american people and defeat this bill. the speaker pro tempore: the gentleman from kentucky is recognized mr. yarmuth: i yield one minute though gentleman from wisconsin, a distinguished member of the appropriations committee, mr. pocan. the speaker pro tempore: the gentleman is recognized for one minute. mr. pocan: global inflation has caused -- caused by reopening due to covid-19 has caused
8:37 pm
increased prices in everything from gasoline to groceries to health care. today we put people over politics as welessen the impact of global inflation on the american people via the inflation reduction act. among the many thick things it does, it addresses some drivers of higher energy costs while investing in u.s.-base red newble energy that will make us more energy independent and less dirty it allows us to negotiate lower prescription drug prices through volume purchasing via medicare while capping out of pocket drug expenses to $2,000 per year we make these big investment by making sure corporations who often game the system pay a minimal share of tax and go after wealthy tax cheats who all too often evaded their responsibilities. i'll gladly vote for this bill today. it's time to stand up to big pharma who make big profits
8:38 pm
while -- i yield back. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from missouri is recognized. mr. smith: i yield one minute to my good friend from florida. the speaker pro tempore: the gentlewoman from florida is recognized for one minute. >> thank you, mr. speaker. i rise today in strong opposition to the inflation expansion act. you know, it feels like groundhog day here on capitol hill because it wasn't but about a year ago we found ourselveses debating almost this very same legislation. it was a bad idea then, it's a bad idea now and even bernie sanders isn't buying this bill. and has said it won't do much to reduce inflation. the only difference here really is the price tag from a year ago. $745 billion in new spending? that's not cheap you know what we could do with that? you could give every single working mom in america a check for $96,000. you could give hardworking american seniors who are retired but having to go back to work, you could give them $14,000. you could give every homeless veteran in america a check for
8:39 pm
$5.6 million. with this bill. mrs. cammack: instead we're going to double the size of the i.r.s. and target hardworking families who make $400,000 or less. we know it to be a fact. the senate democrats rephysessed and rejected the amendment that would have protected families making $400,000 or less. put americans first. it is time to vote hell no i yield back. the speaker pro tempore: the gentleman reserves. the gentleman from kentucky is recognized. mr. yarmuth: i yield one minute to the gentleman from texas a distinguished member of the transportation and infrastructure committee, mr. allred. the speaker pro tempore: the gentleman is recognized for one when. -- for one minute. mr. yawl red: i rise in support of the inflation reduction act. for too long congress has refused to act while seniors like my mom, a breast cancer survivor, endured bryce gouging on their medicines while on medicare. we're going to stand up to big
8:40 pm
pharma and cap out of pocket costs at $2,000 as well as capping the cost of insulin. fore long congress refies fuse address the climate crisis and today democrats are changing that through the largest ever investment to fight climate change. it unleashes american and texas-made clean energy while creating nine million jobs. thanks to president biden and democrats in congress this will impact our nation for generations to come while reducing the deficit and without raising taxes on folks making less than $400,000 a year. it's a big deal and i cannot wait to vote yes for it. i encourage my colleagues to do the same. thank you and i yield back. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from missouri is recognized mr. smith: i yield one and a half maines to -- minutes to my good friend from louisiana, mr. graves. the speaker pro tempore: the gentleman recognized for 1 1/2 minutes. mr. graves: thank you, mr. speaker. i want to thank the gentleman for yielding. let's be clear. everybody in this chamber supports lowering prescription drug costs, lowering outrageous
8:41 pm
costs that all of our constituents are paying across the country. we all support clean, affordable energy and access to those resources. and we all support loweringering inflation. the difference is where the credibility gap exists is that the very problems, the very crises that our country is experiencing today were cause by the biden administration's policies. we went from in my hometown $1. 0 a gallon gasoline i recently paid $4.20678 we've seen a tripling of natural gas costs. their own policies have caused this. nearly a quarter of all americans today can't even afford to pay their electricity bills. the biden administration policies have caused record inflation. making americans unable to even afford grocery costs. the biden admini administration policies have ruled in higher emissions, not lower i missions as compared to the previous administrations and the biden administration policies have resulted in this president going
8:42 pm
to countries like saudi arabia and asking them for energy while telling americans we condition produce. mr. speaker, i can't help but reminisce other jack abramoff, a disgraced lobbyist convicted who created problems then charged clients to fix them. the difference is, between this bill and jack abramoff, is that jack agramoff -- jack abramoff fixed the problems for his clients. they caused the problems and we're being asked to trust them to fix. we can't. oppose this legislation. the speaker pro tempore: the gentleman from kentucky is recognized mr. yarmuth: i now yield one minute to the gentleman from louisiana, a distinguished member of the transportation and infrastructure committee, mr. carte. the speaker pro tempore: the gentleman is recognized for one minute mr. carter: thank you. mr. chairman, thank you very much. far too many things in life just aren't fair. however, one thing should, frankly, always be fair. and that's taxes. what should always be fair is access to insulin. access to clean emergency.
8:43 pm
rand leaf from the raging energy costs we see across our country this historic inflation reduction act is fully paid for by requiring the biggest corporations and the ultra wealthy to pay their fair share. it does so without any new taxes on small businesses or those making under $400,000. i said $400,000. we can achief this goal by strengthening i.r.s. enforcement against wealthy tax cheat, closing tax loop -- tax loopholes exploited by the wealthiest few, 150 massive corporations. in opposing these provisions my republican colleagues are sadly aligning themselves with mega corporations and the ultra wealthy and turning their backs on the american people. i'm proud that this bill democrats are once again putting people over politics, fighting
8:44 pm
for the american people. the speaker pro tempore: the time has expired. mr. carter: i urge support, i yield back. the speaker pro tempore: the gentleman from missouri is recognized mr. smith: i ask unanimous consent to submit analysis if the nonpartisan joint committee on taxation which confirms that the bill increases taxes by $10.6 billion on individuals making under $200,000 in 2023 and increases taxes by $32.6 billion across all incomes. the speaker pro tempore: without objection, so ordered. the gentleman -- mr. smith: i yield one minute to the good gentleman from pennsylvania. the speaker pro tempore: the gentleman is recognized for one minute. >> i thank the ranking member. the american people are sick and tired of runaway government promises of how excessive spend, tax increases and green new deal special interest investments are going to make their lives better and reduce inflation. we are here today in this chamber to raise taxes on the american people, hire 87,000 new
8:45 pm
i.r.s. auditors forever mr and pass over a half trillion in government spending all in the name of inflation reduction act? mr. speaker is this some sort of joke? do we actually think the american people believe that? they don't. and by the way, regarding the $400,000 less, won't get taxed, if a pass-through business makes 400k and the partners pay themselves 100,000 each they'll fall under, under the audit initiative by this -- by the i.r.s. as well the projections for the i.r.s. hiring do not count into you only taxing those over 400k the whole thing was made up to -- um, to -- to make it sound better than it is. the speaker pro tempore: the gentleman's time has expired. the gentleman from missouri reserves. the gentleman from kentucky is recognized mr. yarmuth: i'm pleased to yield one and a half minutes to
8:46 pm
the gentleman from nevada distinguished member of the budget committee, mr. horsford. the speaker pro tempore: the gentleman is recognized for one and a half minutes. mr. horsford: zhang, mr. speaker. -- thank you, mr. speaker. and to the chairmaning thank you for yielding. i will cast my vote to lower the cost of prescription drugs and make big corporations pay their fair share in taxes while putting people over politics. mr. speaker, my colleagues on the other side of the aisle love to rant about fiscal responsibility. but the facts are clear. every time a republican president and congressional majority conclude for their corporate friends and rich elite our deficits soar. it's up to democrats to clean up that miss. in this inflation reduction act is a historic down payment on deficit reduction of approximately $300 billion to fight inflation. for years, nevadans have seen their cost of living rise while my republican colleagues across the aisle have focused on giving
8:47 pm
away tax cuts for the wealthy. well, today we vote for seniors in my district and across america who want one thing from congress right now and that is to lower prescription drug prices. so today we will cast our votes to pass the inflation reduction act because it includes an important provision to cap out of pocket drug costs at $2,000 for seniors and caps insulin costs at $35 a month for seniors and individuals with disabilities. and finally the inflation reduction act includes a historic step to combat the climate crisis including $4 billion to states like nevada to combat the effects of the two decades long western drought. i urge this body to pass this legislation. the speaker pro tempore: the gentleman's time has expire. mr. horsford: putting people over politics. the speaker: the gentleman yield back the yell from kentucky reserves. the gentleman from missouri is recognized mr. smith: i'd like to point out
8:48 pm
to the gentleman from nevada that since joe biden's taken the oath of office his reckless spending has led to an inflation crisis that has cost his families in nevada $,700 per family. i'd like to yield one minute to the great gentleman from ohio. the speaker pro tempore: the gentleman from ohio is recognized for one minute. >> mr. speaker, americans are in the midst of a recession and the worst inflation in over 40 years. yet my friends across the aisle are set to pass $745 billion in spending bill that will raise taxes, fund the green new deal initiatives, and hire 87,000 i.r.s. agents to target americans. all this while doing nothing to reduce inflation and adding over $146 billion in debt. now they say it won't raise taxes or it's on people make less than $400,000. but the joint committee on taxation said at least half of
8:49 pm
all new tax revenue raised will come from those earning under $400,000. mr. carey: probably the biggest thing for me is the 8,000 new -- 87,000 new i.r.s. agents. to folks back in ohio i want to put this in a way that you can understand. that is 10,000 more people than live in the city of parma. that's 17,000 more people than live in the city of canton. 23,000 more than youngstown. the speaker pro tempore: the gentleman's time has expired. mr. carey: this is not the inflation reduction act it's the audit america act. the speaker pro tempore: the gentleman from missouri reserves. the gentleman from kentucky is recognized mr. yarmuth: i want to respond one more time about the cliesms 7,000 new i.r.s. agents. the i.r.s. never made any announcements about plans to add any number of agents and the "washington post" fact checker gave that claim three by folk
8:50 pm
ios. -- three pinocchios. this is the republicans making things up to scare people. i yield to the gentlelady from virginia, ms. spanberger. the speaker pro tempore: the gentleman is reck -- the gentlelady is recognized. ms. spanberger: i'm proud to rise in support of the inflation reduction act. as chair of the conservation and forestry subcommittee i'm excited this bill includes dedicated funding to further the role of virginia's crop and livestock producers. in our work to protect our planet. farmers are the original conservationists and their expertise cannot be ignored if we are going to meet our shared climate goals while also bringing greater investments to rural america, strerptenning our farmers' bottom lines and lowering the cost of inputs. we can make investments in our nation's producers by investing in existing voluntary conservation programs at usda and that's what this legislation does. i'm proud that the conservation
8:51 pm
provisions in this bill reflect multiple pieces of legislation that i have championed to make possible including my bipartisan reap improvement act. these prov provision include str investments in rural energy for america program, or reap, and support our conservation work force and national resources conservation service. these are smart investments for the bottom lines of our farmers. i yield the balance of my time. the speaker pro tempore: the gentlewoman yields back. the gentleman the speaker pro tempore: the gentleman from missouri. mr.smith: the gentleman reserves. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from ken particulary. mr. yarmuth: i yield one minute to the gentleman from new york, mr. jones. the speaker pro tempore: the gentleman is recognized. mr. jones: i'm proud to stand in this chamber as we make history for the american people. americans fought for so long to get to this moment when it was
8:52 pm
described as insurmountable. we never relented and said we wanted to get back to the goibt intable and wanted to start with climate and will make the biggest investment while creating millions of good paying jobs. the stakes couldn't be higher in communities of color who are always the hardest hit. this legislation is for my grandmother alice jones paid for the high cost of prescription drugs not fully covered by medicare. we will lower prescription drug prices for our seniors. this is why i ran for congress. this is government working for the people. this is democrats delivering on our promises. i yield. the speaker pro tempore: the gentleman from missouri is recognized. mr.smith: i yield one minute to the gentleman from california. the speaker pro tempore: the gentleman from california is recognized for one minute.
8:53 pm
>> new data from the department of economic development that unemployment remains at a high. the reasons why americans are suffering from this inflation is reckless levels of deficit spending by our federal government. so only the united states congress could respond to the situation with a bill that increases federal spending by over $700 billion at the same time it increases taxes on americans. to add insult to injury, our own congressionalbudget office as well as the university of pennsylvania wharton school of business and hundreds of economists that this so-called inflation reduction act will not reduce inflation at all. we need to solve the reckless spending that is causing this
8:54 pm
instead of taking action that makes the situation even worse. i urge a no vote. the speaker pro tempore: the gentleman from kentucky is recognized. mr. yarmuth: i now yield one minute to the the gentlewoman from north carolina, distinguished hem of the judiciary committee, ms. ross. ms. ross: i rise to support the inflation reduction act. this bill is a monumental cheevment that will move america forward making important advances in everything from health care costs to energy prices to tax fairness. coming from north carolina, a state hit by catastropheic storms, this act represents the most significant investment to combat climate change.
8:55 pm
this bill includes a measure that i have championed, which will send -- will end the prior moratorium on offshore wind. the trump administration basically banned north carolina from taking advantage of industrial scale offshore wind. our utilities support it. it is good for our economy and it's good for our environment. this is an important game changing bill. thank you and i yield back. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from missouri is recognized. mr.smith: i yield one minute to the gentleman from georgia who has his experiences with the i.r.s. the speaker pro tempore: the gentleman is recognized. >> thank you, madam speaker, despite the white house's politically motivated propaganda that claims our economy has zero inflation, we are facing an economic situation and battling
8:56 pm
40-year high inflation. as americans struggle to buy groceries, pay utility bills and pay rent, they are ram, inc. this bill that will make life worse. now i know the left can't quite grasp high school biology but appears they need a lesson on fundamentals and basic math. but i don't think they are interested because their actions are intentional. time and time again the left lies with big government socialism. and they are willing to to demolish small businesses, worker. reject fueling inflation and reject tax hikes by voting no on democrats' build back broke bill. i yield back. the speaker pro tempore: the gentleman from missouri reserves. the gentleman from kentucky re--
8:57 pm
is recognized. the speaker pro tempore: the gentleman from missouri is recognized. mr.smith: i yield to the gentleman from texas. >> tax increases for the average american, check. $80 billion to the internal revenue service to hire agents, jobs already posted, check. increase like that prices, increase gas prices and tilted windmills with your tilted energy policies, check. increase government and corporate control of health care, check. i hear my colleagues talk about, we are going to go after phrma, what did the c.d.c. yesterday say, don't worry about the mandates or the vaccines or the quarantines, sorry. my colleagues now today are going to dump hundreds of
8:58 pm
billions into corporate america screwing over the american people every single day with tax audits, increased energy prices and increased taxes. congratulations. take that to the polls. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from kentucky is recognized. mr. yarmuth: i have no more speakers and am prepared to close whenever the ranking member is. the speaker pro tempore: the gentleman from missouri is recognized. mr.smith: could you tell us how much time we have? mr.smith: -- the speaker pro tempore: the gentleman has one minute. mr.smith: the cleution to the inflation crisis that the democrats have set forward is to spend hundreds of billions of more dollars and to tax all hard-working americans once again. you cannot spend your way out of inflation and cannot tax your way out of recession, but that
8:59 pm
is the recipe that the one party democrat rule in washington, d.c. is suggesting for the hard-working americans who are barely surviving. i would like to point out to the chairman that his president's budget outlines an additional $80 billion for the i.r.s. and highlighted in that budget, he wanted 87,000 i.r.s. agents, that is the number coming from your president who presented the budget. we never had a hearing on the budget for the last 3 1/2 years and why you didn't know 87,000 auditors are being hired. the speaker pro tempore: the time of the gentleman has expired. the gentleman from kentucky is recognized and has three minutes remaining. mr. yarmuth: i yield hice the balance of my time. i remind my colleagues and the
9:00 pm
american people what republicans will be voting against today. they will be voting against cutting prescription drug prices for their constituents, voting against come about thing tin flags and lowering energy costs. they will be voting against the largest federal investment dealing with climate crisis in the history of this country and i cannot believe and i still heard from the other side the hoax comment, climate change is a hoax. you would think of what is going on in the world, while i watch what is going on in my state, when my citizens in eastern kentucky were devastated by historic floods, when my citizens in western kentucky were devastated by historic tornadoes. all of this exacerbated by climate change. there are still people that deny that climate change exists. but for the first time in this
9:01 pm
country, we will show true leadership to the world that we are taking action and we are going to lead the world in combatting climate change. and the gentleman from texas said, democrats own this bill. yes, we do. proud of it. i don't know one member of the democratic caucus who is not thrilled to death today that we are doing what we are doing, because the vast majority of the american people support what we are doing. the vast majority want to on cap out of pocket expenses for seniors at $2,000. republicans say no. they are going to vote against it caps at $35 co-pay. tens of millions of americans will benefit from that. we know that five former treasury secretaries from both democratic and republican administrations, 126 top
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
53 Views
IN COLLECTIONS
CSPANUploaded by TV Archive on
