POLITICS: From the White House, today, US President Joe Biden reflects on the signing of the Inflation Reduction Act. Biden commented , today, stating that the IRA that was signed two years ago is having an even greater impact to reduce cost to American residents across the board.
By Michelle Crawford-Sapenter
Today, US President Joe Biden stated that it is as a result of the IRA he signed 2 years ago that seniors and families are experiencing lower cost in prescription medicines. According to the Biden administration’s calculations the cost of medications for Americans with disabilities and seniors will be reduced by $1.5 trillion dollars.
Following the report made in regard to the results of tge IRA, the record indicates that Americans will save $800 per capita per year on insurance premiums —that, as a result ofthe Affordable Care Act.
Today, while 10.3 million Americans on Medicare receive free vaccines, 4 million American seniors are saving hundreds of thousands of dollars per month on Insulin that is, now, reduced to $35 dollars for one month supply.
While 3.4 million Americans gained from advantages offered in the IRS tax credit, 140,000 Americans filed their taxes online at no cost. The IRS has recovered $1 billion dollars as a result. The tax credits provided Americans in the 2023 tax year have made it possible for 250,000 Americans to gain an advantage from electric vehicle tax credits as others experience reductions in the cost of clean energy and energy efficiency in their homes.
Since Biden took office, more jobs have been created in the last 3.8 years while $265 billion dollars reported by companies added to $900million dollars in clean energy and manufacturing investments.
As a step taken to reduce poverty in 99% of high poverty areas, Biden stated that there will be at least one project established through the Inflation Refuction Act. President Biden stated that he and his administration continue to build a better America, promising , from day one, that no one will be left behind.
Biden commented that he and Vice President Harris will continue to back the IRA despite the attempts by Republicans to have the law repealed. President Biden stated that he will continue the fight to give people a fair shot, leaving no one behind and growing the economy from the middle out , bottom up.
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