tv U.S. House of Representatives CSPAN August 12, 2022 1:00pm-5:01pm EDT
and that's what this legislation does. i'm proud that the conservation provisions in this bill reflect multiple pieces of legislation that i have championed to make possible including my bipartisan reap improvement act. these prov provision include str investments in rural energy for america program, or reap, and support our conservation work force and national resources conservation service. these are smart investments for the bottom lines of our farmers. i yield the balance of my time. the speaker pro tempore: the gentlewoman yields back. the gentleman the speaker pro tempore: the gentleman from missouri. mr.smith: the gentleman reserves. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from ken particulary. mr. yarmuth: i yield one minute to the gentleman from new york, mr. jones. the speaker pro tempore: the gentleman is recognized. mr. jones: i'm proud to stand in this chamber as we make history for the american people. americans fought for so long to get to this moment when it was
described as insurmountable. we never relented and said we wanted to get back to the goibt intable and wanted to start with climate and will make the biggest investment while creating millions of good paying jobs. the stakes couldn't be higher in communities of color who are always the hardest hit. this legislation is for my grandmother alice jones paid for the high cost of prescription drugs not fully covered by medicare. we will lower prescription drug prices for our seniors. this is why i ran for congress. this is government working for the people. this is democrats delivering on our promises. i yield. the speaker pro tempore: the gentleman from missouri is recognized. mr.smith: i yield one minute to the gentleman from california.
the speaker pro tempore: the gentleman from california is recognized for one minute. >> new data from the department of economic development that unemployment remains at a high. the reasons why americans are suffering from this inflation is reckless levels of deficit spending by our federal government. so only the united states congress could respond to the situation with a bill that increases federal spending by over $700 billion at the same time it increases taxes on americans. to add insult to injury, our own congressionalbudget office as well as the university of pennsylvania wharton school of business and hundreds of economists that this so-called inflation reduction act will not reduce inflation at all.
we need to solve the reckless spending that is causing this instead of taking action that makes the situation even worse. i urge a no vote. the speaker pro tempore: the gentleman from kentucky is recognized. mr. yarmuth: i now yield one minute to the the gentlewoman from north carolina, distinguished hem of the judiciary committee, ms. ross. ms. ross: i rise to support the inflation reduction act. this bill is a monumental cheevment that will move america forward making important advances in everything from health care costs to energy prices to tax fairness. coming from north carolina, a state hit by catastropheic storms, this act represents the most significant investment to
combat climate change. this bill includes a measure that i have championed, which will send -- will end the prior moratorium on offshore wind. the trump administration basically banned north carolina from taking advantage of industrial scale offshore wind. our utilities support it. it is good for our economy and it's good for our environment. this is an important game changing bill. thank you and i yield back. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from missouri is recognized. mr.smith: i yield one minute to the gentleman from georgia who has his experiences with the i.r.s. the speaker pro tempore: the gentleman is recognized. >> thank you, madam speaker, despite the white house's politically motivated propaganda that claims our economy has zero inflation, we are facing an
economic situation and battling 40-year high inflation. as americans struggle to buy groceries, pay utility bills and pay rent, they are ram, inc. this bill that will make life worse. now i know the left can't quite grasp high school biology but appears they need a lesson on fundamentals and basic math. but i don't think they are interested because their actions are intentional. time and time again the left lies with big government socialism. and they are willing to to demolish small businesses, worker. reject fueling inflation and reject tax hikes by voting no on democrats' build back broke bill. i yield back. the speaker pro tempore: the gentleman from missouri
reserves. the gentleman from kentucky re-- is recognized. the speaker pro tempore: the gentleman from missouri is recognized. mr.smith: i yield to the gentleman from texas. >> tax increases for the average american, check. $80 billion to the internal revenue service to hire agents, jobs already posted, check. increase like that prices, increase gas prices and tilted windmills with your tilted energy policies, check. increase government and corporate control of health care, check. i hear my colleagues talk about, we are going to go after phrma, what did the c.d.c. yesterday say, don't worry about the mandates or the vaccines or the quarantines, sorry. my colleagues now today are
going to dump hundreds of billions into corporate america screwing over the american people every single day with tax audits, increased energy prices and increased taxes. congratulations. take that to the polls. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from kentucky is recognized. mr. yarmuth: i have no more speakers and am prepared to close whenever the ranking member is. the speaker pro tempore: the gentleman from missouri is recognized. mr.smith: could you tell us how much time we have? mr.smith: -- the speaker pro tempore: the gentleman has one minute. mr.smith: the cleution to the inflation crisis that the democrats have set forward is to spend hundreds of billions of more dollars and to tax all hard-working americans once again. you cannot spend your way out of inflation and cannot tax your
way out of recession, but that is the recipe that the one party democrat rule in washington, d.c. is suggesting for the hard-working americans who are barely surviving. i would like to point out to the chairman that his president's budget outlines an additional $80 billion for the i.r.s. and highlighted in that budget, he wanted 87,000 i.r.s. agents, that is the number coming from your president who presented the budget. we never had a hearing on the budget for the last 3 1/2 years and why you didn't know 87,000 auditors are being hired. the speaker pro tempore: the time of the gentleman has expired. the gentleman from kentucky is recognized and has three minutes remaining. mr. yarmuth: i yield hice the balance of my time.
i remind my colleagues and the american people what republicans will be voting against today. they will be voting against cutting prescription drug prices for their constituents, voting against come about thing tin flags and lowering energy costs. they will be voting against the largest federal investment dealing with climate crisis in the history of this country and i cannot believe and i still heard from the other side the hoax comment, climate change is a hoax. you would think of what is going on in the world, while i watch what is going on in my state, when my citizens in eastern kentucky were devastated by historic floods, when my citizens in western kentucky were devastated by historic tornadoes. all of this exacerbated by climate change. there are still people that deny
that climate change exists. but for the first time in this country, we will show true leadership to the world that we are taking action and we are going to lead the world in combatting climate change. and the gentleman from texas said, democrats own this bill. yes, we do. proud of it. i don't know one member of the democratic caucus who is not thrilled to death today that we are doing what we are doing, because the vast majority of the american people support what we are doing. the vast majority want to on cap out of pocket expenses for seniors at $2,000. republicans say no. they are going to vote against it caps at $35 co-pay. tens of millions of americans will benefit from that. we know that five former treasury secretaries from both democratic and republican
administrations, 126 top economists support the inflation reduction act. on the other side, we have big phrma, corporate lobbyists, tax cheats and congressional republicans of the this debate is made clearer than ever, democrats are making life better for the american people while republicans just don't care. it is simple as it is harsh. this lemmings is important, historic and significant win for american families. i will be voting yes on the inflation reduction act and will be sending it to president biden's desk and signing it into law. i yield back. the speaker pro tempore: the gentleman yields back.
the speaker pro tempore: the gentleman from massachusetts, mr. neal, the gentleman from texas, mr. brady, each will control 30 minutes. the chair recognizes the gentleman from massachusetts. mr. neal: i yield myself such time as i might consume. as we begin the proceeding here on the ways and means portion of the legislation, i want to begin by calling attention to the
untimely and tragic loss of our colleague jackie walorski and members of her staff. she was a force on the committee as well as a member of ranking member input and was well regarded as a member of the committee, a real humanitarian. you couldn't miss her bright smile or booming laugh. she embodied what it meant to serve. when she called me mr. chairman loudly with a booming voice, i know she meant it. we are all lucky to have had her as a colleague and be able to call her a tend. families and loved ones of congresswoman walorski and her staff be in our thoughts and prayers, rest in peace. i rise in full support of the inflation reduction act. i look forward, as i have in the
post to this -- moment. the words come from another son of massachusetts, mr. webster. and over the speaker's ross strum that adorns this marvelous institution which i love, the quote is simple, let us develop the resources of our land, call forth its powers, buildup its institutions and promote all its great interests and see whether in our day and generation may not perform something worthy to be remembered. the inflation reduction act is something worthy of being remembered. this is substantive and transformative legislation, a remind irto all, in a legislative life, we generally pursue perfection but accept the possible. part of that is what a we are marking this moment. this is a historic win for
family pocketbooks and for the future of climate security and we fund these gains by ensuring large profitable companies pay their fair share, just like all members of the american family are asked to do. the inflation reduction act will lower costs for the first time. medicare will negotiate drug prices and a cap of what comes out of seniors' pockets for life-saving prescriptions. no more rationing or foregoing necessary medicines. we are, he tending the tax credit -- extending the tax credit enhancements through 20256789 let me give you a statistic that is compelling. 100% of the children in massachusetts have health insurance. 97% of the adults in massachusetts have health insurance.
and it polls extraordinarily well in terms of its success ratios because we decided with labor, business, democrat and republican, to make it work and we did. these enhanced premium credits first enacted by the american rescue plan have made way for record low uninsured rates and have put hundreds of dollars back in the pockets of americans. this legislation will also make the largest investment in tackling climate change that our nation's ever witnessed. ever. the investments in clean energy, energy efficiency and clean manufacturing will generate $9 -- nine million good-paying jobs. these historic wins are achieved with sensible and responsible multiyear investments in the i.r.s. i have been a member of the ways and means committee, madam speaker, for 30 years. let me give our friends an interesting statistic about the american family. we have the highest voluntary
compliance rate in the world. 86% of the american people pay their taxes. this idea that we're creating 87,000 armed representatives of the federal government to go out and harass the american people is nonsensical. retirements alone are going to require a substantive investment. the i.r.s. has fewer than 20,000 -- 20% of the employees that it once did. what's important to remember here is this. that we want to make sure, with this investment in the i.r.s., that we continue to have a high voluntary compliance rate. and also to invest in the necessary technology that will allow the modeling to make sure the compliance remains with us as well. these are historic investments and achievements and they also are going to continue our quest on the democratic side here for an element of tax fairness that will hold people at the very top
as responsible as the other side likes to hold people who receive the eict tax credit in terms of their request for audits. we do this simply by asking the most powerful among us to pay their fair share. this is what a full and fair tax administration is about. the american people have been through an unthinkable hardship over the last 2 1/2 years, but they entrusted joe biden and congressional democrats to keep them safe and to rebuild our economy. so here's a fact. on march 11 of 2020, dr. fauci gave his warning. he warned us of what was coming. in april of 2020 america had lost 22 million jobs. here we are two years later and the biden administration, every job has been returned and there are 10.6 million jobs that go unanswered right now in the american economy.
we've bounced back faster than we imagined. not only have all these jobs been returned, 51 straight days gasoline prices have fallen. that's an issue about supply and demand, by the way. it's about international events. including the russian invasion of ukraine, supplies across the world and chains. those chains that i just referenced, they have been shored up and retailers are starting to realistically address some speculation as it relates to price. democrats shouldn't be asked to do this alone. but we're being asked to do it today alone. we're going to hear a lot of washington talk from folks on the other side that want to address the politics of the situation rather than cap the cost of insulin for their constituents. they want to protect the pocketbooks of those who would raise prescription drug prices unnecessarily and cut costs for workers and their families, which we intend to do. you'll hear a lot of spin on this bill that's received a lot
of endorsements. even from bipartisan former treasury secretary. but that's because the opponents are out of options. the inflation reduction act sets our nation on a healthier, fairer and more prosperous path. we've heard the calls of the american people and with the inflation reduction act, we continue to win this moment for them in its totality. i urge our colleagues to support this legislation and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: thank you. i want to join with chairman neal in expressing our heartbreak and sorrow in losing congresswoman jackie walorski, our colleague. as well as zach and emma. she's so proud of her team, walorski. the truth is, jackie lit up every room she was in. with her passion and her brilliance and just her
friendship and warmness. there's no question she could do everything. she was all in on everything and worked hard to find common ground wherever she could. last week was a shocking week and a week to mourn. this week is a time to celebrate jackie, her legacy and her life. with that, sadly this massive senate bill drawn in secret, stuffed with government checks to the wealthy and favored interests, rushed through congress, is a hoax on the american people. it fails to reduce inflation, fails to reduce the budget deficit, and fails to reduce the world's temperature. who in their right mind raises taxes in a recession? the answer is, only president biden and his supporters in congress who bundled -- bungled this economic recovery, think this is a good idea. you remember them. they told you they would defeat covid, that inflation was a rich person's problem, that their $2
trillion spending spree last year would strengthen the economy. instead, what did their promises deliver? the worst inflation in 40 years. a recession. and crippling worker shored a -- shortages that continue to hammer main street businesses. to date we have a stringing economy -- shrinking economy, shrinking paychecks and a shrinking work force. families are skipping meals. running up credit card debt to pay for daily eacceptions. delaying -- essentials. delaying retirement and struggleling to afford gas just to drive to work. yet democrats today insist inflation doesn't even exist. they say it's zero. the truth is most americans have lost confidence in president biden's failed handling of the economy. by contrast, the majority of the jobs in the covid recovery came under president trump. and under republican leadership, paychecks grew twice as fast as prices. the economy was surging, not shrinking, like it is today. and 600,000 more americans were working than today under this
unpopular white house. why would you trust the same democrats responsible for this cool economy with another of their misguided spending bills? while other countries are lowering taxes to fight inflation, democrats impose over $350 billion in taxes that land on local manufacturers. the bill -- manufacturers that build right here in america. that will slow jobs, kill the economy and raise prices even higher. small businesses who hire nearly half of all workers in america get hammered with $50 billion in new taxes. senior citizens and savers will bear the impact of $74 billion in new taxes that punish companies from investing in their stock value. all these taxes will hurt the economy, drive inflation further and harm workers' paychecks, according to the independent tax foundation. democrats promised that no american will see, quote, a penny of tax hike. yet congress' own budget office
debunks that claim, confirming the largest burden of higher taxes will come from middle class families starting next year. president biden is violating his own pledge not to raise taxes on middle class americans. he's denying that truth. yesterday house democrats insisted there are no new i.r.s. agents funded in this bill. read their lips. no new i.r.s. agents. they say it's all fearmongerring and they are just hiring replacements. unfortunately the fact is the i.r.s. budget already budgets for those who are leaving through attrition and the treasury department itself outlines the next decade of adding 87,000 new i.r.s. agents. that's what this bill unleashes. in fact, the congressional budget office reports, quote, audit rates will increase for every income level. almost 90% of unreported tax income comes from who? the middle class.
so how will democrats collect $204 billion in more taxes? with thousands of new agents targeting what i would call wal-mart shoppers. you know them. they are real, hardworking american families. they are my constituents, they are my neighbors in my district. they are living paycheck to paycheck, struggling with inflation to higher gas prices. they will be hit with over $7 -- 700,000 new audits thanks to the skyrocketing surge in i.r.s. agents. maybe that's why democrats blocked any language in the senate that protects wal-mart shoppers and other value shopping families against these new i.r.s. audits. but, man, this bill, they love the wealthy. if the green new deal incorporates this, nearly a quarter of a trillion dollars in green new deal subsidies, government handouts go to the wealthy and to the biggest, most
successful businesses in america. look at this. a sing working mom will pay higher taxes so they can be sent in a government check to wealthy investors and massive corporations. a yard man will send his taxes in a government check to the very well to do family whose lawn he's cutting. so they can splurge on an $80,000 luxury electric vehicle. incredibly, to fund all these government handouts, every senate democrat and the vice president chose to impose higher taxes on small businesses so that millionaires and billionaires would be protected from higher state and local taxes. everyone facing devastating diseases like cancer, alzheimer's, a.l.s., parkinson's, will pay a deadly price. this crazy bill increases the cost of health care and medicines and kills new life saving cures, while providing obamacare subsidies for the wealthy and those choosing not
to return to work. making the worker shortage harsher. congress' nonpartisan score keeper and the university of chicago all confirm the government price fixing scheme could be a death sentence for patients, raising the cost of new drugs, crushing innovation and killing hundreds of cures. higher taxes, harassing i.r.s. audits on our wal-mart shoppers, no relief from inflation, all as america battles a recession. let me ask again. do you really trust the same president, democrats, who drove this economy into a recession and drove prices sky high with yet another spending spree? i strongly urge my colleagues to vote no on this bill and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: thank you, madam speaker. i now yield 1 1/2 minutes to the very accomplished gentleman from connecticut, mr. larson. the speaker pro tempore: the gentleman is recognized for one minute. mr. larson: thank you, mr.
chairman. mr. chairman, i want to start by echoing the sentiments that both you and the ranking member had about jackie walorski and how deeply we all feel for her and her family and the staff members who were lost. let me start by again congratulating you, mr. chairman, and also members of this committee, most notably mr, as well for their work on climate and for their work throughout this period of putting forward consequential legislation. i say consequential in the time that i'm allotted because i want to talk specifically on some of these claims. i don't think -- and i hope the american people are listening, you don't bring about change by appealing to the sum total of the fears of the american people. you bring about change, as separationally, and by doing something constructive and
putting forward legislation as opposed to putting forward the collective fears of the nation and hoping that you might be able to exploit those fears for political gain. the myth that there's 87,000 i.r.s. agents, even trump's former person rejects that, it's nonsense. as mr. neal has pointed out. but what matters to people is when you help them directly, like rod in connecticut who is paying $1,400 a month for his insurance and now under this bill is paying $20 a month. and the real savings that he gets from that allows him to provide college education for his children. as operation -- aspiration. mr. brady: thank you, madam speaker. i ask unanimous consent to enter into the record page 16 of treasury's own tax compliance plan, into the record, which
shows the agency intends to hire 87,000 new i.r.s. employees. the speaker pro tempore: without objection. mr. brady: at this moment i yield and am proud to yield one minute to the gentleman from oklahoma, mr. hern. the speaker pro tempore: the gentleman is recognized for one minute. mr. hern: madam speaker, i rise today in strong opposition to the bill before us today. never in our history has the federal government responded to a recession by raising taxes on americans. it's simply unthinkable. nearly everything our colleagues across the aisle have said about this bill has been proven false. i've noticed they stopped >> they are hailing it as a climate and tax plan. i'll give them that because this legislation will raise americans' taxes and give money to hand-picked socialist companies. this bill will not reduce inflation. liberal economists are warning the exact opposite. 56% democrats and 91
independents are concerned about the direction of our economy. i have received thousands of phone calls, text messages and emails over the last week pleading with me to stop this bill from passing. they understand what this chamber does not. when the federal government spends more, american families have less. therefore, i urge my colleagues to give a resounding no. mr. neal: i yield one half minutes -- 1 1/2 minutes to the gentleman from oregon, mr. blumenauer. the speaker pro tempore: the gentleman is recognized. mr. blumenauer: thank you plrks chairman. this legislative package is something refused to die, it will reduce inflation, lower energy costs and lower the costs of prescription drugs, but it's not just about inflation but addressing the climate crisis
and the cyst is of confidence in government. president biden met with experts to on understand the critical state that we are now in the future of our democracy and how we avoid its destruction. we have our moment making american history now. it's a moment for the future of our planet, children and grandchildren and ourselves. i am pleased to have worked over a decade on these provisions dealing with wind energy, investment tax credits, energy efficiency in commercial buildings and reinstating the super fund tax. american families will see significant savings by capping the prescription costs something the republicans made illegal in 2004. and it takes steps to restore the ability of the i.r.s. to function, closing the $400
billion tax gap and not making the american public pay for poor customer service because of mindless attack on this important institution. because the inflation reduction act represents more than the sum of these individual provisions, it's proof that our system works and the united states has the capacity to solve the more pressing challenges in the years ahead just when we need it most. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: i ask to enter a letter into the record which confirms the affordable care act subsidies will boost inflation and reduce incensetives for people to work. the speaker pro tempore: without objection. mr. brady: i yield to the gentleman from texas. mr. arrington: the last time democrats used reconciliation, it was under the pretense of covid recovery. not only did they fail to quote
rescue america, they destroyed our recovery efforts and sent us into recession. in the aftermath of their self-inflicted economic disaster, they are running the same play and expect a different result. another false promise under the title, the inflation reduction act. nobody in america, madam speaker, beliefs this bill will reduce inflation, in fact it will make inflation worse, strangling oil and gas production, unleashing an army of tens of thousands of i.r.s. agents to shakedown americans and small businesses, handing out dollars in green new deal that will jeopardize america's security and putting america in a state of weakness. this will further inflation,
deepen recession and increase costs at the pump. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: i yield one 1/2 minutes, congressman kind, who is retiring. mr. kind: madam speaker, as a dear friend of jackie walorski, i share in the grief of her passing and staff. this inflation reduction act that puts people over politics by lowering families' kitchen table costs from prescription costs, creates millions of good paying jobs and delivers the most significant action to combat climate change that mother nature is screaming at us to take action today and it substantially reduces the deficit by over $300 billion. on that last point, not once has the republican-led congress
brought a reconciliation bill that reduces that national deficit. as an example, when they passed the prescription drug bill in 2004, not only did they pay for it. $400 billion, the largest expansion of entile titlement funding and there was no offsets. when we passed the affordable care act, we paid for it and reduced the deficit. this week it was announced that health uninsured rates is at a historic low for our country no less due to that affordable care act. they made that prescription drug bill when they passed it by inserting language in it that made it illegal for us to discuss price or negotiate price with the drug companies. this bill changes that today by allowing once and for all price negotiations with the drug companies to deliver relief for
seniors. i encourage my colleagues to support this legislation and i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas. mr. brady: i ask unanimous consent to enter the analysis that shows that families earning $75,000 to $100,000 are four more times likely to have a tax hike than a tax cut. i yield one minute to the gentleman from tennessee, new. >> i rise today in strong opposition to what the democrats call the inflation reduction act which is the inflation expansion act. the americans are dealing with economy and recession and highest inflation we have seen in 40 years. we are experiencing worker shortages and empty grocery shelves and higher energy prices. democrats are doubling down on this out of control spending
that led to this economic crisis. this package that we're voting on today will raise taxes on hard-working middle class families and authorize 87,000 new i.r.s. agents to target individuals and small businesses. it will reduce life-saving health care innovation to impose price control on dugs. it will hurt energy producers and will worsen inflation. i'm voting against this flawed and defective package base families, farmers and small businesses across the nation need real solutions to these problems, not more taxes and not more government spending. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts. mr. neal: a statement in subject stilet d be included in the record. i am recognize the gentleman
from new jersey, mr. pascrell for 1 1/2 minutes. mr. pascrell: thank you, mr. chairman and mr. brady. american people put democrats in charge to raise our nation from its knees. unless we got short memories, we are putting people over powerful interests and rebuilding our economy for working families. we are providing historically low health care premiums for nearly 12 million americans including over 20,000 in my own district in new jersey. making the single largest investment in clean energy. our planet is at the precipice of catastrophe. so we are combatting climate change and creating 9 million jobs. not bad, mr. chairman. our bill includes legislation i
happened to champion to expand zero nuclear energy and offshore wind where new jersey leads the way. i worked on those two issues. nothing said by my friends on the other side. for years republicans sabotaged the i.r.s. they safeguarded loopholes to help the privileged few pay a pittance in taxes and that ends today. five years ago, republicans passed a $2 trillion tax scam for the rich and the corporate tycoons. today, we are closing the tax gap and providing tax fairness. democrats are making prescription drugs affordable. democrats are leading the way. god bless our great country. and i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: i ask unanimous consent to enter the
congressionalbudget office letter into the record which confirms this bill will increase the cost of new drugs. i yield one minute to my colleague, the gentleman from arizona, mr. schweikert. the speaker pro tempore: the gentleman is recognized. mr. schweikert: thank you. the chair needs 60 seconds. for everyone here, this is a subsidy bill. and this is a classic difference between the left and the right. they are subsidizing, we on the right actually want to change the market. we want competition. i'm going to pull out one very, very, very simple example. in here we have the the $2.5 billion for our ports to get greener and more efficient. the democrats slip in language that says human operated. meaning you are not going to take on the unions and not make it more efficient or embrace disruption in technology and we keep coming to the floor and
talk about that would make our ports growner, more efficient, fuel the snrie chain. these electric fuel cars, you just made them not happen. this is a subsidy for those unions, those folks who write checks to the left and you claim you are making the environment cleaner but build barriers in the language to stop those good things from happening. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: pleased to recognize one of the members of the committee, mr. davis. mr. davis: i associate myself made with my colleague relative to our tragic loss of representative walorski who was ranking member of the subcommittee that i chair. i rise in strong support of the inflation reduction act of 2022. this is the most transformative
pieces of legislation that i have seen. it lowers family health care costs, reduces drug and energy costs and makes the largest investment in climate change in the history of this count thri and cuts carbon emissions by 40%. this bill will create millions of good paying union jobs and slate economic growth. it incentivizees manufacturing and reduces our reliance upon foreign-made products. this bill does what we have been trying to do for years. it empowers medicare to negotiate the price of prescription drugs. millions of seniors and disabled people will benefit from this provision alone not to mention the cap on insulin price will do. this bill will cut the deficit and lower inflation and will not
cost the average taxpayer one additional encent unless they earn $400,000 onlily or more. one feature of this bill i'm proud of is the enhanced tax credit to bring solar and wind energy to low-income communities. this tax credit will assist. it's a great bill. i urge its passage and i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. braid p braid i ask to enter congressionalbudget office report from this morning which confirms i.r.s. audits will again rate tens of millions of dollars from families earning $400,000. i yield one minute to the gentleman from pennsylvania, mr. the speaker pro tempore: the gentleman is recognized. mr. kelly: i thank my friend from texas and hate to see him leave because he has been so productive. we are going back and forth what
the i.r.s. is not going to do. i would just tell my fellow citizens and i'm going to talk to the other side, but there is something wrong, whenever we look at the money being spent to hire agents for enforcement. i would tell my fellow citizens be afraid, be very afraid. if the events of this week don't shake you to the bottom as to what this government can do to you however it chooses to do it and when it chooses to do it, the i.r.s. is the most feared agency in the united statesgovernment. it is incredible the power it yields. it is incredible it's going to increase the number of enforcement officers. they're not coming in to help with the processing because all of us in congress, including my friends on the other side, have been doing the work of the i.r.s. for the i.r.s. they haven't been back to work full-time for 2 1/2 years. i would urge my friends on both
sides of the aisle to vote no on this monstrosity that does not do anything about inflation but continues to harass hardworking american taxpayers. the speaker pro tempore: the gentleman's time has expired. the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: thank you, madam speaker. i recognize myself. this is misinformation about the i.r.s. they need the funding to better serve the american people. idea that all of a sudden there's an army of i.r.s. agents that are coming after the american family doesn't stand up under the magnifying glass of critical anas sis. with that -- analysis. with that, let me recognize a member of the ways and means committee, the gentleman from buffalo, mr. higgins, for 1 1/2 minutes. the speaker pro tempore: the gentleman is recognized for 1 1/2 minutes. mr. higgins: thank you, chairman. madam speaker, the 1970 clean air act was passed by a democratic-led congress and a republican president after millions of americans demanded change. five decades later, a new generation of americans are calling on congress to act on
our nation's biggest challenges. the inflation reduction act is not just good climate bill, it's also a major achievement. to address climate crisis, it makes a $369 billion investment toward decarbonizing our nation. the bill addresses environmental justice. everyone should benefit from a cleaner environment. especially those who are vulnerable to disease because of where they live. the bill finally helps medicare negotiate a better deal on drug prices. this provision will save lives and help seniors enjoy their retirement without fear of poverty due to the cost of their medications. i urge my colleagues to support this legislation, which is vital to our nation's future. and i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: thank you, madam speaker. i ask unanimous consent to enter into the record the following report from 2020. from a group that tracks government spending. which details how the i.r.s. is currently armed with 4,600 guns and five million rounds of
ammunition. that is not fearmongerring. these are the facts. the speaker pro tempore: without objection. mr. brady: thank you. i'm proud to yield one minute to a colleague of mine from the waimtion committee -- ways and means committee, mr. smucker. the speaker pro tempore: the gentleman is recognized for one minute. mr. smucker: thank you. there are so many things wrong with policies in this bill. it will certainly punish americans' pocketbooks through record high inflation, new taxes and an army of i.r.s. agents. but it can get even worse. this drug price setting regime in the bill, which i want to speak about briefly, may very well put american lives at risk. c.b.o. agreed less drugs will be developed as a result of the policies in this bill. according to a study from the university of chicago, government price controls in the bill will block 342 new cures from reaching market over the coming decades. that means that our constituents, families members who are battling diseases like cancer or alzheimer's, may well be left with no hope of finding
a cure. the university estimates that blocking these cures will collectively take 330 million years off of americans' lives. that's one year per american, which by the way is a total of 31 times worse than the covid-19 pandemic. american innovation and ingenuity got this country out of the covid-19 -- the speaker pro tempore: the gentleman's time has expired. mr. smucker: this bill abandons free enterprise in favor of socialism and will cost the taxpayer too many dollars and cancer patients too many years. the speaker pro tempore: the gentleman's time has expired. the gentleman reserves the balance of his time. the gentleman from massachusetts. mr. neal: a reminder that there are, i believe, almost 600,424 medicare beneficiaries that have diabetes in pennsylvania. it's important that this bill caps insulin costs. let me yield 1 1/2 minutes to the very capable gentlelady from alabama. the speaker pro tempore: the gentlewoman is recognized for 1 1/2 minutes. ms. sewell: i rise today this sprong support of the inflation reduction act. this transformational
legislation will lower health care costs for millions of americans and thousands of alabamans. by extending the a.c.a. tax credits for an additional three years, and reducing the prescription drug costs for our seniors, by allowing h.h.s. for the first time to negotiate drug prices with pharmaceutical companies and capping out of cost drug costs to $2,000 per year. this is a big deal for the american families. and especially the families that i represent in alabama. this bill is also the single largest climate investment in america's history. this bill includes my carbon capture expansion act that will extend the 45-q credit eligibilities for carbon capture projects to 2023. when i think about all of the great things that are in this particular bill, it is truly transformational for the people that i represent and for the american people. i urge my colleagues to vote in favor of this bill.
let's put people first over politics. thank you and yield back the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: thank you, madam speaker. i ask unanimous consent to enter the following joint committee on taxation analysis that shows that american manufacturers are hardest hit by the democrats' made in america tax, $200 billion, and they will pay over half of that tax. the speaker pro tempore: without objection. mr. brady: thank you, madam speaker. i'm proud to yield to a colleague from the ways and means committee, the gentleman from north carolina, dr. murphy. the speaker pro tempore: for how much time? mr. brady: one minute. the speaker pro tempore: the gentleman is recognized for one minute. mr. murphy: thank you, madam speaker. i rise in opposition to this reckless bill today. i want to speak specifically to one issue and that is medicine. as a practicing physician, i have seen miraculous curative treatments made in medicine over the last 15 years. but this partisan package will destroy medical innovation and cripple independent private physicians. up to -- up to 342 new life
saving drugs will be prevented by this bill. we all agree that the cost of medicine is way too high in this country. but instead of attacking the real causes, we are now going to be shifting medicare dollars away from doctors, those who actually take care of patients, and give them to insurance companies and green new deal policies. some physicians will see an average of 40% reduction in reimbursement. given the constant threats of medicare cuts for physicians, who the hell would want to practice medicine or can afford to practice medicine in this country anymore? the scheme will have long lasting negative effects on patients, physicians, the solvency of medicare and set a dangerous precedent for future medicine to use medicare as a piggy bank to subsidize unrelated policies. i urge my colleagues to vote no on this bill. thank you, i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: pleased to yield 1 1/2 minutes to the gentlelady from washington who is well known for her work in the renewable energy field, congresswoman dell benni.
the speaker pro tempore: the congresswoman is recognized. ms. delbene: thank you, madam speaker. congresswoman jackie walorski was a friend and i send my deepest condolences to her family and the families of zachary and emma. 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% 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. he's in are provisions that the new democrat coalition and i have been calling for from the beginning. for our seniors, the bill will lower the cost of prescription drugs by allowing medicare to negotiate lower prices and will
keep 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 i.r.s. with the resources it needs after decades of republican-driven budget cuts. i urge my colleagues to support this bill and i want to remind my colleagues, there are 533,775 medicare beneficiaries with diabetes in north carolina. but the gentleman remains against this bill, capping insulin costs in medicare at 35dz per month. i yield -- $35 per month. i yield back. the speaker pro tempore: the gentleman from texas is recognized. mr. brady: thank you, madam speaker. i ask unanimous consent to enter the following letter of opposition into the record which represents america's independent natural gas and oil production industry who say this bill will only exacerbate, make worse, our nation's energy crisis. the speaker pro tempore: without objection. mr. brady: thank you. i'm proud to yield one minute to
the gentleman from georgia, mr. clyde. the speaker pro tempore: the gentleman is recognized for one minute. mr. clyde: thank you. one of the most egregious provisions in this bill includes providing $80 billion to the i.r.s. for hiring 87,000 new agents to audit hardworking americans. after my small business was wrongfully targeted by the i.r.s. back in 2013, i know a thing or two about how burdensome and costly battles with the i.r.s. can be. and i'll tell you, it's a grueling fight that most americans simply cannot endure. this is precisely why i introduced an amendment to eliminate the i.r.s. enforcement provision in this severely misguided legislation. but the democrats rejected it, confirming their intent to supercharge the i.r.s. audits in order to pay for their big government socialist agenda. this week has also proven just how corrupt our federal agencies are and the length they're willing to go to persecute political opponents. think about it. if the left will weaponize the
f.b.i. to raid president trump's personal residence, they will surely weaponize the i.r.s.' new 87,000 agents, many of whom will be trained in the use of deadly force, to go after any american citizen. i urge my colleagues to vote no on supersizing and weaponizing the i.r.s. against the american people. thank you and yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: madam speaker, thank you. pleased to yield 1 1/2 minutes to the gentlelady from california, whose work in the arena on renewable energy is well known. ms. chu. the speaker pro tempore: the gentlewoman is recognized for 1 1/2 minutes. ms. chu: i rise today in strong support of the inflation reduction act. this historic legislation will make real tangible differences in the lives and livelihoods of people back home in southern california and across the nation. and it is imperative we pass this once in a generation bill today. the american people are struggling to afford medications, health insurance and their energy expenses. all while battling the impacts
of climate change every day. they are desperate for congress to take action to address the real challenges they are facing in their everyday lives. and this is exactly what this bill does. it lowers the costs of prescription drugs for seniors to no more than $2,000 yearly. it curbs the rising cost of utilities and creates good paying jobs nationwide in the process. it makes health care more affordable for millions of americans by shoring up the affordable care act. today we are going to combat climate change, ensure corporations pay their fair share, and reduce prices for workers and families. and in fact, we're making the largest and most ambitious investment in clean and renewable energy in our nation's history. finally reversing years of underinvestment at the i.r.s. and building a fairer tax system that will invest in workers without raising taxes on families and small businesses. today we're delivering on a
promise made to americans by passing this critical bill. we must commit to putting people over politics. i urge a yes vote on this bill. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: madam speaker, first may i please inquire how much time chairman neal and i have remaining? the speaker pro tempore: the gentleman from texas has 15 minutes remaining. the gentleman from massachusetts has 9 1/2 minutes remaining. mr. brady: thank you, madam speaker. i ask unanimous consent to enter into the record this pen waterren school of business analysis, that debunks the inflation reduction act, showing how this bill will reduce inflation by less than .1% in the first five years and zero impact on inflation after that. the speaker pro tempore: without objection. mr. brady: thank you. i'm proud to yield one minute to the gentleman from tennessee, mr. rose. the speaker pro tempore: the gentleman is recognized for one minute. mr. rose: madam speaker, tennesseans are hurting from the skyrocketing costs of living
everywhere they turn. now it seems as if the united states has entered into a spending-induced recession caused by the irresponsible fiscal policies of president biden and congressional democrats. instead of focusing on passing meaningful and impactful legislation to help lower the cost of living, we are voting on a bill that spends hundreds of billions of taxpayer dollars. the bill will do nothing to help ease the pain my neighbors in tennessee are experiencing, and in fact is likely to increase inflation even more and push prices on everything even higher. it gives a tax break to wealthy americans who can already afford to purchase expensive electric cars. it also increases taxes amidst a recession, which will only make it worse, and it alowls the i.r.s. to hire an -- allows the i.r.s. to hire an army of 87,000 new federal agents to go after the middle class. i will will be -- i will be voting no and i urge my colleagues to do so as well. thank you. i yield back. the speaker pro tempore: the
gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: thank you, madam speaker. i'm pleased to yield three minutes to the gentleman from georgia, the majority whip in the democratic caucus, whose district i have visited. the speaker pro tempore: the gentleman from south carolina is recognized. mr. clyburn: thank you very much, madam speaker. thank you for yielding me the time. madam speaker, i rise today in full support of the inflation reduction act. there are a few this is truly historic. for me, this is one of them. we have passed other historic legislation to help our economy overcome the pandemic, create jobs, repair and invest in our infrastructure and bolster critical supply chains. this will lead to the transformative change democrats in congress have been working with president biden to achieve the past year and a half. the inflation reduction act will
reduce the deficit by $300 billion over the next decade. it achieves by ensuring tax fairness that requires corporations to pay a minimum tax of 15r% and protecting families making less than $400,000 a year from paying one penny more in taxes. in addition, the inflation reduction act will assist families by extending subsidies by the purchase of health insurance through the affordable care act. seniors on medicare will benefit from the government's ability to negotiate prescription drug prices and capping out of pocket drug costs. having experienced my late wife's 30 year battle with diabetes, this bill would cap insulin costs at $35 per month
for those on medicare. this is a giant step forward. but we will continue working to overcome the republican opposition that block extending the same life-saving measures to those on private insurance. finally, this bill will cut climate pollution by 40% by 2030. it does so by building a new clean energy economy that invests in a healthy future for all our citizens, creating 9 million new jobs. this legislation creates a nuclear production tax cut for existing reactors, ensuring that my home state of south carolina continues to be a leader in clean energy generation while also making like that affordable and accessible. it also puts $60 billion towards
environmental justice to help communities, especially communities of color address the legacy of pollution in their neighborhoods. i believe today we are demonstrating what we democrats mean what we say we are putting people over politics. while our republican colleagues continue to put their politics over the people's health and well-being. i am proud to stand with the people of america and help with this bill. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas. mr. brady: i would note that every democrat in the house and senate strongly opposed providing prescription drugs for seniors in medicare part d and then leader pelosi at the time said it would end medicare as we know it to help seniors with these life-saving medicines.
i ask unanimous consent to enter a study from the university of chicago that the democrats' drug pricing scheme and controls could kill up to 342 cures, many of them life life saving cures in the next generation alone. i yield one minute to the gentleman from florida, mr. rutherford. mr. rutherford: i rise in strong opposition to this reckless spending bill which will do knowing to address inflation. the bill before us today will further threaten the prosperity perrity of hard-working american taxpayers. the same party that drove this economy in recession are back. another plan to raise taxes and build more bureaucracy and create a government slush fund. we need to call this bill what
it is, $700 billion did he back will that will drive up the cost for everyone and double the size for the i.r.s. and attack medical innovations and use $350 billion to implement the green new deal while giving handouts to the wealthy. hard-working americans are facing rising prices and nationwide recession. they deserve leaders who are focusing on the lives of americans not politicians who pander to the president and his failed policies and i urge a no vote on this egregious bill. mr. neal: i am pleased to yield 1 1/2 minutes to the gentleman from pennsylvania, mr. boyle. the speaker pro tempore: the gentleman is recognized. mr. boyle: madam speaker, the word historic is probably overused at times. really, it is a day like today
when the word historic is warranted. for decades, politicians of both parties talked about giving medicare the ability to negotiate prescription drugs to bring down the costs for seniors. today, in this bill, we are doing it. for decades, politicians talked about capping the amount of money seniors pay every year on prescription drugs. some in my district in philadelphia pay $5,000 a year, $10,000 a year. this bill caps it at no more than $2,000 a year. again for decades, politicians talked about the need to address climate change, to make a large investment so we can finally tackle this challenge for america and for the world. here in this bill, we are doing it. the largest single investment to
address climate change in our nation's history. you know, i know that on social media and on tv, it tends to be the form of politics that gets most of the attention. that helps breed a cynicism within our constituents. it is legislation like this that makes a difference in peoples' lives. this is why we are here as lawmakers to do the peoples' business. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. braid braids i ask unanimous consent to enter the following analysis that shows the top 10 manufacturing industries hit hardest by the democrats made in america tax. this is minorities and working-class americans. i yield one minute to the gentleman from ohio, mr. davidson.
mr. davidson: this. mr. williams: not reduce inflation but will pull us further in the wrong direction. it is more government and less freedom. in the prior year, inflation is incompetents of 13% and real wages have fallen by $4 -- 4.5%. this combines inflation and people are being crushed. you cannot spend your way out of inflation, but this is what this bill tries to do with $745 billion. it raises taxes in a recession more than six times the agency's current annual budget for the i.r.s. it's going to more than double audits on families and instead of addressing the 32% increase in energy prices by increasing energy production, this spends on green new deal pet projects and $250 billion federally-run
department of energy loan program. please oppose this bill. i yield. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: pleased to yield 1 1/2 minutes to the gentleman from virginia who has had a profound influence on this legislation and knows it inside and out, mr. beyer for 1 1/2 minutes. the speaker pro tempore: the gentleman is recognized. mr. beyer: madam speaker, we protect the world for future generations. this will do untold good for the nation and for the american people. this is our generation's single contribution to american history. our social security act, even the bill of rights. the act will lower health care costs and create jobs. we have been putting people over politics. we will actually reduce the deficit by presenting
corporations to shoulder their fair burden of the tax responsibility. most importantly, congress is taking the ambition action we need to prevent the worst feats of climate change. and i am privileged to serve on chairman neal's ways and means committee and proud of the tax credit provisions i partnered with distinguished members and friends. these are the parts of the act which will have enormous consequences and reduce emissions from commercial vehicles and remove carbon pollution directly from the atmosphere and promote development of green hydrogen and accelerate reduction of emissions. this will create good paying jbs. this bill will put us on the path to reduce our target emissions and help save the
planet. i thank my colleagues for their support. and i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas. mr. brady: i ask unanimous consent to enter the following "wall street journal" editorial into the record which shows this will reduce emissions 0.028 throughout the 21 century and as little as .00009% over the entire century. i yield one minute to the on the gentlewoman from new york. >> america is struggling and economy is contracting and we are in a recession and jamming through $750 billion bill with a slush fund that will further fuel inflation and lead to higher energy costs and drive up manufacturing costs. what a lousy idea to raise taxes
during a recession. this will not just hit businesses but families earning as little as $50,000 and this is doubling the i.r.s. by 87,000 agents a level that is more than the population of biden's hometown of scranton, pennsylvania or fill myths life stadium, four times the border patrol agents when we have a border crisis and eight times drug enforcement agents when fentanyl is taking lives of young americans and does not include one cop as crime is skyrocketing in cities like i mine. this congress is diagnoses connected that americans and to call it the inflation reduction act is a lie. the speaker pro tempore: the gentleman from massachusetts is
recognized. mr. neal: i yield to the gentleman, mr. schneider. mr. schneider: this bill will lower the cost of energy. just as important, it makes the largest ever investment in tackling the climate crisis helping to set carbon emissions by 40% by 2030. this will improve the lives of americans. this bill will allow the h.h.s. secretary to negotiate the prices of some of the most expensive drugs. it caps the price of insulin at $35 and includes expanded coverage to low-income beneficiaries, which i have championed for years. on climate change, i am particularly proud this bill includes my legislation the sustainable skies act that will reduce greenhouse gas emissions from aviation which accounts for 2% of the world's emissions and
tackles investments from roof top solar panels to hvac systems. and let me repeat, this bill is entirely responsibly paid for and then some. again, our deficit will be cut by more than $300 billion by the action congress is taking today. americans have been hard hit by the pandemic and the feats of global supply chain cries sees and every year climate change becomes more severe and more costly. americans need relief. i urge my colleagues to give our fellow citizens the relief they deserve. the speaker pro tempore: the gentleman from texas is recognized. mr. brady: i ask unanimous consent to enter the article by americans for tax reforms by describing the top five budget gimmicks in this bill showing
over $330 billion in fake savings more than the so-called deficit reduction in the bill. the speaker pro tempore: without objection. mr. brady: i yield one minute to the gentleman from tennessee, mr. fleischmann. mr. fleischmann: the dying ember that is the democratic majority in both houses once again seeks to burn the american people. $80 billion for the i.r.s. and they champion it. i'll stand with the hardworking american people of this nation, democrats, you can have the i.r.s. raising taxes at a time of recession, at a time of economic gloom, i will stand with the hardworking entrepreneurs of america any time over raising taxes. ladies and gentlemen, madam speaker, the american people know better, the american people deserve better. the american people will get better in november.
with that, i urge a no vote on this bill and i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: thank you, madam speaker. i'm pleased to yield one minute to the gentlelady from new york. the speaker pro tempore: the gentlewoman is recognized for one minute. ms. velazquez: thank you. i rise in strong support of this historic legislation. the climate crisis is the sing 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 health care and prescription drugs. it lowers energy costs and delivered the largest ever climate action by investing in domestic energy production and manufacturing, while reducing carbon emissions by roughly 40% by 2030. it lowers the deficit and helps fight inflation by making an
historic payment on deficit reduction of $300 billion. we do this by making the biggest corporations and ultrawealthy pay their fair share in taxes. so enough with the fearm fearmongerring by the other side. let's get this done on behalf of hardworking families across america. i yield back. mr. brady: thank you. i ask to put a polling study into the record. which shows once americans learn the details of the so-called medicare negotiation, which is price setting, their choices and access to life saving cures will be limited, public support for negotiation plummets. the speaker pro tempore: without objection. mr. brady: thank you. i yield one minute, madam speaker, to the gentleman from texas, mr. gohmert. the speaker pro tempore: the gentleman is recognized for one minute. mr. gohmert: thank you, madam speaker.
this is the bill, 728 pages, we got from the senate this week. has anybody read it? come on. that's over $1 billion average per paim. that ain't gold -- page. that ain't gold. that's fool's gold. look, more i.r.s. agents, as art laffer said years ago, that's not going to increase the amount of revenue to the government. and in fact when you say it's going after the ultrarich, what happens is the ultraparishioner are the only -- ultrarich are the only ones who can avoid paying these taxes they hire attorneys, accountants, they can move, change their business structure. it comes right back to the middle class every time. these same policies are the reasons that the average black household in the eight years of obama lost 30% of their net worth. so we keep hearing from the other side. there's had runaway inflation and this ugly bill's going to stop it? the president says zero percent inflation. somebody's lying.
we'll find out who. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: i'll be the first to acknowledge, that madam speaker, i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: thank you, madam speaker. on behalf of many diabetes patients, i ask unanimous consent to enter the following article in the record which includes a quote from my fellow texan, representative lloyd doggett, where he accurately states that the insulin caps policy included in this bill, quote, does not lower the price of insulin by one penny. unquote. but rather shifts costs to others. the speaker pro tempore: without objection. mr. brady: thank you, madam speaker. i yield one minute to the gentleman from ohio, mr. jordan. the speaker pro tempore: the gentleman is recognized for one minute. mr. jordan: i thank the gentleman. who are they going to harass? who are these thousands of i.r.s. bureaucrats, who are they going to harass? middle class families. we know who it's going to be. it's that snippet football coach at the -- assistant football coach at the local high school who teaches history who has a size business. he mows lawns in the summer,
paints houses in the summerrer, he pays his taxes but he's going to get harassed. we know how this works, we've seen it before. this bill raises taxes, creates a whole new proxy to go after taxpayers, such a deal, using your tax money to come after you, the taxpayer, such a deal for the taxpayer. and my guess is they'll all be working remotely. they won't have to pay the $5 to drive to work like people in our district do. they'll be working remotely, drinking their fancy coffee, going after the guy who is helping kids and has a side business in the summer who pays -- that's who this is going to come after. everyone knows it, the country knows it. this is disgusting. i hope y'all vote no. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: i continue to reserve, madam speaker. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: thank you, madam speaker. on behalf of seniors who rely ognjen eric drugs, i -- on generic drugs, i ask to enter the letter for the record which explains the price controls in
this democrat bill will reduce competition from lower costs generic and biosimilar medicines, that means fewer options for patients and worsingen -- worsening drug shortages. i'm proud to yield one minute to the gentleman from tennessee, mr. burchett. the speaker pro tempore: the gentleman is recognized for one minute. mr. burchett: thank you, mr. chairman. madam speaker, following jim jordan's like -- why nobody wants to follow jimi hendrix at woodstock. it's going to be tough. you never reduce burdens or inflations by increasing taxes $740 billion. estimated that $4,500 increase on the average family under this proposal. instead, you simply create more government, it never goes away. this is not an inflation reduction act. it's a woke climate bill that will increase inflation, madam speaker. madam speaker, my democrat friends seem to have forgotten that capitalism is not the enemy, we are. i would also remind my colleagues across the aisle that in tennessee we reduce taxes and regulations and now we have record surpluses and individuals
and businesses are moving from your district to mine as fast as they can get there. madam speaker, i yield the remainder of my time and i would like to say, the ranking member, who i call chairman, will be incredibly missed here in these halls, but also more so out on the baseball field. thank you, madam speaker. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. neal: madam speaker, i'm prepared to close. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas is recognized. mr. brady: thank you. i'm prepared to as well. first -- too as well. first, madam speaker, i would ask unanimous consent to enter the following list of 586 credible voices of opposition to this bill, they include business leaders, taxpayer advocates, economists and thought leaders who all say this bill will hurt americans if passed today. the speaker pro tempore: without objection. the gentleman from texas is recognized. mr. brady: so, first, i would ask unanimous consent to enter the following letter in the record from dozens of main street businesses opposing the democrats' bill because the i.r.s. targeting of their
business under the bill, tax hikes on small business. the speaker pro tempore: without objection. mr. brady: thank you. now, pleased to yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. brady: a year ago we met to consider another disastrous version of this bill and since then, the american families and main street businesses have been facing and continue to face historic inflation and now a recession. this bill is a hoax on the american people. americans who are suffering the most in president biden's cruel economy will soon know this firsthand. they'll know it because inflation will get worse, according to the pen warton school of business analysis. parents sitting up at night will notice higher taxes, few be jobs and lower wages as they pay for the vast majority of any revenue collected under this bill, according to congress' own nonpartisan score keeper. a middle income single mom with two kids who runs her own business will know it. when she comes home from wal-mart and finds a letter from the i.r.s. telling her she's under audit.
seniors and loved ones with life-threatening illnesses will arrive at the pharmacy counter and break into a sweat when they see they cannot afford their medicines. families with loved ones newly diagnosed with alzheimer's or cancer or a.l.s. and desperately seeking treatment will wonder whether the cure for their disease will ever come. the wealthiest and the biggest foreign-owned corporations will do just fine. they're getting hundreds of billions of dollars of government handouts under this bill. after all, they get the government checks paid for by the middle class taxpayers who are getting squeezed. this is a sad day for struggling american families and main street businesses. this economy is cruel enough. but by voting to turn this hoax into law congress is inflicting one more act of cruelty. i urge opposition to this bill and, madam speaker, i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from massachusetts is recognized. mr. neal: thank you, madam
speaker. i yield myself such time as i might consume. the speaker pro tempore: the gentleman is recognized. mr. neal: this is a big day and this is a big deal. we're putting people out front and making good on promises we've made. lowering drug prices and investing in our climate. mountain high legislative achievements have we. the rescue plan, chips, science act, and now this achievement for the american people. lyndon johnson was right. yesterday is not ours to recover. but tomorrow is ours to win or lose. the inflation reduction act headed to the president's desk, give joe biden credit, we stand here assured that tomorrow is ours to win. we've had bold dreams in this congress, we've delivered big on those dreams. none of this would have been possible without the dedication and expertise of the staff of the ways and means committee, the best in the business. they've worked nonstop for two years for the american people and today their hard work is on display for the world to witness and await the president's
signature. the inflation reduction act sets our nation on a healthier, fairer and more pros pows pact. i urge -- prosperous path. i urge our colleagues to support this critical legislation and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time.
the speaker pro tempore: the gentleman from new jersey, mr. pallone, and the gentleman from kentucky, mr. guthrie, will each control 30 minutes. the chair recognizes the gentleman from new jersey. mr. pallone: madam speaker, i yield myself three minutes. the speaker pro tempore: the gentleman is recognized. mr. pallone: madam speaker, i rise in strong support of h.r. 5376, the inflation reduction act. this is landmark legislation that is going to help reduce costs for american families while finally aggressively tackling the climate crisis. madam speaker, we simply cannot wait any longer to confront the climate crisis. extreme weather events are becoming more frequent and more extreme. record high temperatures across the nation this summer, and these extreme weather events cause families, their loved ones, their homes and their livelihoods. this bill is the single largest investment in climate action in american history. we heard from the ways and means committee about the tax credits, the investment, production tax credits for renewables, for
electric vehicles. but i want to talk about the provisions from the energy and commerce committee. it makes the -- the bill makes unparalleled investments in climate, clean energy and environmental justice so that we can slash climate pollution and meet our aggressive climate goals. i just want to highlight some of the things. a methane emissions reduction program, a greenhouse gas reduction fund to promote new green technology. investing in manufacturing that's green. reducing industrial emissions. a program for states and government entities to reduce climate pollution. a program for clean heavy duty vehicles for trucks and school buses to make them less pollutant. and appliance and building efficiency rebate to try to deal with emissions from buildings and appliances. in industrial emissions reduction program, an environmental and climate justice block grants, and also provisions to deal with ports that are a major source of
pollution. so all of these are designed basically to try to make it, to create clean jobs, reduce energy costs for the average family, we estimate about $1,800 a years, and it's estimated that this bill will actually meet our climate -- reduce the. a pollution -- the amount of pollution or greenhouse gases into the climate by 40% in terms of what the u.s. has emitted since 2005. it goes very far toward achieving our goals as a nation, towards reducing the problem of greenhouse gas emissions. now, in addition to that, the inflation reduction act is also one of the most significant pieces of health care legislation to move through congress in over a decade. it breaks, and i want to stress this, it breaks big pharma's no monopoly on drug prices. it will lower prescription drug costs for seniors by empowering medicare to negotiate the cost of prescription drugs. it also caps the amount that seniors pay at $2,000 annually,
caps the cost of insulin at $35 a month, and penalizes companies that unfairly hike prices by forcing them to pay a rebate to the federal government if their prices rise more than inflation. this legislation is necessary because nearly 20 years ago republicans prevented the federal government from negotiating prices for seniors. so today we're finally leveling the playing field, to ensure seniors are no longer forced to choose between putting food on the table and their life savings. i yield myself another 30 seconds. this legislation will r the costs of health care for millions of americans by extending enhanced affordable care act marketplace subsidies. these enhanced subsidies are delivering average savings of $2, 400 and set to expire at the end of the year but this bill extends them to the end of 2025. this legislation lays foundation for a future for all americans.
i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from kentucky is recognized. >> i yield myself five minutes. i rise in strong opposition to h.r. 5376 the mislabeled inflation reduction act. this is a tax and spend spree. washington democrats are trying to add more reckless government spending and raising taxes during a recession will combat inflation. even nonpartisan organizations say this bill will have no impact on inflation and at least half of the tax revenue for next year estimated to come from americans making less than $400,000 a year. and americans will see more i.r.s. audits because this bill gives ability to hire i.r.s.
agents. we need to put our resources in hiring more border patrol officers and stop the flow of illicit drugs. more troubling parts of this bill are the health care provisions. i strongly disagree with using medicare money to pay for obamacare subsidies for the wealthy. medicare is at risk of insolvency and house democrats didn't give this amendment a chance to be considered. while democrats praise government pies setting or negotiation, they fail to mention that such policies would lead to at least 15 fewer drugs coming to market according to the nonpartisan congressionalbudget office. could it be the cure for alzheimer's or diabetes, it could be. they won't mention that c.b.o.
says this bill will lead to higher prices on new drugs. they will give the h.h.s. secretary a slush fund despite h.h.s. botching the response to the covid-19 pandemic and politicizing guidance that kept schools closed. how can can anyone support giving billions of dollars in unrestricted authority to h.h.s. that we know will lead to less cures for our loved ones. let me be clear, we absolutely need to address the cost of prescription medications. there is an energy and commerce committee, there is a bipartisan bill ready to go, h.r. 19, that could achieve this, but the democrats have refused to bring the bill to the floor for a vote. our country is facing an energy crisis. despite this, democrat solutions to double down on the nearly
$400 billion to be spent on far left green new deal policies and tax increases on energy that will be passed to consumer. as energy prices are at high levels they have included a new tax on natural gas and revived taxes ole petroleum products that will cost tens of billions of dollars of the i filed an amendment but again democrats refused to consider it. democrats want to create a slush fund at the e.p.a. for a national climate bank to subsidize the solar energy that is heavily dominated by the chinese chinese communist party. to conclude, this legislation not only crushes hope for patients and families living with devastating disease but
lack a treatment or a cure but undermines our national security. i cannot vote for the more appropriately named inflation expansion act and join me in opposing and i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new jersey is recognized. mr. pallone: i would like to yield a 1 1/2 to my neighbor from the state of delaware ms. blunt rochester. ms. blunt rochester: today i rise in support of the inflation reduction act. oh, what a day in america from lowering prescription drug prices to seniors to closing tax loopholes on the wealthiest corporations to making the largest investment in clean energy in history to tackle the climate crisis, the inflation reduction act will improve the
lives of every single american and will pay down the deficit. i'm proud that the bill includes my climate smart port provisions with my colleague, which invests in ports across the nation like the port of will ming top, allowing them to upgrade facilities and create more good paying union jobs. in a session of congress that has seen remarkable legislation passed, the inflation reduction act is the capstone of our efforts to deliver. with this bill, we continue to put people over politics. thank you, and i yield become. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from kentucky is recognized. mr.guthrie: i yield two minutes to the former chair of energy and commerce committee, retiring, fred upton.
the speaker pro tempore: the gentleman is recognized. mr. upton: is this bill going to reduce inflation? i don't think so. those of us know me that i'm not afraid to work across the aisle on important legislation that helps americans whether the chips act, the veterans act, infrastructure, but unfortunately the bill we are debating right now was not created in that same bipartisan manner. our economy is in a fragile state as we emerge from this pandemic and seen high inflation squeezing the middle class. now is not the time to raise taxes to the tune of over $16 billion on middle-income folks. the inflation reduction act does nothing to fix the problems at the i.r.s. instead they are going to hire more agents that are going to be hounding taxpayers and report
and schedule c and schedule e. these folks are middle-income family owned small business owners who busted their butts to keep their doors open through the pandemic and we are sending the cavalry after them and increase costs. the i.r.s. needs to focus on clearing the backlog of millions business returns. i have helped hundreds of constituents who have been waiting one to two years for their tax refunds and with respect to inflation, a number of nonpartisan sources and those including democrats, this bill will increase. the energy sector has seen the brunt of this increase with gas prices climbing more than and natural gas prices going up
close to do you living. on wednesday i offered an amendment to direct the bill not to go into effect unless the secretary of energy can certify that this is below the costs of 2021. i yield back. the speaker pro tempore: the gentleman is recognized. mr. pallone: i yield one minute one minute to the gentleman from illinois. >> madam speaker, last november, our house delegation went to glasgow. we told the world we were back and committed to building back better and putting science over politics. the world didn't believe us and we sat at that press conference. all of these reporters from europe said what about the senate, what about the filibuster? they had heard this song before and mired our enthusiasm, but they didn't share it.
today, we are going to prove them wrong and remind them what the united states is capable of. we are about to pass the most impactful climate bill. you should be proud of that. we are on the path to reduce emissions by 40% by 2030. 40% isn't enough. we re-established u.s. credibility today and we have to re-establish u.s. leadership. the measure of our success is not what we pass today. today we remind the world of what we are capable of and celebrate tomorrow. let's get back to work. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from kentucky. ken ken we reserve. the speaker pro tempore: the gentleman from new jersey. mr. pallone: i yield 1 1/2 minutes to the gentleman from california, mr. ruiz.
>> i have taken care of patients. patients who ration their are medicine. one woman told me she made her insulin lasted longer because she would take half of a dose in order to make it last. no one should have to choose between medicine or put food on their table or pay their bills. that is why i support the inflation reduction act which will give seniors the relief they need. it ensures that people on medicare won't pay more than $35 a month and requires the secretary to negotiate prices lowering costs for seniors and caps out of pocket spending at $2,000 for medicare part d. these important steps will ensure that all seniors have access to health and life-saving
medications regardless of how much money they have. that's not all this bill does. it will make investments to combat climate change and reduce our carbon emissions and make electric vehicle batteries with domestic like the lithium we are extracting. with this bill and the lithium in my district, we can power our clean energy future here in america with american materials. i yield. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from kentucky is recognized. mr.guthrie: i yield three minutes do my good friend, mr. burgess of texas. the speaker pro tempore: the gentleman is recognized. mr. burgess: i thank the gentleman from kentucky. i ask unanimous consent to place into the record a letter submitted by the members of the house g.o.p. doctors' caucus. the speaker pro tempore: the gentleman's request will be
covered by general leave. mr. burgess: it explains how the health care policies would affect american patients. for 21 health care professionals who signed this letter, it is remarkable that none of our concerns were considered, all were ignored not only as members of the house and senate but as health care professionals as well. the point of the letter, this legislation will do the exact opposite of what the democrats intend. the legislation will kill research and development reduce quality of care and threaten access to life-saving drugs. we are going to see changes to part b reimbursements that will lead to a 40% cut to health care providers who provide care to medicare patients in their office. currently part b reimbursements for administering drugs are a
calculation based off the average sales price plus 6%. now under this new system, part b payments to physicians are going to be calculated off of the maximum fair price. attractive term, but no one knows what it means because it is yet to be determined by whom the secretary of health and human services and we have seen how trustworthy they have been over the past two years. so the current 6% average sales price add-on payments to physicians, that's what doctors have come to rely on which will be based off a government set price versus the traditional price. this results in significant lower payments to physicians. wednesday afternoon late, i offered an amendment to fix this problem, unfortunately that was rejected on a party-line vote.
these payment cuts threaten sustainable practices and will lead, let me say again will lead to physicians closing their doors and when practices close, the patient need does not disappear, care will shift to hospitals and will lead to increased costs and will limit access to treatments for patients across the country. aik attest there are significant consequences -- i can attest there are significant consequences to consolidation. democrats are using medicare as a piggy bank to pay for other things. what other things? oh, like subsidies to insurance companies, they want to reward insurance companies and punish doctors. it makes no sense. this legislation will do the exact opposite of what democrats intend. it is going to kill research and development. it is going to reduce the quality of care and it is going to threaten patient access to life-saving drugs. as the most senior doctor in
congress and someone who deeply cares about the well-being of american patients, this bill is anti-doctor and anti-patient. we will live to see the consequences of this after final passage. i promise you that. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new jersey is recognized. mr. pallone: thank you, madam speaker. i would yield a minute and a half now to another member of the energy and commerce committee, the gentleman from florida, mr. soto. the speaker pro tempore: the gentleman is recognized for a minute and a half. mr. soto: thank you, madam speaker. we have been elected to congress to solve the greatest challenges of our time. and today we are doing just that. we are taking action to combat climate change. we are taking action to lower drug prices for seniors with a $2,000 cap on out of pocket expenses. we are taking action to keep obamacare affordable for millions of floridians. we are taking action by increasing vaccine access with
our happy act, and we are doing it all while reducing the deficit by over $300 billion over the next 10 years. we are lowering costs, we are fighting inflation and we are saving the planet. this is the largest investment to resolve the climate crisis in our nation's history. it will reduce carbon emissions by 40% by 2030. when generations look back from how to, they -- now, they will read about how this was a turning point. how many more category 5 hurricanes? how many more massive wildfires, deadly floods, dried up rivers and record heat waves do you need? how many more seniors have to get sick or die because they can't afford their medication? how many more families have to get kicked off their health insurance? how much longer before you all get it? we're not waiting any longer. the republicans' plan is to do nothing. in contrast, we in the democratic majority will lead. today we will act, today we will
do what is necessary to protect this generation and the next. thank you, madam chair, and i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from kentucky is recognized. mr. guthrie: thank you, madam speaker. i introduce into the record an editorial entitled "tilting at wind mills" which notes that the massive spending bill will reduce global temperatures by .082 degrees. i would like to introduce that into the record and recognize my good friend from iowa, dr. miller-meeks, for two minutes. the speaker pro tempore: the gentlewoman is recognized for two minutes. mrs. miller-meeks: thank you, madam speaker, and thank representative guthrie for yielding me time. i rise today in opposition of h.r. 5376, the inflation reduction act. as a physician and a former director of the iowa department of public health, i'm uniquely positioned to understand the true implications of this bill and how this bill will affect both doctors and patients and rural iowaans are no exception. interestingly, i just heard my colleague talk about how
families were maybe kicked off their health care. it doesn't seem my colleagues on the other side of the aisle cared about that when they passed the affordable care act and premiums rose dramatically. allowing the federal government to set limits on drug pricing will limit competition and drastically reduce innovation within the pharmaceutical industry. innovation also comes even after f.d.a. approval to determine if drugs can be used for more than just their initial purpose. additionally, narrowing the drug formula by drug pricing through medicare and negotiations will end up taking medications that you may already be prescribed and taking successfully, taking them off of the formulary and not being covered. and let me also illustrate, when medicare part d went into effect, the fact that there was not a negotiation by medicare allowed generic drugs as low as $4 a medication. that was tremendously helpful to millions of seniors and continues to this day.
the united states is the leading developer of new drugs, but without market competition, american companies will lose the incentive to undergo cutting edge research. what does that mean to the average person? it means less cures for rather diseases or debilitating diseases. less cures, less treatment for debilitating diseases. inevitably the united states will become dependent on countries like china for pharmaceutical research and development and patients will be limited in their options. and didn't we already see that through the pandemic? additionally this bill will extend to obamacare subsidies enacted in the american rescue plan which don't have income restrictions. rather than helping those who are most in need, the wealthiest americans will continue to see the average benefit. this enormous spending package is bad for iowaans, bad for the economy and bad for all working americans and bad for the future of american innovation. thank you, i yield back the balance of my time. mr. guthrie: i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new jersey is recognized.
mr. pallone: madam speaker, i yield two minutes now to the gentlewoman who is the chair of our health subcommittee, the gentlewoman from california, ms. the speaker pro tempore: the gentlewoman is recognized for two minutes. ms. eshoo: madam speaker, i first want to thank the chairman, mr. pallone, of the energy and commerce committee for his leadership and all of my colleagues on the committee that have worked so hard. i think today is an hallelujah day. and i say this because two of the greatest challenges facing our country are the following. the climate crisis. this is the single largest investment to take the climate crisis on head-on. i hear from as young as first graders in my district caring about this issue. two years ago this time i had 77,000 evacuees from the wildfires in my congressional
district. and so taking on the climate crisis is absolutely essential. seniors, the medicare beneficiaries, their prescription drug prices we are changing today because medicare will be able to directly negotiate and bring the prices down. cap insulin at $35 a month. the senate republicans sabotaged that cap on insulin for all americans. i don't know how any politician can go home and brag about that. the out-of-pocket costs for medicare beneficiaries will not exceed $2,000 a year. we're investing in the i.r.s. my constituents have been waiting for too long for their refunds. added staff is going to expedite the services that the i.r.s. and the american people need from
the i.r.s. and finally, deficit reduction. yes, america, this is paid for. so this is truly an hallelujah day. this is a red, white and blue bill. it's good for all americans and it will advance our collective future of america. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from kentucky is recognized. mr. guthrie: i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new jersey is recognized. mr. pallone: i'd like to yield now to the gentlewoman from florida who chairs the special committee on climate change, 1 1/2 minutes. the speaker pro tempore: the gentlewoman is recognized for 1 1/2 minutes. >> madam speaker, as chair of the house-led committee on the climate crisis and as a mom, i'm proud to say the inflation reduction act is a big climate deal.
ms. castor: this is the largest investment in clean energy and climate solutions ever in u.s. history. and it comes at a crucial time. we must you are jenltly slash climate -- urgently slash climate pollution to avoid the worst impacts and to lower costs, create good paying jobs and build safer, more resilient communities. and today i'm optimistic that america will lead the world in solving the climate crisis and want to thank the young people all across this country who pushed to us take this historic step. the inflation reduction act is also good news for floridians as democrats will lower the cost of prescription drugs, empower medicare to negotiate drug prices, institute a $2,000 cap, and much more. it's a big deal for 2.8 million floridians who purchase high quality health coverage under the affordable care act. with these tax credits, those policies will be more affordable. yes, this is good news indeed. a true people over politics moment for all of our neighbors. their health, their pocketbooks, and the obligation we have to
our kids to provide a livable planet. i want to thank speaker pelosi for her vision, for the climate committee. my chairman, frank pallone, and my colleagues for their inspiring work and i urge a yes vote. i yield back. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from kentucky is recognized. mr. guthrie: thank you, madam speaker. this bill drives a massive bill out of unreliable wind and solar power. not nuclear, not natural gas and not base load power. i'd like to enter into the record a report from the north american electric reliability corporation, the authority on electric reliability, which underscores the risk of blackouts from oversupply of weather-dependent energy. this bill does not do what democrats say it will do. at this time i would like to yield three minutes to the republican whip, my good friend from louisiana, mr. scalise. the speaker pro tempore: the gentleman is recognized for three minutes. mr. scalise: thank you, madam speaker. i thank my friend from kentucky, mr. guthrie, for yielding. and i rise in strong opposition to this bill that will absolutely increase the deficit. it will absolutely increase
inflation. and this bill will absolutely increase energy costs. in fact, there's a multibillion dollar new tax on new energy. i don't hear people saying they want to pay more money for gasoline. you'll be paying not only more for gasoline but you'll be paying more for utility bills in your household which are already skyrocketing because of president biden and speaker pelosi's radical far-left spending. they've already done the last year and a half. but it doesn't end there. $250 billion in cuts to medicare drugs. that's right. for seniors this bill cuts $250 billion out of medicare drug spending to help people in higher income brackets be eligible for more obamacare subsidies. so a massive wealth transfer away from seniors to higher income people to get subsidies for obamacare. and then let's talk about these 87,000 i.r.s. agents.
you think just about any nfl stadium in america filled completely with new i.r.s. agents. that's right. more than doubling the size of the i.r.s. to go after lower income people. and they love saying on the other side, don't worry, it's not going to touch them. there's only one problem. it doesn't stand up to the facts. there was an amendment in the senate right here, very simple, one page amendment to protect people making under $400,000 from new audits by the i.r.s. this amendment was voted down on a party-line vote because they want that army of 87,000 i.r.s. agents going after lower income people and in fact the smoking gun came out this morning. they don't have a full c.b.o. report on this bill. you heard the old adage, you have to pass the bill to find out what's in it. that's what they're doing today. that's why they're rushing this bill through today. it doesn't even have a review from the congressional budget office. but just a few hours ago we got this. and it was a confirmation that the i.r.s. agents will be
getting about $20 billion in new taxes from people making less than $400,000. that's right. the c.b.o. just confirmed it a few hours ago. so president biden, who made that promise, multiple times, if you make under $400,000, don't worry, your taxes don't go up. this bill breaks president biden's promise. it's confirmed by the c.b.o. and there was an amendment to stop it from happening and every democrat voted against it. they wouldn't allow us to bring that amendment here on the floor because they're ramming it through, because they don't want people to know what's inside of this bill. $700 billion-plus in new taxes. budget gimmicks that say for the new taxes over 10 years, they're only going to account for three years of spending which means if you account for full 10 years, it increases the deficit, and of course during inflation times, this crisis we're facing economically, this bill will increase inflation in gas prices. let's reject the bill. go back to the drawing board. i yield back the balance of my
time. i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new england is recognized -- new jersey is recognized. mr. pallone: thank you. i yield now a minute and a half to a member of the energy and commerce committee, the gentlewoman from brooklyn, new york, ms. clarke. the speaker pro tempore: the gentlewoman is recognize. mr. clarke: thank you, madam speaker. i thank our chairman. i rise today in support of h.r. 5376, the inflation reduction act of 2022. this monumental generational investment in our nation's future will lower prescription drug prices, energy costs and extend health care coverage for millions of americans and deliver a vital down payment of resources in our stand against the climate crisis, all while creating millions of well paying jobs across america. moreover, it makes good on our promise moreover it makes good on our promise to fight for the most vulnerable communities now and forever. the journey to today has been
challenge to say the least. i am at long last elated to know that the change americans need and demand is finally here. thanks to the hard work and ceaseless resolve of president joe biden, my deppic colleagues on the senate side and every individual who seriously took their duty to fight tooth and nail to better the lives of every american in our care, our pursuit of progress has never been stronger. so communities of color ark or seenor, pregnant and postpartum people, individuals and families living on low wages an everyone else who has long born the brunt of too many hardships, this legislation is the initial steps they have long-awaited. the inflation reduction act will prevent thousands of premature deaths by improve airing quality in densely populated communities with high environmental justice needs. with that, madam chair -- madam speaker, i yield back.
the speaker pro tempore: the gentlewoman's time has expired. the gentleman from new jersey reserves. the gentleman from kentucky is recognized mr. guthrie: thank you, madam speaker. i yield two minutes to my good friend from ohio, member of the energy and commerce committee, mr. lat tasm the speaker pro tempore: the gentleman is recognized. mr. latta: i thank my friend for yielding. i rise in opposition to h.r. 5376, a bill the democrats claim will reduce inflation when in reality it will do the exact opposite. american families are struggling to keep the lights on at home. far too many people in this country are worrying about the costs associated with putting food on their tables and gas in their tanks. and yet, the majority has decided now is the time to double down on their tax and spend policies with american taxpayers footing the bill. it is also concerning that this bill promotes anti-american energy policies. it will put aside $250 billion at the department of energy to
subsidize the rush to green energy. this is picking winners and losers in the energy market and will scare away investments in base load power sources. american small businesses need access to more reliable energy, not less if the grid becomes too reliant on intermittent green energy sources we'll begin to see manufacturers shutter their operations. though it is hard to see how this bill could be salvaged i did offer an amendment to try to prevent this outcome. my amendment would have required the secretary of energy to certify that the bill would not negatively impact electric grid reliability before funding could be used. considering the devastating consequences that would result for american families and businesses, it makes perfect sense that the government should do its due diligence in examining all possible outcomes. unfortunately the majority chose not to consider my amendment on the house floor today. i urge my colleagues to vote no on this legislation that will
increase taxes on american family, institute price increases to block innovation in medical injures -- medical cure prorks mote irresponsible spending on green new deal carveouts and derays reliability of the electric grid. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from new jersey is recognized mr. pallone: i yield a minute and a half to the gentleman from oregon, a member of the energy and commerce committee, mr. schrader. the speaker pro tempore: the gentleman is recognized for a minute and a half. mr. schrader: thank you, madam speaker. i rise in complete support of h.r. 5376, the inflation reduction act. during my time in congress i dedicated my service to improving our health care system and working to lower the costs of prescription drugs. i'm ecstatic that the bill before us today includes mine and rep. peter' drug framework to rein in drug prices for
seniors and protect innovation. the medicare costs will be transformative. it will allow medicare to negotiate drug prices and provide lasting financial relief to our most vulnerable seniors by establishing a $2,000 out of pocket maximum for spending on prescription drugs. prescription drug costs portions of the bill will proserve the scientific creativity ecosystem that's necessary to the development of life-changing and life-saving treatments and cures and the close to $300 billion deficit reduction portion of the bill will be huge for the overall viability of our troubled medicare system going forward. this will be the biggest improvement in medicare since the inception of pardon d almost 20 years. i'm proud to be a leading advocate in finding a path forward to deliver relief on
prescription drugs. i would like to thank my colleagues in both chambers. i thank you and i yield back the remainder of my time. the speaker pro tempore: the gentleman from new jersey reserves. the gentleman from kentucky is recognized. mr. guthrie: i yield two minutes to my good friend from florida, mr. bilirakis. the speaker pro tempore: the gentleman is recognized mr. bilirakis: thank you, madam speaker. i want to thank my good friend from the great state of kentucky as well. i rise in strong opposition to the inflation recession i.r.s. army act. as the american people struggle to put food on their tables and gas in their cars, democrats bring us here today to raise american's taxes and destabilize our prescription drug market. my colleagues across the aisle want everyone to believe that this bill will drive down the cost of drugs. but they fail to mention that this policy will severely stifle innovation, unfortunately. as a proud advocate for
individuals suffering with cancer, rare diseases, and neurodegenerative deszs such as ample l.s., alzheimer's and parkinson's, i'm committed to seeing cures come to market. but policies like this one will heartlessly jeopardize the likelihood of these breakthroughs. i would like to see my democratic colleagues work with us on the productive solutions found in the lower costs more cures act which would drive down the cost of drugs for the american people but not destroy the innovative research and development that is uniquely american. sadly it seems more thought was put into targeting average americans with an i.r.s. army and over one million new audits than in helping them find cures for their life-threatening ailments, unfortunately. floridian december serve better and the american people deserve better. than this bogus piece of legislation that will raise
taxes and reduce the number of cures and treatments coming to market. i yield back. thank you. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from new jersey is recognized. mr. pallone: thank you, madam speaker. i yield a minute and a half to the gentlewoman from michigan, a member of the energy and commerce committee, mrs. dingell. the gentlewoman is recognized for a minute and a half. mrs. dingell: thank you, madam speaker. i rise in strong support of the inflation reduction act. this land mark package is finally on the house floor, after over a year of hard work and rolling up our sleeves. this bill will serve all americans by bringing down energy and health costs, reversing inflation, reducing the deficit, cleaning up our environment, and sparking a new clean energy economy. it is responsibly paid for and middle class families will not see any increased taxes.
this is a defining moment for tackling the climate crisis this bold legislation represents the single largest investment in clean energy. environmental justice and climate actions in american history. including the greenhouse gas reduction fund and increased investments in both the atvm loan program and the domestic manufacturing conversion grant program. based on legislation i helped write. the automotive industry is fully committed to going electric. while this legislation may pose some challenges in the short term, it will strengthen the long-term trajectory of the automotive industry, our domestic supply chains and american manufacturing. it's bringing jobs home. strengthening our supply chain. and reducing our dependency on
foreign manufacturing. the speaker pro tempore: the gentlewoman's time has expired. mrs. dingell: i urge my colleagues to support this legislation. the speaker pro tempore: the gentleman from new jersey reserves. the gentleman from kentucky is recognized mr. guthrie: i yield two minutes to my good friend from ohio, mr. the speaker pro tempore: the gentleman is recognized. mr. johnson: i rise to highlight my amendment that the majority refuses to even bring to a vote. my amendment is simple. it would amend this so-called inflation reduction act by striking from the bill the methane emissions reduction program which is a fancy term for what could more accurately be described as a tax on american natural gas. in my district in eastern and southeastern ohio oil and gas workers get up every day to produce our valuable natural resources that are used to generate electricity, power manufacture, heat and cool our homes, can cook our food and more recently to use our american natural gas to rescue our european allies who find
themselves under vladimir putin's tyrannical thumb this methane tax yep air dieseses all of this and it represents yet another attack by the majority on american fossil fuels. that have brought more people out of poverty around the world than any other energy source on the planet. when i talk to producers in my district, i give them a lot of credit. these companies, without being asked, are quite literally innovative every day. they use constituent of the art technology to capture as much of their methane emissions as possible and they are proud to do it. and what's their reward? well, they get a new tax anyway. it is also worth noting that the e.p.a. is already working on rule making for regulating methane emissions and the authors of this bill knew that. all to appease the radical environmentalist left. madam speaker, i want to be clear that this isn't, and i quote, a methane reduction program, it's a massive tax on
american producers, american businesses, and american workers. it's a tax on job creators in ohio. it's a tax on hardworking americans trying to heat and cool our homes. and a tax on feeding our families and a tax on the american way of life. we should strike this provision from the bill, madam speaker, i yield back. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from new jersey is recognized mr. pallone: thank you, madam speaker. i yield now a minute and a half to the gentlewoman from minnesota, a member tv of the energy and commerce committee, ms. craig. the speaker pro tempore: the gentlewoman is recognized for a minute and a half. ms. craig: thank you, madam speaker. today is the day that we deliver on many of our promises to the american people. we are going to lower the cost of health care for millions of americans. we are going to invest in american energy independence and reduce carbon emissions. we are going to do this in a
responsible way. as we reduce the deficit in the process. the inflation reduction act takes historic strides to make health care more affordable by capping the cost of insulin at $35 a month for those on medicare. capping out of pocket drug corses for our nation's seniors at $2,000 a year. and empowering medicare to negotiate drug prices for our seniors. we also extend the a.c.a. tax credit, ensuring that we continue along the path of these historic rates of uninsured in our nation. we are going to make the largest investment in clean energy in our nation's history, reduce carbon emissions by 40% this decade and invest in biofuels infrastructure for minnesota's family farmers. colleagues, today, the will of our constituents will prevail over special interests.
at least on this side of the aisle. this legislation will make a real difference in reducing costs for working families. i'm proud to support it and i encourage my colleagues to do the same. thank you and i yield. the speaker pro tempore: the gentleman from new jersey reserves. the gentleman from kentucky -- also reserves. the gentleman from new jersey is recognized. mr. pallone: thank you, madam speaker. i yield a minute and a half to the gentlewoman from washington state, dr. kim schleyer. the speaker pro tempore: the gentlewoman is recognized for a minute and a half. ms. schrier: thank you madam speaker. i am so excited to vote today for this climate and health care bill and here's why. this bill is the answer to the questions that my constituents have been asking since day one. here's what i'm hearing. dr. schrier, you have diabetes too. i can't afford my ininsulin, i
have to ration at the end of the month, won't you do something? here's the answer. $35 a month insulin. i'm a senior, i have a fixed income, i can't afford high drug price, iwhy can't medicare negotiate them? here's your answer. medicare getting the power to negotiate the costs of prescription drugs. also, i'm a senior, there's too many out of pocket costs for me -- this caps them at $2,000. and finally right now we have fires burning in washington state. and i have farmers who have seen reduced crop yields because of extreme heat. and they say, can't you do something about climate? and here's the answer, the biggest investment in climate solutions that we have ever had. this bill brings relief. it brings financial relief to families who are feeling the high inflation and gas prices and you know how it does it? by finally making sure that the wealthiest corporations pay
their fair share of taxes and it does it without raising tax on middle class families. i am so excited about this bill because it answers the requests of the people i represent. and that's why i am so excited to vote for it today. i yield back. the speaker pro tempore: the gentlewoman's time has expired. the gentleman from kentucky is recognized. mr. guthrie: i yield two minutes to the gentleman from texas, mr. the speaker pro tempore: the gentleman is recognized for two minutes. mr. pfluger: thank you, madam speaker. i'd mr. pfluger: i rise to speak against the so-called inflation reduction act, the piece of legislation that weakens america, that weakens our businesses, increases the cost of energy for all americans and our families. and funds a new $87,000 person army of i.r.s. agents that are coming after low and middle income families. here's a good rule of thumb for this legislation. if you up of biden's chosen gree new deal companies, you'll get a
handout from american taxpayers. for smaller american independent producers in district like mine, the permian basin, your reward for keeping the lights on is a new, poorly conceived natural gas tax that will raise the cost of everything and give china an edge on our american manufacturers. in fact, i offered an amendment to strike this provision but democrats voted it down in rules committee. voting against u.s. energy and voting for foreign energy. the democrat response is tax credits for the rich, a slush fund of loans to their favorite green companies, and more regulatory red tape to drive up energy costs for all of us. families are having to decide whether to fill up their tank or pay for everyday essentials at the grocery store because of high gas prices due to president biden's policies. but the crowning achievement of this legislation won't be inflation reduction, it will be a making america more dependent on our adversaries. more dependent on our adversaries for energy and
dependent on china for critical minerals. if the goal is to reduce base load reliable power sources and increase our dependency on foreign nations, you are succeeding. if their goal is to create regulatory red tape to drive up energy cost from main street businesses an families, you are succeeding. if their goal is to help american families and small businesses, this piece of legislation is a fail. america asked for relief. and instead democrats will deliver new and higher taxes that will be enforced by an 87,000-person i.r.s. army. i urge my colleagues to vote for america and against this bill. the speaker pro tempore: the gentleman's time has expired. the gentleman from kentucky reserves. the gentleman from new jersey is recognized. mr. pallone: madam speaker, i recognize for 1 1/2 minutes the gentlewoman from texas, member of the energy and commerce committee, mrs. fletcher. the speaker pro tempore: the gentlewoman is recognized is recognized for 1 1/2 minutes. mrs. fletcher: thank you, mr. chairman. today is a historic day.
today we will vote on the question of whether to allow medicare to negotiate the price of prescription drugs and cap out-of-pocket costs for seniors. lower the cost of health carement implement smart energy policy to reduce emissions, fight fly mat change -- climate change, invest in american informing, and reduce our deficit spending by $300 billion. we answer these questions yes by voting for the inflation reduction act. as a representative of the energy capital of the world where we lead in energy technology and investment, i want to respond to some of the things that we just heard because i am particularly proud of the work that we have done here to ensure that the historic methane emissions reduction program will actually reduce greenhouse gas emissions, make it possible for energy companies of all sizes to reduce their emissions through a grant program, and ensure that the united states remains the global
leader in energy production and in energy innovation and technology. and we do this by voting together for this historic bill today. thank you, madam speaker. i yield back the balance of my time. the speaker pro tempore: the gentlewoman from new jersey reserves -- the gentleman from new jersey reserves. the gentleman from contract c mr. guthrie: reserves. the speaker pro tempore: the gentleman from new jersey is recognized. mr. pallone: i yield one minute to the gentleman from california, mr. garamendi. the speaker pro tempore: the gentleman from california is recognized for one minute mr. garamendi: i thank you, mr. chairman. madam speaker, the historic inflation reduction act lowers everyday costs americans are struggling to afford. by cut the price of prescription drugs, by making the largest ever investment in climate action, and by reducing inflation. all of this without raising taxes on middle class americans. and also paying down the national debt. for too long the price of lifesaving prescription drugs has bankrupt american families.
no more. this bill caps out-of-pocket drug costs at $2,000. and allows medicare finally to directly negotiate the price of drugs. similarly we must address the increasing cost americans are bearing at the hands of climate change. this bill's $369 billion investment in climate action will unleash a renaissance in clean energy technology creating millions of new high-paying manufacturing jobs and build the next generation of american energy and transportation. i support this legislation. i call upon my colleagues -- the speaker pro tempore: the gentleman's time has expired. mr. gira mendy: to pass this legislation. i yield back. the speaker pro tempore: the gentleman from new jersey reserves. the gentleman from kentucky is recognized. mr. guthrie: i'd like to enter into the record a bloomberg news story reporting how power costs are forcing u.s. factories to shut down. featuring a mill in my district.
this underscores the risk to our nation's competitiveness that these policies bring about. this bill will not do what those on the floor say that it will do. i now yield two minutes to my good friend from georgia, mr. carter. the speaker pro tempore: without objection. the gentleman from georgia is recognized for two minutes. mr. carter: madam speaker, i rise today in strong opposition to the inflation expansion act. which includes deeply troubling proposals that will kneecap medical innovation and harm paish yernts' access to -- patients' access to cures. 40 years i was behind the counter. i told the patient how much the prescription would be. i was the one who witnessed the senior citizens making decisions to buy medication or groceries. i had to tell the mother how much the antibiotic would be and see her in tears trying to find the money to pay for t i know all too well about prescription drug prices. today i'm behind the podium as my democratic colleagues decide whether to mortgage those same
patients' health and well-being for a political win. this is immoral and it must be stopped. the united states leads the world in medical innovation. i have watched it. i have seen it. as terminal illnesses became treatable with a simple bill. i have seen the relief on the patient's face when they hear a new treatment is available for their once incurable disease. this bill err rad cats hope. err rad case -- eradicates hope. this legislation goes about it in all the wrong ways. pharmaceutical companies are the drivers of innovation that deliver lifesaving cures to patients. however this legislation will result in dozens, possibly hundreds of fewer cures over the next decade. i tried to fix this self-imposed problem in the rules committee on wednesday, but it was rejected. i also introduced an amendment to block the federal government from funding radical green
lobbying groups, that was rejected. there is no excuse for the federal government to steal billions of dollars from taxpayers, including $1.5 billion in funding for treat equity, while inflation sits at a 40-year high. medical professionals are sworn to do no harm. it's time congress took the same oath and quit our assault on taxpayers and mostly on patients. i urge a no vote. i yield back. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from new jersey is recognized. mr. pallone: thank you, madam speaker. i yield one minute to the gentleman from maryland, mr. mfume. the speaker pro tempore: the gentleman from maryland is recognized for one minute. mr. mfume: i want to thank the chairman for yielding. madam speaker, this is really about people over politics today. i'm glad that people all over the country are watching and listening to this debate. it's not about the wealthy, the well connected, and the well off. it's about people who believe like many of us that we have gone too far without lowering the costs of medicine for
everyday people. by reducing and capping costs where they are. the 35 cap -- $35 cap on insulin. find ago way to close the real gap that exists in terms of affordable care. and extension of the subs subsi, tackingling the climate crisis allowing consierms and homeowners to do what they need to take advantage of the tax subsidies. most of all it says to everyone else this is paid for. this is not a tax bill. it is paid for. it's paid for by making sure that the wealthiest and corporations who really get out of paying taxes don't get out of paying taxes anymore. so it's not about the wealthy, the well connected, and well off. it's about people all over this country in baltimore and elsewhere who want and need this legislation. i yield back. the speaker pro tempore: the gentleman from new jersey reserves. the gentleman from kentucky is recognized. mr. guthrie: reserve. the speaker pro tempore: the gentleman from kentucky reserves.
the gentleman from new jersey is recognized. mr. pallone: thank you, madam speaker. i yield one minute to the gentleman from indiana, mr. mrvan. the speaker pro tempore: the gentleman from indiana is recognized for one minute. mr. mrvan: thank you, chairman pallone, for the time. i rise today in support of the inflation reduction act. historic measure that takes action to lower costs for individuals and families in northwest indiana and throughout our nation. of particular importance to me are the provisions that finally address the unfair disadvantage our seniors face when deciding between missing a meal or a prescription drug. as a local elected official, i sat at the table with individuals making those choices. and we were able to find solutions. in this i appreciate more than anything that under this legislation medicare will negotiate certain prescription drug prices, limit out-of-pocket costs for insulin at $35 per month, and for the first time ever cap medicare d out-of-pocket drug costs at $2,000. it is to the seniors' advantage to have this passed.
this is a real progress that provides real relief to seniors. i urge my colleagues to join me in supporting this critical legislation. thank you, mr. chairman. i yield back my time. the speaker pro tempore: the gentleman from new jersey reserves. the gentleman from kentucky is recognized. mr. guthrie: thank you, madam speaker. i yield two minutes to my good friend from ohio, mr. balderson. the speaker pro tempore: the gentleman from ohio is recognized for two minutes. mr. balderson: thank you, madam speaker. thank you, my neighbor to the south. madam speaker, i rise in opposition to h.r. 5376. today we are voting on a bill that archives the exact opposite of what its name implies. here's what's in the $745 billion inflation reduction plan. raises taxes on businesses in the midst of a recession. forces us into a socialist drug pricing scheme leading to fewer lifesaving cures, higher cost, and less hope. it hires 87,000 more i.r.s. agents to spy own. makes it more expensive to heat your home and a new tax on american natural gas and wastes
$27 billion on the e.p.a. climate bank charged with handing out all your tax dollars to woke energy corporations. they are throwing your hard-earned money at the green new deal dreams while carrying out their misguided threats to eliminate fossil fuels. just look at europe's energy crisis to see the true cost of the rush to green agenda. rather than unleashing america's abundant energy resources, this legislation raises taxes on energy production and imposes restrictions on local producers in my district and in ohio. instead of helping bring down prices at the pump for hardworking americans, this bill gives away $7,500 tax credit for the wealthy to buy and upgrade their electrical vehicles. what does this mean for ohioans? higher prices, energy insecurity, and tax hikes. this bill only makes matters worse. i urge a no vote on h.r. 5376. i yield back. mr. guthrie: reserve. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from new jersey is recognized.
mr. pallone: thank you, madam speaker. i now yield a minute to my colleague from new jersey, mr. kim. the speaker pro tempore: the gentleman from new jersey is recognized for one minute. mr. kim: thank you, madam speaker. in 2018 i was at a home in a retirement community along the jersey shore. a gentleman pulls me aside and in a whispered voice shared with me he pays over $500 a month for prescription drugs and couldn't keep up. he resorted to halving his pills. he told me he was a proud man but i could hear a quiver in his voice because he felt bad that he couldn't provide for him and his wife. he said he worked hard for his entire life but he can't do this on his own. i told him it was not his fault. that prices have been skyrocketing and that medicare has not been able to negotiate prices. that here in the richest, most powerful world -- nation in the world those who worked hard over the course of their lives are left to fend for themselves. halving their medication, how sad is that? i come to the floor of the house
today to say that this stops here. medicare will be able to negotiate and because of that gentleman and many others i heard from, i decided to help author the provision to cap the out-of-pocket for seniors, $2,000 a year, which is about $166 a month. seniors have been waight too long -- the speaker pro tempore: the gentleman's time has expired. the gentleman from new jersey reserves. the gentleman from kentucky is recognized. the gentleman from kentucky reserves. the gentleman from new jersey is recognized. mr. pallone: madam speaker, may i just inquire amount of time that exists on both sides? the speaker pro tempore: the gentleman from new jersey has five minutes. the gentleman from kentucky has four. mr. pallone: thank you. madam speaker, at this point i would yield one minute to the gentleman from ohio, mr. ryan. the speaker pro tempore: the gentleman from ohio is recognized for one minute. mr. ryan: madam speaker, this is an american bill. apple pie, mom, and baseball. red, white, and blue. this is for the exhausted majority of the people in this
country. democrats, republicans, independents, versus the extremists. if you think that this town's been spending too much money, we need to reduce the deficit, we do that by hundreds of bills of dollars. if you think seniors are taking it on the chin, we help them with prescription drugs and $35 insulin payments. if you think we need to increase production of natural gas, that's in this bill to create jobs here, lower costs here, to create jobs here, to knock putin's knees out from under him and the most exciting thing we double down on finally having an industrial policy in this clint to out-compete china. we are going to build things. on top of the infrastructure bill and the chips act we're going to build electric vehicle, electric car, electric tractor, battery, solar, wind, we are going to rebuild the middle class. while the other side wants -- we want to fund our kids' future
here in the united states. the speaker pro tempore: the gentleman from new jersey reserves. the gentleman from kentucky is recognized. mr. guthrie: thank you, madam speaker. there's nothing in the bill that increases production of natural gas. the methane emission reduction program is a natural gas tax that will impact the entire community. it will make everything more expensive. it'll increase the cost of food, fertilizer and food. millions of americans use natural gas to heat their homes. this bill will give e.p.a. sweeping authority to expand the natural gas tax to other sectors including agriculture. there are no guardrails to prevent e.p.a. from ratcheting up the natural gas tax in years ahead. i now yield two and a half minutes to the gentlelady from tennessee, mrs. harshbarger. the speaker pro tempore: the gentlelady is recognized for two minutes.
mrs. harshbarger sprk thank you, madam speaker. -- mrs. harshbarger: thank you, madam speaker. this bill is detriment -- detrimental to american's wallets and their ability to keep their heads above water. this tax will impact every single part of our lives. it will be more expense toiv heat our home, buy necessities and decentivize manufacturing of thousands of thousands of goods we use every day. this is chock fall of -- full of green new deal slush funds we cannot afford to pour billions that we don't have into programs that cut our gas and oil industry off at the knees, an industry that's already suffering greatly under the biden administration. this attack on our retinery -- refineries could lead to higher gas prices. i know it's hard to believe but it's true. it leaves us exposed and more
reliant on our enemies. as a licensed pharmacist for over 30 years the most concerning part of this socialist scheme is that the government will now have authority to set pricing on life-saving medication. and when they set oh to price it'll be out of reach of the americans who need it the most. the tip of the day is you never want the government in control of pricing anything. this act will directly take away hope from seniors in as many as 100 plus cures will be in jeopardy. there'll be no incentive for companies to develop cures for rare and ultra rare decides. this encourages companies to spend less on research and development and more on the poll toisks all. the last thing anyone needs is higher prices for prescriptions and rising insurance premiums. members on the other side of the aisle continue to push an agenda that america does not want.
this bill is horrendous douse. it's an abomination that democrats would go to such lengths as far as risking the health and safety of the people they swore an oath to represent just to push their radical liberal agenda i urge my colleagues to consider the lives that will be negatively impacted by the radical bill and hope to see all members of the house of representatives make the right dig for america with a no vote on this far-left inflation expansion act. i yield back. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from new jersey is recognized mr. pallone: i reek nice for one minute. i just want to take this opportunity to thank the staff, my committee staff, who worked so hard on this legislation for so many years and this day would not be possible if it wasn't for their dedication and constant perseverance. tiffany, waverly, rick, jacquelyn, saha, rick, tuly,
caitlyn, adam, anthony, tyler, medina, jacquelyn, dustin, megan, otimia. and let me just say we're waiting for a couple more speakers but i want to say i cannot emphasize enough the significance of this legislation. in terms of reducing costs for seniors through negotiated prices for medicare. extending the affordable care act which has made so many people have health insurance that didn't have it before. and also addressing climate change. really the greatest crisis of our time there's nothing that could be more significant than this legislation. the speaker pro tempore: the gentleman from kentucky is recognized. the gentleman from kentucky reserves. the gentleman from new jersey is recognized. mr. pallone: i would like to continue to verve. mr. guthrie: we're at a stalemate.
from california, mr. mccarthy. the speaker pro tempore: the gentleman is recognized. mr. mccarthy: thank you, madam speaker. today feels like a little deja vu. feels like we're sitting back, was it february of last year? america is on a brink, the world is warning the majority party if they follow through with more of their spending, they could create inflation in america. wasn't just on our side of the aisle that warned you. no. former secretary of treasury, he warned if you went through with that $2 trillion that inflation would rise and america would be harmed. but nobody listened on the other side. they were proud, they were going to cheer, they're going to get elected, they're going to win based upon. this they went ahead, they
passed that bill with one party control. in the house and in the senate and the president signed it. if we listen to steve ratner, democrat adviser to obama, he calls it the original sin of inflation. if you listen to the american public, madam speaker, i hope every single member asks their constituents, could they give one month's salary up, could they afford to give a month's salary up? i would love it if anyone can come back and tell me anyone who says yes to that. the sad part about it, everybody in america who is paid on a salary lost more than a month because it was deja vu all over again. it was exactly that vote that took more than a month's salary frefer american that's paid monthly. we've got a president, madam
speaker, who thinks inflation is zero. i guess that's why we're back to where we are again. today the people's house should be working to answer our country's call to address the rising prices of gas, groceries, and just about anything else that americans buy. i haven't heard one debate on this floor today about how we're going to low they are gasoline price. i'm not sure but i guess, madam speaker, on the democratic side, they think if they raise taxes somehow that'll make the price go down, not up. they've proven to be wrong. instead, madam speaker, moments from now we'll take up this misguided, tone-deaf bill, i believe the largest tone deaf bill i've ever seen in this chamber in 232 years. democrats more than any other
majority in history are addicted to spending other people's money. regardless of what we as a country can afford. madam speaker, i almost see glee in their eyes. i wonder, and i know there's not a lot of them here because they can vote by proxy, it's the only chamber in the history of america that has ever allowed that. not even on the senate side. not even during war, not even during plague. but this body has and this body continued it, just extended it. this bill wasn't debated here. wasn't talked about. but a lot of people are going to phone it in. they started this congress with trillions in wasteful spending that caused runaway inflation. their answer was to blame
everybody else. now their answer is just to deny there's inflation and say it's zero. but today, now, they're cheesing to -- choosing to end the session by spending half a trillion dollars more of your money, raising taxes on the middle class, and giving handouts to their liberal allies. madam speaker, the house is not in order. thank you, madam speaker. unlike most of the democrats, madam speaker, i have read this bill past the title. and the -- and the facts about this bill are just astonishing. it sends $27 billion to a fraudulent national climate bank. put that in perspective. that's trip they will size of the e.p.a.'s current annual
budget. madam speaker, as i go across the country, i look through the gas stations, people cry about how much it's costing them. chose to raise it higher but not to give relief to the american public. by lowering the gas price. along with that slush fund that hands out tax credits like candy with no accountability. but when it comes to natural gas which heats our homes, cook ours food -- cooks our food, it raises taxes. to fund their socialist scams, your energy prices will now go through the roof. madam speaker, i look forward turnover democrat who votes for this bill be it in person or how they phone it in by proxy, how do they explain to their constituents this winter, when they're making a choice. about whether they pay the
energy to heat their homes or they cut back on the gas to fill their tank. they no longer even buy the food they look at the grocery store because it comes too high, they have to change. madam speaker, as they continue to raise trillions after trillions, everybody warns them what they do is wrong. they don't care. they just want to double down to the mistakes they've already made. and don't expect drug prices to come down either. this bill would cut treatments and hinder new cares -- new cures by giving bureaucrats the power to decide what drugs seniors can access. reduces your options, raises your costs. that's ok, that's their flues fism they know best. just like they knew best when they thought $2 trillion would help. they called it the american rescue plan.
you now have time to see what you have done. explain to me the american rescue plan, when it raised inflation that took a month's salary from the american public, what did it rescue? who did it help? answer me this answer me this question. is america better off today than two years ago? is the price of gasoline lower? it is? the price of gasoline is lower today than it was two years. i guess you believe inflation is zero, too. i'm not sure about your math. is grocery lowerrer than it was two years ago. are the car prices lower than it was two years ago? are the food prices? i would love a natural debate right here. why don't we have that? because the american people are
having a challenge. one of the most successful businesses in america is wal-mart. when wal-mart wants to look at where the economy is in america, they don't go hire economists. you know what they do? they just check the data of americans on what they buy. for those who answered yes, you ought to study it, too. you know what? they look at four products. they look at hamburger buns, hot dog buns, whole wheat and white bread. you know what? if the hamburger buns sales go down and hot dog buns go down and the while wheat sales go down, and white bread goes up? you are in an economic cry sis. people can no longer make a decision to have hamburger with hamburger buns, they have to put the white bread there. for all of you who said why, get out of washington for a moment
and go ask your constituents if they are better off today than two years ago. because no, gas is not lower. gas is higher. and no, the car prices are higher. and their food prices are higher. and they are going up each and every day. i can't believe you would say yes. you probably believe the american rescue plan was a good bill. you probably believe it's putin's fault, too. passing this bill today means more expensive bills for americans tomorrow. and everyone who says otherwise isn't telling the truth. but of all the bad parts of this 700-page bill, the massive expansion of the i.r.s. is the most chilling. madam speaker, i wonder if we
could ask the same question, oh, boy, i emimagine -- imagine america will ask that. just roughly 87 more days. they won't just ask it, they'll answer the question even if it's not asked if they are better off than two years ago. they'll probably ask the question, is america better off with 87,000 more i.r.s. agents? currently the i.r.s. has almost 80,000 employees. so you're going to smile, you're going to vote for it, a lot of you are going to mail it in because you are going to vote by proxy. air going to pass a bill you never debated. people voting by proxy. you are going to double the size of the i.r.s. have 80,000 employees. you know what they also have, 4600 guns. five million rounds of ammunition. why? democrats want to double its already massive size.
you are going to spend $80 billion of hard-earned american taxpayer money to hire an army of 87,000 new i.r.s. agents. why would you even propose that? because you say, it pays for the bill. madam speaker, the house is not in order. the speaker pro tempore: the house will be in order. mr. mccarthy: i got plenty of time. i think i will. i appreciate the encouragement. i think america needs the encouragement. you know what? america actually needs a plan that works. why if you passed an american rescue plan that caused inflation that we haven't seen in 41 years, why, if you went after the fossil fuels of america that raised the price of gasoline that americans haven't seen before, why do you keep harming the american public and you think doing exact same thing is your answer to save it?
but while this bill doubles the number of i.r.s. personnel, it does not expands due process protections for the american people. worse, it includes no income floor who can be audited. so the same people on the other side of the aisle, madam speaker, that says we are better off than we were two years ago that somehow i don't know where they get their gas but they said their gas price is lower, let me know. i need to fill my tank up. when you say that you're not going to go after ever american -- every american to audit, just like you are not being honest about what caused the pain to this country. you have no plan to solve. it you double down to the same thing you did before. based upon the past numbers, we
know this would mean 710,000 new audits for people who make under $75,000. so someone who makes under $735,000 -- $75,000, you think they need to pay for this. so what you're going to do is you don't trust them. madam speaker, you say you don't trust the american public. that you're not going to hire all these people for the i.r.s. so they could be there to help people fill out their tax returns. no, these people are going to you a dit them. we are going to double size. and they are going to go after you. you see, there is a philosophy here, madam speaker. one side of this aisle believes in the american people. one side thinks they know best. even when the gas pr price price has risen, you think it's lower. sorry to tell you, madam speaker, the president admitted
the gas price shier but he thought it was a good thing. it was a good thing because you think everything can buy a new car. well, we are going to audit you because we need to go after you because we think you're not fair, you're not honest, and we are going to make you pay for something else. pay for the things we care most about. it costs individuals thousands of dollars in attorney fees, compliance costs just to be audited by the i.r.s. imagine what you would do with an extra $10,000 a year. imagine how much better you could have used it than the federal government. somehow you think it's best. you think it's best. that's how democrats pay for their pet projects. your pocketbook is their plan to fund more inflationary spending.
this is just a train wreck just waiting to happen. with this new power the i.r.s. will snoop around in your bank account. your venmo, small business. then the government will shake you down for every last cent. in light of this week's events, let me ask. do you really trust this administration, the i.r.s. to be fair? to not abuse their power? with madam speaker, as i travel the country, a loft people, different names, work at the i.r.s., lois learner and others, even when it comes to light government is powerful, government is big. government can take as you have
proven you have taken so much from the american public. but now you want to intimidate them. i watched democrats weaponize the government before. and i don't trust them now. madam speaker, mark my words, long after the headlines of this week fades, we'll look back on this very day and on this bill as the one that broke the camel's back. i'm sure, madam speaker, as the months progress there will be new blame, there will be new problems. it will be those who own the gas station. probably blame the small families that had to buy the natural gas for their price going higher. somehow you'll blame putin again. and somehow you'll tell the american public, no, your price isn't higher, you are better off and there is zero inflation teen
though -- even though you take home less, everything costs more. let me tell you about the future the democrats want for america. the future that we can expect if this bill passes. much like the one before. when wealthy americans are getting tax breaks to buy luxury cars, but you can't afford to even fill up your tank. blame this bill. blame the democrats. when store shelves are empty because more american manufacturers have gone under, blame this bill. blame the democrats. when government agents are knocking at your door and threatening your business, blame this bill. blame the democrats. when your loved ones are left without the cures they need to fight a rare disease, blame this bill.
and blame the democrats. my friends, that is exact choice for us today. now, i know a few democrats showed up and i hopefully all those who are voting by proxy are watching on tv because they must be home sick because that's what they said. i hope they spent the time to read it. i don't know if they read the american rescue plan, but they know the damage they have done. america feels it each and every day. each and every day. madam speaker, i guess the next question would be, it will be interesting to hear the side, the answer from the other side if you think gas is cheaper than it has been two years ago, you think the prices at the grocery store are lower than it was two years ago, do you think the border's more secure than it was
two years ago? someone said, yes. madam speaker, i'm going to introduce a bill to rename this place fantasyland. because i hope you go home, i hope you take the smirks off, i hope you actually read your obituaries. because fentanyl has now become the number one killer of americans between the ages of 18 and 45. it's not something to smirk about. i'm sure you got power. you are in the majority. but you abuse the power, madam speaker. when you abuse power like that, people die. every walk of life we are seeing it day in and day out. i remember the headline six college kids down in florida this summer. they weren't in a fraternity or sorority. they were in the military
academy. six of them o.d.'d. four took the drug. two did no. two simply gave them mouth to mouth. you think it's important to double the size of the i.r.s.? but you're not going to do one thing for the border? i remember right after you took the power, you took over the house, senate, the white house you decided to change the policies. we watched what has come across the border. i took a trip down there. i remember going, talking to the agents, they were telling me they have never seen anything like this before. what do you mean? we are catching people on the terrorist watch list. what? on the terrorist watch list? really? i didn't know there was that many people on the terrorist watch list from the triangle is etra america. no, we are catching them from
yemen. people come from 160 different countries across this border now. they bring their fentanyl from china. i did a press conference and talked about that. madam speaker, i thought people from both sides of the aisle would be very concerned about hearing people on the terrorist watch list coming into america. knowing what has happened in this country before. and would want to keep it safe. i was shocked. they didn't ask me for more information. they called me a liar. we provided the proof. nobody apologized. that's ok. you don't need to apologize. i wish you would do something about it. they continued to stay silent. then they fought to get more information. i fear to tell you that that's happening each and every day. there's not one new piece of money in here to secure that
anymore. it will stop as colleges open back up, college students on the week can go to their snap chat, think they are buying a xanax and don't wake up the next morning. but that's ok. because you just gave a break to one of your big donors that makes a lot of money that's going to buy an electric car. . it's ok because you feel good about what you're going to do. i guess that's why you don't show up to vote uric just vote by proxy. a vote for this bill is a vote to help the well-connected get further and further ahead while leaving the needs of hardworking american families behind. yet you could be forgiven for not understanding the gravity of today's vote. for such a supposedly historic
occasion, few democrats even bothered to show up. look around this chamber, madam speaker. the floor is nearly empty. if democrats really truthfully want to raise your taxes on americans during a recession, that's their choice. that's power they have. they've proven it time and again and they will do it. the very least you can do, madam speaker, is show up in person if you're going to vote yes. show up in person to the american public. for those that chant yes, gasoline is lower than it was two years ago, yes, the border is safer than it was two years ago, don't say it when the cameras are off. don't say it when people can't see who is saying it, go to the mics. if you believe it, go to the mics and say it. better yet, tell your district about it. because they know differently.
america knows differently. if you want to vote yes you should have the courage and the decency to show up and do that many person. yet, madam speaker, speaker pelosi extended proxy voting again on wednesday. allowing democrats to hide their faces and vote to take your money in the comfort of their summer vacations. absolute power corrupts absolutely, madam speaker. famous quote. there's lots of lessons people learn. normally the lesson that you learn the most is when you cause the most pain. i guess creating inflation you haven't had in 41 years,
creating shortages when there's no baby formula. gas prices that we haven't seen since jimmy carter was in office. a border that's wide open. a government, madam speaker, that had an attorney general call parents terrorists because what did they do? they went to a school board meeting. why would they go? why would -- parents go to a school board meeting? because they wanted to know what was happening to their kids' education. the lost learning of the years of the pandemic. if you question authority you're going to be called a terrorist. how far would we go to be able to have the rights to do that? we're going to find an organization, a union, that sends a let sore we can do it. when the public finds out why, the union pull theirs letter back but the a.g. doesn't pull
back their power. they have power, they should use it. is that why you want to double the size of the i.r.s.? is that why you want to double the size of the i.r.s.? to go after americans to use it? earlier today, we had 80 democrats use a proxy vote. as we approach this final vote on this bill, determined by how long i speak i expect that number might increase. if you think about it, that's the story of this democrat majority. they will destroy our economy and mortgage your future. but can't be personally bostonnered to show up to make the trip to d.c. to do their jobs.
what a disgrace. what a disgrace. i'll promise the american public that that will all change. if you run for office, if you're going to tell the american public, you're going to ask them to lend their vote, to lend their voice, to go to washington for two years to represent them, you're going to show up. you know what? the bills are going to be in committee. the bills are going to be read. they're going to be debated on the floor. and you're not going to hide in your vacation home and raise taxes on the american public. i'll even go further. we'll lower your gas price. we'll make america energy independent. we won't punish natural gas. if you care about the environment, american natural gas is 41% cleaner than russian
natural gas. we'll make abundance of it. so those people who are living on a $75,000 income that watched it get dwindled under your leadership, under your american rescue plan that simply took a whole month's salary away from them where they had no say, you celebrated, you cheered it. then you blamed everybody else for what you created. we'll tell you it will cost less. for the patient that gets the phone call, maybe their kid is home, that doesn't wake up. because they went out to purchase something, it wasn't fentanyl but it was laced with fentanyl.
we'll make sure that stops. you know, it's august. right now is normally the time people have barbecues. but now the price is high. now the price people question whether to even get the hot dog buns. they're going to turn on the tv, they're going to watch an empty chamber, they're going to read it online, 80 democrats took that vacation and voted to raise more taxes. voted to spend more of their money, and looked into the camera and smiled and said we know best. we want to take more of your money because we got to hire and
double the size of the i.r.s. because we want them to knock on your door. because we think you're not honest. we think you can pay more. if you don't, we've got an a.o.g. that will come after you. go to that school board meeting, we'll look in your eyes, take your name down, wonder why you care about your kids' education. madam speaker, that will end too. because we're going to provide the american public with a parent's bill of rights. we think the parents should have a say cey in their kids' education. we think parents should know what's being taught at their kids' school. madam speaker, i haven't watched under this leadership, a
democrat voted proxy who wasn't even in america. so i wonder, were they in another country to get health care? were they sick? no, no, no. they were in france. at a wedding. when they phoned that vote in, i wasn't quite sure. do you think at the wedding the member was reading the bill on the phone? so that member knew how to vote? i'm not sure it came through committee. i don't know how much debate they had on this because the senate did this bill. what a disgrace. i urge all my colleagues to reject this out of touch bill. reject the crushing new taxes.
reject the ballooning of government. reject the spending of things that we don't need with money we don't have. madam speaker, i can wait if you need to continue. but most of all -- but most of all, i urge my colleagues to remember this day. remember this day because it will be the last time the house will operate so reckless and irresponsible. a new day is coming with a new plan to put america back on the right track. it will be a commitment to america.
there'll be fiscal responsibility. there'll be energy independent where your gas lean price will be lower and plentiful. your home heating costs will lower, not rise. we won't pick one energy over the other. it'll be all of the above so america can be stronger. that your border will be secure because fentanyl and terrorists will not be coming across. this border is a national security issue. that we will focus on bringing supply chain from china back to america. not what this bill does this bill takes american taxpayer money and sends it to china. trip they will size of the e.p.a. of the climate. i imagine china is cheering because they see their economy is going to rise. their government doesn't have to
vote for a stimulus. because that's exactly what you're doing here. what's even great, china will look and say, can we make sure america can send all that money here? don't worry, the democrats doubled the size of the i.r.s. they'll get that money. and make sure it comes. and in the commitment to america we believe people show up to go to work. that you earn your paycheck. you don't phone it in. madam speaker, when i handed the gavel to speaker pelosi last year, i said that a house distracted cannot govern. today as this majority jams through yet another partisan spending spree, it is clear to me that an absent house cannot
lead. i trust the american people. i know it is the people who will render the ultimate verdict on today's actions. and when they do, 87 days from now, my democratic colleagues will have only themselves to blame. madam speaker, i'm not sure what's happening on your side of the aisle, that members actually believe gasoline is less than it was two years ago. madam speaker, i'm not sure what's happening on your side of the aisle that your colleagues believe the border is more secure than it was two years ago.
madam speaker, i'm not sure what's happening on your side of the aisle that your colleagues believe the price of groceries is less than it was two years ago. madam speaker, i'm not sure what's happening on the other side of the aisle that your colleagues believe doubling the size of the i.r.s. is a positive thing. yes, i come from a different party, and yes, i have a different philosophy. but we're all americans. and madam speaker, you're going
to inflict this pain on every single american. madam speaker, i'm not sure on your side of the aisle thinks this is going to do anything to lower the price of inflation. i do know, madam i do know, madam speaker, one person on other side of the aisle, in the other chamber, barry sanders, spoke the truth. the senate won't. i know on your side of the aisle, madam speaker, not everybody believes the same. former secretary of treasury warned you before you did the american rescue plan that it would bring inflation and he was right. even the current secretary of treasury finally apologized, said they were wrong. the president said it was going to be transitory. said it had peaked. said it was everybody else's fault but now he says it's zero. madam speaker, i guess i do
understand why your side of the aisle now believes all that. i just know america doesn't. because every day america goes to the grocery store, the prices increased. every week when they fill up their gas tank, the price is higher. every month when they cash their check, it goes less, not as far. madam speaker, if the border was really more secure than it was two years ago, why is the d.c. mayor now asking for the national guard when she wouldn't even ask it when there were riots in the streets? madam speaker, colleagues on the other side can lie to me, but they can't lie to america. 87 days from now, it doesn't
matter how you try to answer those questions. the american people will. i remember when we were at this stage once before. we had somebody in the white house who put a sweater on, he told me to turn the heater down, that the best days were behind us as americans. i watched another person walk to the podium and say, no pastels, fly the bold colors. we know what america is. that we are more than a country. we are an idea. an idea so powerful that we can overcome all the pain that you have caused. it won't be easy. and i'll offer this invitation. for all the bad votes you have
taken, when the change comes, we will welcome you to correct your mistakes you have made. because you'll be in committee. maybe you'll learn the gas price is higher. maybe you'll learn the groceries cost more. you'll be here to vote. so you'll hear the debate. maybe i can't blame you for thinking that. you don't have to show up. madam speaker, there's a lot of days on this floor that change the course of history. in the last two years, the history has not been bright. inflation, 41-year history high. you understand what that does to the american public? do you understand the pain that
it causes? do you understand the choices that people have to make? i read a story of a young family, their daughter has cancer. for a treatment they have to drive a long way. she was crying one day because she heard her parents talking about making the decision, they're taking out loans they cannot afford to pay for the gasoline that your side of the aisle thinks costs them less, but costs them more. the choices they had -- choice is they had to decide. because you title a bill, american rescue plan, that only inflicts pain. and you just doubled down. madam speaker, i respect the other side of the aisle much
greater if they were to at least do exactly what secretary yellen did. apologize for your mistake and change course. don't double down. don't make the same mistake three, four times like you're going to do today. at the very least, at the very least, if you're going to vote yes, do it in person. do it in person. read the bill. put it through committee. madam speaker, i've watched this body take on big issues. we've got some of the biggest issues before us today. and you continue to make it just a partisan action.
one that even your side of the aisle has warned you against. but somehow you want to celebrate it. madam speaker, in my office, in that conference room, i have this painting of washington crossing the delaware. you all know the famous painting. it's eight feet by 16 feet. if you study history, you'll know that it happened christmas, 1776. the artist who painted that famous painting wasn't on a american, he wasn't there, there was no iphone that day to take a photo. the person who painted the painting is a german immigrant who lived in america but went back to germany, emanuel linz up. know why he painted that painting? because he understood america was more than a country, that america was an idea. he wanted germany to have a revolution based upon the values of america. of freedom, of individual
rights, of a stand against tyranny. that government would be of the people, by the people, for the people. so his talent was art, so he thought he would paint this painting to inspire the germans to have this revolution. now, historians will tell you, he gets it incorrect. he puts 13 people in a rowboat. why would he pick the number 13? 13 colonies. when he only shows you 12 faces. if you look at the painting, he puts washington in a rowboat, but historians will tell you washington probably crossed at durham. if you look at the delaware, it kind of looks like the rhine, but he's german, give him a break for that. he puts washington in a ceremonial uniform with his hand on his chest. standing up in a rowboat, crossing the delaware in the middle of winter.
he looks so stoic. if you look at washington in that painting, you would say, almost you'd follow this man anywhere. you'd think he'd never lost a battle or a fight. but for the students of history, they understand that that moment in time, washington had never won a battle. we'd never won one fight as a country. but that was our first victory as we surprised our enemy. but what i'd like you to see next time is who is in the boat. second person's wearing a beret. he's scottish. the person directly across from him, the green jacket, he's african-american. you come down the boat, the middle of the boat, the person almost looks the strongest, rowing in the red, is a woman. and the very back, the very last person, is a native american. i cannot tell you from a historical point of view if they were in the boat that night.
but to this young immigrant who had lived in america, that's who he believed would be in the boat. now, the second to last person in there, he has a hand across his face. a hand of the 13th person nobody sees. what this artist was saying, i believe, here we are, not a country, but an idea. having lost every battle before, but willing to create a nation, why? to go against the tyranny of a government that will tax you with no say, a government that became so big it can inflict pain upon you. to tell you what to do. that we would risk it on our holiest of night. here's a hand, would you get in and join us? it's as true today as it was then.
the challenge that we face right now is you're making that government big. you're doubling the size of the i.r.s. you're going against every single reason people were in that boat, willing to risk their lives for a government of the people, by the people, for the people. a government that was created in a country that was conceived in liberty and dedicated proposition that we're all equal. because you think you know what's best. i can only imagine what those individuals would think today, that you'd put a bill on the floor that didn't go through committee, you'd put a bill on the floor that would double the size of the i.r.s., that could go after the american public, that has no set on an income, the 710,000 people under the income of $75,000 are now going to be audited because you want them to pay for what you think
is best. that you're going to tax with no limit on income some family that already lost a month's salary based upon your past actions because of inflation. you're going to make them choose how cold, you're going back to jimmy carter, you're simply telling the american public to put that sweater on, turn that heater down. but to your elite donors, you're going to give them the tax credit from those i.r.s. agents so they can go buy a new tesla. that's what you're doing in this bill. but four, six months from now you'll blame somebody else for it. the good news is, there will be a new congress with a new ability to change all that. that provide the american public a commitment to america.
with a new plan to put this country back on the right direction. madam speaker, whatever happens today, i can only guess if you have all the votes in your pocket, the people don't have to show up, one or two people can determine the outcome. but, madam speaker, i implore upon you, i don't know what happens in your conference. please allow the american public to come in, to simply tell you and explain to you that, no, gas is not lower, groceries do not cost less, and the money does not go as far as it did before. maybe that's why i can only understand if you truly believe that, that you would vote yes, for everybody else that's living in a real america, they will vote no. and 87 days from now, i believe most of america will have the
answer to that question too with a new congress and a new plan. with that, i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman's time has expired. the gentleman from new jersey is recognized. mr. pallone: madam speaker, may i inquire how much time remains on both sides? the speaker pro tempore: the gentleman has three minutes remaining. mr. pallone: and the other side? has no time? the speaker pro tempore: their time has expired. mr. pallone: i yield myself one minute. i just want to speak briefly before i introduce our two leaders who have done so much on the democratic side to make this bill a possibility today. the republican leader said that we should listen to our constituents. well, we have. yesterday i was at a senior center in wood ridge and a woman came up to me and said, you know, congressman pallone, i spend $1,5 hahn month on prescription drugs -- $1,500 a month on prescription drugs.
i was able to say to her, i'll be in washington tomorrow, i'm going to vote on a bill that's going to cap your expenditures at $2,000 a year. then i had another woman in a telehealth meeting earlier in the week who told me she was so hot because in new jersey we've had the worst drought and the highest temperatures that we know in years. and she said, i have to go to a cooling center because of the heat. because of my health. and the impact on my health. and i was able to say to her, look, it's going take a while, but tomorrow, this friday, i'm going to vote on a bill that's going to address the climate change and the heating and the warming of this planet. so i just want to thank our two leaders for what they've done to bring this about today. and with that, i would yield one minute to our majority leader, mr. hoyer. the speaker pro tempore: the gentleman is recognized for one minute. mr. hoyer: i thank the gentleman for yielding.
today will be the culmination of the meeting of promises that president biden made to the american people. resulting in some seven million to eight million more people voting for president biden than the incumbent president. my colleagues, we have just heard from the leader of the party of you're on your own. the leader who just spoke voted against the american rescue plan. that put money in the pockets of american families, put american
children back to school, and resulted in us not wearing masks today with some exceptions. by putting vaccine in arms. the leader who just spoke voted no. as did every one of his colleagues. they said no to money to help families not fall through the cracks. to help them afford their groceries. to help them afford to pay their mortgage and send their kids to school. they voted no to make sure those vaccines were in arms. they voted no to help small businesses, restaurants an others be lifted up.
the party of you're on your own, america. and yes, when they came to office what did they try to do? in 2017. repeal health care support for the american people. we are doing the opposite. we plead guilty. the leader of the republican party who just spoke voted no on the infrastructure bill. to respond to build roads and bridges, to make sure they're maintained and safe. responded to broadband to make sure that rural areas are connected. airports. make sure we had a grid that wa.
the gentleman who just spoke voted no the chips bill. the gentleman talked about china. china was lobbying against the chips bill. the minority leader voted no on the chips bill. which is a bill to make america competitive and create hundreds of thousands of job, that was -- jobs, that was bipartisan in the house by a small degree, and in the senate. as well. but the minority leader votedno. so i must say i'm not shocked that he's voting no on this bill. which is aimed at helping
americans with their health care, one of the greatest reasons for inflation. and i'm not surprised he mischaracterized the reaction on this side of the aisle when he said gas prices were high and hadn't come down. in fact, in the last 40 days they've come dunn 20%. the gentleman is shaking his head, no, no, they haven't. i don't know where he's buying gas but they've come down from $5 to $4 and in some cases less than $4. is that too high? it is. should we be concerned about that? yes we should be. we passed two bills, one was a bill to make sure that we didn't have price gouging. no american wants to see price gouging. the minority leader voted no on that ball. -- that bill.
we offered another bill that dealt with food and fuel prices. to try to make sure we had delivery systems and supply chains that worked. the minority leader and his colleagues voted no. not everyone. we had a bill on this floor that tried to help and is going to help millions of veterans. who had been exposed to toxic burn pits. cancer. heart disease. lung disease. the minority leader, it will not shock you, voted no to help veterans. we had another bill on the floor to make sure that we could preclude and try to help women who had violent acts committed
against them. it may not surprise you that the lead ore they have party of, you're on your own, voted no on the violence against women act. it's time to say yes. yes to the people. to focus on people, not on politics. of 87 days from now. that's what this is about. politics. pure, well, impure. and simple. it's time for us to say yes. to bringing prices down. i want to add just a couple of things and i want to talk about the four pieces of legislation that are changing america for the better. one is, he wrings his hands
about the awful situation that america is in. in january of 2021, before joe biden became president of the united states, unemployment was 6.4%. during the course of the trump administration we last . million jobs. net loss. after four years. net loss. over the last 18 months, we have created 9.5 million jobs. that's almost a 12 million job turn around. to the best, to the good. to the appreciation of ability of americans to get jobs. and he mentioned something about gas prices. are they high? they are. let me tell you when they were higher. july of 2008, they were higher. hear me.
go check the records. $4.14 which in real terms, real dollars today would be $5.62. under george bush. are prices too high? they are. do we want to bring them down? yes, we do. that's why we put price gouging in the food and fuel both of which the minority leader voted against. unemployment, as i said in january, 6.4%. it's now 3.5%, halved. is inflation too high? it is. we passed a bill. some people said well, that's going to cause inflation. what it caused was people didn't fall through the cracks. they were able to pay their bills. they were able to send their kids back to school. that's what it did.
that's what the american people are going to remember. that the democratic party was there for them and the republican party was not. and then we talk about this money that we're going to give the i.r.s. which has been reduced 20%. under the republican leadership. when they were in charge. what did they reduce? enforcement. why? because they didn't want their big, fat cat people to be caught. not paying their fair share. yes, mr. and mrs. america, you're paying a higher price because some people pay nothing. you don't think that's fair and we don't think it's fair. and yes, we want to make sure the rules are followed. in order to have the rules followed you need referees. and when you have 100 and manage odd million taxpayers, you need
a number of people to find that out and make sure you obey the law. yes we support that. we believe in facts and we believe in truth. there's a republican leader, no longer a lead whoark believed in facts and truth. and liz cheney was fired from her position because she told the truth. and confronted a former president who promotes lying. madam speaker, when president biden took office with a democratic congress we promised the american people results. we are delivering. we promised we would make progress on the issues where progress had been stalled for far too long. we promised in short responsible government that gets things done for the people.
people, not politics. responsible government that puts the needs of our people over politics. over the past 18 months, many have questioned whether that would even be possible. our country is too divided, they said, to achieve big goals and enact really consequential legislation that benefits the american people and our economy. 9.5 million now jobs. 18 months. over the same 18 months, however, our democratic majorities and the biden administration have proven those doubters wrong. the legislation we will pass today and send to the president's desk is the fourth leg of a table of support and opportunity democrats have built for the american people. the first leg was the american rescue plan. that law put more than 200 million shots in arms and made it safe again for workers to go back to their jobs.
for students and teachers to go back to school. and for entrepreneurs to take risks and invest in their businesses. it worked. since then we've seen record job growth, as i have said, 9.5 million jobs created since last january. that's the largest number of jobs created in 18 months in the history of our country. the lowest rate of employment in half a century. only republicans could call that failure. because it wasn't their success. more americans are working today than at any point in our his history. we also cut child poverty in half. perhaps that's not seen as a success. by the other side of the aisle. next we brought democrats and
republicans together in a historic effort to enact the bipartisan infrastructure plan. which is already rebuilding roads, bridges, transit systems, sea ports, in every corner of our country. after president trump said in 2016 that he was going to do a trillion dollars. 2017, didn't happen. 2018. didn't happen. 2019. didn't happen. republicans were in charge of the house, senate and presidency of the united states. inattention to disrepair. for years we herd heard people talk about infrastructure weeks. remember that? minority leaders and other -- minority leader and others, we're going to have infrastructure week. it never happened. last november we put people over politics angott it done. that decision was so successful that even many republicans who voted against it are cutting
ribbons that will facilitate congress and improve the lives of their constituents even the they didn't support the bill. one side effect of the pandemic was to magnify the cracks in our economic system and our reliance on the unreliable in our supply chains. any family trying to buy a new car or trying to budget for a new appliance in the last year or two understands what that means. and by the way, on inflation, europe didn't have the rescue plan. asia didn't have the rescue plan. other nations didn't have the rescue plan. guess what. all of them are experiencing inflation. half of them greater inflation than is present in the united states of america. does that mean we have to stop our efforts to reduce it? of course not. is it hurting our people? it is.
our empty shell -- are empty shelves in grocery stores troubling? they are. and rather than blame one another, perhaps we ought to look at the real villain and that was the pandemic. earliery week, -- earlier this week, president biden signed the chips in science act. that bipartisan legislation will ease inflation by bringing manufacturing and sourcing of critical components and products back to the united states. so that we make them in america. and our workers make it in america. it means that we won't cede the next century of innovation to china or anybody else. china, let me repeat, lobbied against that bill. and almost every republican voted against that bill, just like china wanted.
instead, american labor and american innovation will continue to lead the world in research, innovation and advanced manufacturing, continue to draw the brightest minds from around the world. that also will mean lower costs for american families. the chips in science act was another significant piece of legislation in the make it in america agenda. it's hard to think that somebody would vote against all four of these bills. a promise made to america and a promise that they relied on and they voted for. in an election, not a poll, not a survey, not a focus group. in an election. because it gets to the heart what have government is supposed to do. help provide our workers and businesses and people with the
tools and confidence to make it in america. today we're going to send to president biden the legislation that represents the fourth leg of our tabled support and opportunity. the inflation reduction act. as its name suggests, it will further help lower costs for americans. it will lower health care costs by extending tax credits under the affordable care act that we included in the american rescue plan, which has gotten us to 92% coverage in america. and very frankly would be higher if there weren't 12 states who had refused to provide the medicaid opportunity for citizens who fell in the middle of the income spectrum. we included that, of course, but our republican friends in the united states senate would not agree to it. this bill will provide for
quality, affordable health care to almost every person in the united states, irrespective of their income. the national uninsured rate has fallen to an all-time low of 8%, with 5.2 million americans gaining coverage since the start of the biden-harris administration in large part due to our having made those cost savings premium credits more widely available. but my understanding is our republican friends are going to vote against this bill. and millions of people will be unable to afford their insurance. that's extended by three years. next, it brings down the cost of prescription drugs by allowing medicare for first time ever, but not uniquely, because the veterans administration does that. makes sense. to negotiate lower prices from manufacturers.
democrats have been working for decades to achieve this goal and as i mentioned at the outset of my remarks, our majority is delivering on that promise. the bill also caps the cost of insulin at $35 a month. now, would have been extended to everybody, but our republican friends refused to support that alternative. so it's only going to apply to medicare at the beginning. but we're not going to stop. and we also capped the cost at $2,000 per year for seniors on medicare. we want to extend that to the private market as well. and we'll work on that. this, ladies and gentlemen of this house, is an historic achievement. that will save lives and allow more seniors to access life-saving and life-sustaining medications. additionally, the inflation reduction act is the largest single investment addressing climate crisis that anynition has ever made -- any nation has
ever made. i don't know where it was in your place, but 95, 97, 98, high humidity. we have a climate crisis. and the deniers have undermined our ability to respond. this bill responds. and it responds consistent with the desires of the american people and will bring down the cost of energy for americans by investing in developing and deploying cleaner, more sustainable energy technologies like electric vehicles and solar panels. at the same time we're doing it without raising the deficit. in fact, the legislation reduces the deficit by closing loopholes so the largest corporations would profit -- with profits over $1 billion will pay a minimum tax rate of just 15%. now the rate is 21%. on corporations. but if they get over $1 billion, they're going to pay at least
15%. why? because we protect their shipping lanes with our navy. we protect their roads that they transport goods across. they get a lot from their taxes. just as we all do. maybe that's why the republicans don't like this bill. that is well below the regular 21% tax, as i said, and we do it all while ensuring that individuals and families earning less than $400,000 a year won't see a single tax increase. let me repeat that. nobody making less than $400,000 a year will see a tax increase. those four legs, the rescue plan, the infrastructure bill, the chips bill, and now this reduction in inflation act, will provide for growth opportunity and competitiveness for our
economy and for our people. there is, however, another critical piece of legislation that helps keep that taicial table sturdy -- that table sturdy -- that helps keep that table sturdy. getting americans back to work from the pandemic. that's what we did. securing long overdue infrastructure investments. that's what we did. easing the inflation by helping american companies build more chips, semiconductors and other critical components here instead of importing them from unreliable countries, over 100 100,000 new jobs. that's what we did. lowering prescription drugs and energy costs while combating the climate crisis. that's what we did. and we'll keep on doing it for the american people and the next congress. in addition to all these, the democratic-led house has passed many, many more important bills
that have yet to be considered in the senate. blocked by republicans. today the inflation reduction act will answer any who still doubt whether we can deliver on our promises. today democrats and this administration are showing that we can and will continue to put people over politics and ensure that our people can make it in america. vote for america. vote for the american people. vote for this bill. the speaker pro tempore: the gentleman from new jersey is recognized. mr. pallone: madam speaker, to close the debate, i will yield one minute to the woman who has done so much to bring this bill to final passage today, our speaker, the gentlewoman from california, ms. pelosi. the speaker pro tempore: you're recognized for one minute. the speaker: thank you very
much, mr. chairman. and thank you for your tremendous leadership. you and the other chairs for bringing this legislation to the floor. the hour's growing late, as a courtesy to my colleagues, i intend to shorten my remarks. for those that i shorten of the remarks, i promise to put them in the record, if you promise to read them. let me also begin by saying i associate myself with the remarks of all of my democratic colleagues. that covers a lot of territory. mr. speaker, under the visionary leadership of president biden, democrats have forged historic progress for america's families. first, we enacted the life-saving american rescue plan to propel us out of the pandemic, put money in pockets, vaccines in arms, children safely in school, people back to work. next we secured the transformtific bipartisan -- transformative bipartisan infrastructure package to create good paying union jobs,
rebuilding our nation. this week president biden signed the chips and science act, which declares our economic independence, strengthens our national security, enhances our families' financial future. we also honored our value yanlt service of our men and women in uniform with the pact act. and today, madam speaker, is a day of celebration. a day we take another giant step in our moment us agenda. our inflation reduction act is a robust cost-cutting package that meets the moment, ensuring that our families thrive and that our planet survives. this landmark education, which we send to the president's desk, starts and it is a resounding victory for america's families starting at their kitchen table. what it means to you, to our constituents, to people out
there whom we serve, in terms of health care. one of medicare, 64 million enrollees, this bill brings down the out of pocket costs of prescription drugs. we do this by empowering the secretary of h.h.s. to negotiate lower prices. at long last, at long last we have been fighting for this for years. we do so again by capping out-of-pocket prescription drug costs and will not pay -- and you, our constituents, will not pay one more cent for life-saving medication. this includes a $35 cap on insulin co-pays. and we do this by banning drug manufacturers from raising prices faster than inflation, protecting you against predatory price hikes. make no mistake, these measures are a big blow to pharma, which
has had a stranglehold for decades, preventing us from making this move. now we have relaxed that strangle hold a bit, more to be done, but giving more leverage and more breathing room to america's families. at the same time this bill -- i'm not saying the title every time, ok, locks in lower premiums that democrats secured first in the rescue package. together, lowering the cost of prescription drugs and health care premiums, are vital strides in our fight for economic justice. and this is particularly important to low-income communities, underserved communities, and communities of color. in doing so, we honor the call of dr. king who said, of all the forms of inequality and justice in health are the most shocking and inhuman because it often results in physical death. the inflation bill is a plan divided into three parts. prescription drugs and health care, second, the most
consequential climate action in the history of our congress, of our country. and in doing these two things, reducing the deficit. at the same time the legislation advances president biden and democrats' relentless commitment to putting justice first. and all these crucial investments are fully paid for. by making sure the ultrarich and biggest corporations pay their fair share. the climate provisions are -- will make a meaningful difference for america's working families. i'm going to put that in the record, if you promise to read it. but it's about clean air and clean water for our children. it's about nine million good paying union jobs, it's about preventing conflict over resources and habitat. it's about values. values espoused by pope francis when he said earlier this summer, our planet has reached a breaking point.
in the fight against climate crisis. extreme weather continues to wreak havoc across the country, around the world. it is clear the cost of inaction far outweighs the cost of action. the bill saves the planet while keeping more money in your pockets for working families, you'll save an average of $1,000 a year in lower energy bills. underserved communities need $60 billion in environmental protection -- environmental justice initiatives to ensure that everyone enjoys the benefits of a cleaner green economy. again, the bill pays down the deficit by $300 billion in the first decade. here's what it means to you. what it means is it drives down inflation in the long-term. these monumental investments are for families in health care are
fully paid for, ensuring the biggest corporations and wealthiest pay their fair share and that is an estimate of about $160 billion a year of taxes that are unlawfully not paid. right now right now families are being harmed by corporate prove tearing. i don't want you to take it from me but take it from a large number, 126 america con midsts and seven nobody ell prize winners and in a letter, i want you to hear this my republican friends because clearly you don't know this, but now that you do, perhaps you will change your comments. these investments will fight inflation and lower