REMINDER: Every Single Republican Voted Against Lowering Costs for Americans
September 13, 2022
One month after President Joe Biden signed into law the historic Inflation Reduction Act, one fact remains true: every single House and Senate Republican voted against lowering prescription drug costs, going after tax cheats, and reducing the federal deficit.
That’s right: every single congressional Republican sided with Big Pharma over the American people — and 43 Senate Republicans actually went out of their way to strip out a $35 cap on out-of-pocket insulin costs for millions of Americans.
Washington Post: “Republicans block cap on insulin costs for millions of patients”
NBC News: “The axing of the insulin cap provision… leave[s] millions of people scrambling to cover exorbitant out-of-pocket prices for the diabetes medication.”
The Inflation Reduction Act is driving down costs by allowing Medicare to directly negotiate the price of prescription drugs for the first time, but still not one GOP lawmaker acted in the interest of working families.
New York Times: “The package would cap the out-of-pocket costs that seniors pay annually for prescription drugs at $2,000, and would ensure that seniors have access to free vaccines.”
CNBC: “Medicare is poised to renegotiate the prices of some of its most expensive drugs through a historic expansion of its power, which could reduce costs for many seniors as well as federal spending on its prescription drug plan.”
Republicans have shown time and again that they would rather protect wealthy tax cheats than bring down the national deficit. But make no mistake: The Inflation Reduction Act ensures that corporations and the ultra-wealthy pay their fair share in taxes. Americans making less than $400,000 a year will not see increased audit rates or higher tax rates.
Associated Press: “Nothing in the bill raises taxes on people earning less than $400,000… There are no individual tax rate increases for anyone in the bill, experts say.”
CNBC: “IRS Commissioner Charles Rettig said the [IRA] funding would not increase audits of households making less than $400,000 per year.”
Even as the Inflation Reduction Act delivers crucial savings to the American people, Republicans have promised to sabotage it if they gain control. Let’s be clear: Republicans’ out-of-touch, extreme plan to ignore working families and pad the pockets of the ultra-wealthy is not what the American people deserve.
Axios: “Republicans are beginning to run ads targeting Democrats’ newly passed $740 billion health care, climate and tax bill…”
While President Joe Biden and congressional Democrats are committed to bringing down costs for working families, Republican lawmakers continue to cozy up to Big Pharma and wealthy tax cheats instead.