Hickenlooper, Senate Approve Biggest Climate Rescue Investment in Human History

Press Release

U.S. Senator John Hickenlooper today voted to pass the Inflation Reduction Act, Senate Democrats' bill to address climate change, lower health care costs, and pay down the deficit by making wealthy corporations pay their fair share and taxing stock buybacks.

"The Great Transition is here! This bill is the most comprehensive clean energy initiative we've ever seen," said Hickenlooper. "We'll reduce carbon emissions 40 percent by the end of the decade. We'll save Colorado families hundreds of dollars on their energy bills and health care costs. All while reducing the deficit. America will help lead the planet into a clean energy economy."

The New York Times heralded the Inflation Reduction Act as the "most ambitious climate action undertaken by U.S." The New York Times, Axios, POLITICO, and others reported Democrats and climate advocates credited Hickenlooper with helping the deal coalesce by encouraging Senators Joe Manchin and Chuck Schumer to keep trying despite many giving up on any prospect of an ambitious climate bill this year. CNN also reported on Hickenlooper's efforts to break the logjam and win Senator Kyrsten Sinema's support for the bill.

The Inflation Reduction Act is estimated to save families hundreds on their electricity bills while capping prescription drug costs for seniors, extending a 52 percent reduction in health insurance premiums for many Coloradans, and reducing the deficit to fight inflation.

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