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Ms. VELAZQUEZ. Madam Speaker, I rise in strong support of this historic legislation.
The climate crisis is the single-most important issue facing our future, the future we will all share, Democrats and Republicans.
I understand this is a down payment on climate action and more needs to be done, but let's focus on what this bill does. It lowers the cost of healthcare and prescription drugs. It lowers energy costs and delivers the largest-ever climate action by investing in domestic energy production and manufacturing while reducing carbon emissions by roughly 40 percent by 2030. It lowers the deficit and helps fight inflation by making a historic payment on deficit reduction of $300 billion. We do this by making the biggest corporations and ultrawealthy pay their fair share in taxes.
Enough with the fear-mongering by the other side. Let's get this done on behalf of hardworking families across America.
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