Democrats celebrate Inflation Reduction Act of 2022
Though the President Biden signed the Inflation Reduction Act a month ago, Democrats erupted in celebration for the legislation yesterday.
Democratic Party of Guam members, Anthony M. Babauta and Chirag Bhojwani, joined Mainland Democrats in celebrating the Inflation Reduction Act.
In a statement released by the Democratic Party yesterday, they note that “not a single Republican in Congress” voted in favor of the legislation.
The legislation aimed to bring down the price of prescription drugs, health care, and home energy, among other things.
Some benefits to the Act include:
- Capping the amount that senior citizens have to pay for medicine at $2,000 a year.
- Providing rebates that cover 50-100% of the cost for low and moderate income households to install appliances.
- Ensuring that individuals receiving more than $400K in income and large corporations pay the taxes they owe; among other benefits to the Act.
A democratic voice
Babauta expressed that Guam “needs to keep a Democrat as Guam’s voice in Congress.”
He said further, “We need Dr. Judi Won Pat, who can actually get things done.”
The Act reaches its one year mark from being introduced in the U.S. House of Representatives on September 27th.
The legislation only passed into the U.S. Senate in August 2022.
Since the time it was introduced to the time it was signed by President Biden, the Act has seen 121 actions in both the House and the Senate over the course of a year.
You can read the whole statement by the Democratic Party of Guam and a summary of the Act below:09.13.22 Dems Passed Legislation to Lower Costs, GOP Talks About It and Voted No.docx