(WASHINGTON, D.C.) – American Federation of State, County & Municipal Employees (AFSCME) President Lee Saunders is praising the Inflation Reduction Act, a Bill aligned with many of the priorities AFSCME Members across the U.S. have been advocating for years.

It would, among other things, make unprecedented investments in clean energy, allow Medicare to negotiate drug prices and make corporations and the super-wealthy pay their fair share of taxes.  It would also fight inflation while enacting historic deficit reduction.

AFSCME President Saunders called it “an economic game changer.”

“The Inflation Reduction Act would be more than just a shot in the arm against rising costs - it would be a historic step towards a better, more secure future for millions of Americans,” Saunders said in a press release.

The proposal would, among other things: Allow Medicare to negotiate drug prices and cap out-of-pocket costs to $2,000; Lower health care premiums for millions of Americans who get their health care through the Affordable Care Act (ACA) and extends ACA subsidies by three more years; Lower energy costs and increase clean energy production, with the goal of reducing carbon emission by 40% by 2030; Fight inflation by enacting historic deficit reduction; and Raise taxes on corporations and the super-wealthy.

To Continue Reading This Labor News Report, Go To: www.afscme.org/blog/afscmes-saunders-calls-inflation-reduction-act-an-economic-game-changer