WASHINGTON, D.C. – Today, Senator Mazie K. Hirono (D-HI), voted to pass the Inflation Reduction Act, landmark legislation to lower costs for families by investing billions in renewable energy, allowing Medicare to negotiate prescription drug prices, extending the enhanced Affordable Care Act subsidies, and requiring wealthy corporations to pay their fair share in taxes.
“The Inflation Reduction Act is a historic investment in our families, our climate, and our future. From tackling inflation, to combating climate change, to making health care and prescription drugs more affordable, this bill makes meaningful progress on some of the most pressing challenges families in Hawaii are facing, all while ensuring working families don’t pay a cent more in taxes,” said Senator Hirono. “In order to reduce the deficit, this legislation also closes outrageous tax loopholes that have allowed the largest corporations to avoid paying anything in taxes. Once again, Democrats delivered for our families while Republicans sat on their hands.”
More information on the health care provisions in the bill is available here. More information on the climate provisions in the bill is available here. More information on the tax provisions in the bill is available here.