The Inflation Reduction Act Brings Promise of Critical Economic Relief for Millions of Americans following Senate Passage

FOR IMMEDIATE RELEASE

August 8, 2022

CONTACT:

Jackie Elisa Smith  | 989-576-1996 | jsmith@poderlatinx.org

The Inflation Reduction Act Brings Promise of Critical Economic Relief for Millions of Americans following Senate Passage

WASHINGTON - Yesterday, the United State Senate passed the Inflation Reduction Act of 2022, a landmark piece of legislation committed to the economic, health, and environmental recovery of the United States. The bill slated four major policy areas as priorities: lowering carbon emissions, fighting prescription drug and healthcare costs, investing in domestic energy and manufacturing sources, and initiating a 15% minimum corporate tax. 

Poder Latinx’s Executive Director, Yadira Sanchez, released the following statement following the United States Senate passage of the Inflation Reduction Act of 2022:

“The passage of the Inflation Reduction Act will make a critical difference in the lives of Latinx individuals and communities across the United States- combating carbon emissions by 40% by 2030, lowering prescription drug, healthcare, and energy costs. More affordable prescription drugs, cleaner air, and lower energy bills are going to help the Latinx community through these tough economic times. We additionally look forward to seeing how we can further benefit the livelihood of all Americans by making corporations pay their fair share to improve air and water quality, healthcare access, and energy accessibility. Mending inflation remains the top priority for the Latinx community across the United States as we see costs rise at the gas pump and grocery store and Poder Latinx commends the work of the Senators who organized the passage of this bill without the addition of any harmful anti-immigration amendments. We hope that we will be able to continue working to encourage the House to approve this bill as soon as possible,” said Yadira Sanchez, executive director of Poder Latinx.

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Poder Latinx’s mission is to build a political wave where Latinx communities, immigrants, and people of color are decision-makers in this country’s democracy.