Build Back Better Act

Floor Speech

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Ms. DelBENE. Madam Speaker, Congresswoman Jackie Walorski was a friend, and I send my deepest condolences to her family and the families of Zackery Potts and Emma Thomson.

Madam Speaker, the Inflation Reduction Act is nothing less than historic and shows our constituents that governance can still work for them.

The bill extends the Affordable Care Act insurance subsidies that have saved 13 million Americans an average of $800 a year on health coverage.

It will enable the U.S. to cut greenhouse gas emissions by 40 percent by 2030 through investments like my clean hydrogen provision and make it more affordable for families to purchase energy and cost-saving products like electric vehicles and solar panels.

These are provisions that the New Democrat Coalition and I have been calling for from the beginning. For our seniors, the bill will lower the costs of prescription drugs by allowing Medicare to negotiate lower prices and will cap out-of-pocket drug spending at $2,000 annually. These are tangible benefits for Americans.

The legislation is fully paid for by ensuring corporations pay their fair share and providing the IRS with the resources it needs after decades of Republican-driven budget cuts.

Madam Speaker, I urge my colleagues to support this bill. I remind my colleagues that there are 533,775 Medicare beneficiaries with diabetes in North Carolina, but the gentleman remains against this bill capping insulin costs and Medicare at $35 per month.

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