Schumer Led To Passage The Largest Investment Ever To Tackle Climate Crisis, Lower Costs For Prescription Drugs, Reduce Inflation & The Deficit & More 

Schumer Says Over 3.7 Million New Yorkers On Medicare Will Now Have Their Healthcare Made More Affordable; Climate Investments Alone Are Estimated To Create 9 Million New Jobs Across America And Will Bring Manufacturing Back To U.S., With Upstate New York Primed To See New Investment And Jobs 

Schumer: Upstate New York Will Reap The Benefits Of Inflation Reduction Act In So Many Ways

Just back from Washington, U.S. Senate Majority Leader Charles Schumer outlined the historic passage of the Inflation Reduction Act that will deliver the largest investment in fighting the climate crisis, while lowering prescription drug costs and utility bills, and fighting inflation, amongst so much more. Schumer broke down how this historic deal will touch every corner of New York, helping to lower costs for families who need it most, creating thousands of new clean energy jobs, including by bringing manufacturing back to America, all while reducing the deficit by $300 billion.

Schumer said this bill is a once-in-a-generation opportunity with Upstate New York primed to reap the rewards with thousands of new, good paying manufacturing and clean energy jobs powering the future of American energy independence, other investments in fighting the climate crisis, and lower healthcare costs for over 3.7 million seniors in New York on Medicare.

“It has been a long, tough and winding road, New York, and I am back from DC to tell you: at last we have arrived. After more than a year of hard work—the Senate made history and I am confident the Inflation Reduction Act will endure as one of the defining legislative feats of the twenty-first century: our bill reduces inflation, lowers costs, creates millions of good-paying jobs, and is the boldest climate package in US history—and New York State and New Yorkers are primed to reap the harvest of these investments and costs savings,” said U.S. Senator Charles Schumer.

“This bill will kick-start an era of affordable, American-made clean energy for New York and the country. It is a game-changer. It is a turning point. And it has been a long time coming.  To Americans who’ve lost faith that Congress can do big things, this bill was for you. To New York’s seniors who’ve faced the indignity of rationing medications or skipping them altogether, this bill was for you. And to the tens-of-millions of young Americans and New Yorkers who have spent years marching, rallying, demanding that Congress act on climate change, this bill was for you,” Schumer added. 

“The Inflation Reduction Act was written with the people of New York always at front of mind. It will help our seniors afford their medication, it will lower costs for working families, it will create millions of good-paying jobs producing American-made clean energy, it will clean up our environment, and close tax loopholes that have titled the scale against working people and small businesses,” Schumer said.

Specifically, Schumer highlighted that the bill includes:

Lowering The Cost Of Healthcare

Schumer explained that no one should have to worry about whether they can afford the medicine they need to live and now by finally holding drug companies accountable and empowering Medicare, the federal government will bring down costs for over 3.7 million New Yorkers and generate enormous savings for taxpayers. These provisions include:

Investing In Clean Energy, Transportation, Buildings, and Manufacturing Jobs To Fight The Climate Crisis

Schumer said the roughly $370 billion in climate investments across the Inflation Reduction Act represents the largest ever federal investment in clean energy, transportation, buildings, and manufacturing and is a game-changer to fight climate change and kick off a new era of lower household bills for every New Yorker and American manufacturing and energy production. The bill is estimated to create 9 million jobs across the country, and will bring manufacturing of clean technology like solar panels, wind turbines, batteries, and much more back to America, with places like Upstate New York primed for new investment and jobs. These provisions include:

Saving New Yorker’s Money On Energy Costs, Like Appliances, Electricity, RX costs & More

On top of historic investment in clean energy production and manufacturing, Schumer said the bill also includes major cost-saving benefits for families with home energy rebates and consumer tax credits to make energy saving upgrades from rooftop solar, to heat pumps, to electric vehicles, more affordable and accessible, lowering energy costs and making our communities cleaner: a true win-win. These provisions include:

Cleaning Up New York & Protecting The Environment

In addition to investments in clean energy, the bill also includes $60 billion in environmental justice priorities to clean up New York making our air safer to breather, water cleaner, and communities more equitable and vibrant. These provisions include:

Making Billion Dollar Corporations Pay Their Fair Share

Lastly, Schumer emphasized that all these benefits to New Yorkers are fully paid for and lowers the deficit by ensuring ultra-rich and corporations that have used loopholes to avoid taxes pay their fair share. These provisions include:

Please be advised that due to the implementation of enhanced mail screening procedures, all mail sent to my state offices will experience a two to three week delay in delivery.

In the meantime, if you have an urgent matter, the best way to reach me is by phone at (202) 224-6542 or through any of my eight district offices.