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The Inflation Reduction Act (IRA) was signed into law in 2022.
Since that time, the IRA has provided:
- $60 Billion in Climate Investments to address pollution and climate change in frontline communities, which often face disproportionate environmental hazards.
- Clean Energy Jobs: Billions in funding for clean energy projects create new employment opportunities in industries like solar, wind, and EV manufacturing.
- Small Business Support: Tax incentives and funding opportunities help Black-owned businesses participate in the clean energy economy.
- Home Energy Tax Credits: Families can receive tax credits for installing solar panels, improving insulation, and making homes more energy-efficient.
- Affordable Prescription Drugs: The IRA allows Medicare to negotiate drug prices, lowering costs for seniors.
- Capped Insulin Costs: Medicare recipients now have insulin capped at $35 per month, a major relief for Black communities, where diabetes prevalence is high.
As Congress prepares to slash taxes for the rich even further, there are reports that they are looking to end the IRA’s investments. We cannot let Congress force our communities to pay for tax cuts for the rich!
For too long, our communities have faced higher energy costs, greater exposure to pollution, and limited access to healthcare. The IRA directly addresses these disparities by reducing financial burdens, creating job opportunities, and investing in long-term climate solutions.
Tell Congress: Hands off the Inflation Reduction Act!