The Inflation Reduction Act of 2022 will tackle inflation, lower costs for American families, and reduce the deficit.

This law allows Medicare to negotiate lower drug prices for millions of seniors, saving hundreds of millions of dollars, and lowers health insurance costs for 13 million Americans by an average of $800 a year, under the Affordable Care Act.

The law caps seniors’ Medicare out-of-pocket expenses for prescription drugs at $2,000 a year.

The law will improve our energy security and tackle our climate crisis – by providing tax credits and investments for energy projects, and creating thousands of new jobs and helping lower energy costs in the future.

The law will reduce the deficit beyond the record setting $1.7 trillion deficit reduction this year, which will help fight inflation as well.

And will pay for all of this by requiring big corporations to pay their fair share of taxes.

Through the Infrastructure Act:

The Virginia Health Department will receive $46 million in federal funding to replace lead water lines throughout the state, in an effort to fight contamination in the commonwealth’s drinking water.

Virginia will receive Hundreds of Millions to improve roads and rail service.