House Passes Historic Legislation to Lower Costs for Families, Invest in Clean Energy Future
Inflation Reduction Act will help address inflation, cut federal deficit, and create 9 million new jobs
Today, the U.S. House of Representatives, with the support of Congresswoman Suzan DelBene (WA-01), passed the Inflation Reduction Act, which will lower costs for families, make historic investments in our clean energy future, and decrease the federal deficit.
The bill passed the Senate on Sunday and now heads to the President’s desk to be signed into law. It was a top priority for the DelBene-led New Democrat Coalition and she was actively involved in shaping the legislation over the past year. The legislation includes DelBene’s Clean Hydrogen Production and Investment Tax Credit Act which would spur the development of “green” and “blue” hydrogen and DelBene’s Negate Emissions to Zero (NET Zero) Act, legislation that would substantially increase tax incentives to boost the developing direct air capture industry.
“Today is a historic day for American families, our seniors, and our economy. The Inflation Reduction Act is the culmination of a year of negotiating and the final product we are sending to President Biden will provide benefits that Americans will feel right away while making important investments in our clean energy future,” said DelBene. “To anyone who says that Congress cannot do big or good things anymore, we proved them wrong today, again.”
The Inflation Reduction Act:
This legislation will also: