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August 12, 2022 | H.R.5376

The Inflation Reduction Act (IRA) brings down the cost of healthcare for families and makes historic investments in domestic energy production and manufacturing; all paid for by fixing our tax code so the wealthy and biggest corporations pay their fair share and without raising taxes for people who make under $400,000.



The IRA includes important provisions to lower health care costs and the cost of prescription drugs. Overall, the bill will save millions of seniors over $1,200 per year. Specifically, the law:

  • Empowers Medicare to negotiate directly for the price of the highest cost prescription drugs beginning in 2026, alleviating the high and rising cost of drugs under our retiree health plans;
  • Requires drug manufacturers to pay rebates to Medicare if they raise the cost of their drugs at a rate faster than inflation, ensuring that all our members and retirees are protected from price spikes; 
  • Extends the enhanced ACA premium tax credit for three years, which will prevent 13 million people from experiencing an increase in ACA premium; 
  • Caps Medicare Part D out of pocket cost at $2,000 per year for prescription drugs; and
  • Limits cost for insulin to $35 monthly for Medicare beneficiaries 



The IRA makes historic investments to lower energy costs, revitalize U.S. manufacturing, and support and create good union jobs:

  • Creates nearly 9 million good jobs in clean energy, clean manufacturing and other sectors through investments to accelerate clean energy deployment and boost clean technology manufacturing;
  • Gives up to $7,500 in tax credits for new electric vehicles and $4,000 for used electric vehicles;
  • Will save working families an average of over $500 per year on energy costs, using home energy appliance rebates and tax credits to make homes more energy efficient;
  • Supports and develops the domestic production of sustainable fuel by providing tax credits to airlines who purchase sustainable fuel to help reduce emissions and lower airfare costs; and
  • Provides tax credits for investments in American-manufactured clean energy manufacturing and for the use of American-made equipment for clean energy production. 



The IRA makes the tax code fairer by making the rich and corporations pay their fair share:

  • Institutes a 15% corporate minimum tax, guaranteeing that large profitable corporations that have evaded taxes for years will pay their fair share;
  • Strengthens enforcement against tax dodging by the super-wealthy and big corporations; 
  • Imposes a 1% excise tax on corporate stock buybacks, which corporate executives use to enrich themselves at the expense of workers and the company’s long-term success.

This is Good for working people.

Vote result:

YEAs: 220 | NAYs: 207
Legislator Sort descending State District Party Vote
Rep. Diana DeGette CO 1 Democrat Yes
Rep. Rosa DeLauro CT 3 Democrat Yes
Rep. Suzan K. DelBene WA 1 Democrat Yes
Rep. Val Demings FL 10 Democrat Yes
Rep. Mark DeSaulnier CA 11 Democrat Yes
Rep. Scott DesJarlais TN 4 Republican No
Rep. Ted Deutch FL 22 Democrat Yes
Rep. Mario Diaz-Balart FL 25 Republican No
Rep. Debbie Dingell MI 12 Democrat Yes
Rep. Lloyd Doggett TX 35 Democrat Yes
Rep. Byron Donalds FL 19 Republican No
Rep. Mike Doyle PA 18 Democrat Yes
Rep. Jeffrey Duncan SC 3 Republican No
Rep. Neal Dunn FL 2 Republican No
Rep. Jake Ellzey TX 6 Republican No
Rep. Tom Emmer MN 6 Republican No
Rep. Veronica Escobar TX 16 Democrat Yes
Rep. Anna G. Eshoo CA 18 Democrat Yes
Rep. Adriano Espaillat NY 13 Democrat Yes
Rep. Ron Estes KS 4 Republican No