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How the Inflation Reduction Act Helps Working People

AFL-CIO
30 Aug, 2022
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How the INFLATION REDUCTION ACT Helps Working People


The Inflation Reduction Act is good for working families.

We have more details below, but the bottom line is: It will create union jobs, tax the rich, fight climate change and lower health care costs.

 

If you want details on what else is in this historic bill, keep reading ⤵⤵⤵

 

Health Care

  • 13 million people will save an average of $800 per year on health insurance premiums.
  • Prevents premium hikes for people with Affordable Care Act coverage.

Prescription Drugs

  • Medicare can negotiate prescription drug costs, which can lower costs for millions of people.
  • Caps insulin costs at $35/month for Medicare beneficiaries.

Climate Change

  • Tax credits and rebates for working people making cleaner energy choices like electric vehicles and solar panels.
  • Invests billions of dollars in American manufacturing to create hundreds of thousands of good-paying union jobs.
  • Reduces greenhouse gas emissions by 1 gigaton in 2030.

And don’t forget that we will make sure rich people and large corporations finally pay their fair share of taxes.

 

It’s been a long fight, but we finally did it. To the thousands of working people who came together and delivered this victory: Thank you.

 

Learn more: click here