STATEMENT: THE ANWSER TO HIGHER COSTS IS THE INFLATION REDUCTION ACT 

FOR IMMEDIATE RELEASE 
September 14, 2022

Contact: 
Jack Miller, Communications Director
[email protected]

STATEMENT: THE ANWSER TO HIGHER COSTS IS THE INFLATION REDUCTION ACT 

WASHINGTON, DC — The Bureau of Labor Statistics released a new Consumer Price Index (CPI) report yesterday as President Biden celebrated passage of the Inflation Reduction Act, historic legislation designed to lower health care, prescription drug, and energy costs for families.

Invest in America’s senior adviser Zac Petkanas issued the following statement in response to the CPI report:

“Recovering from a once-in-a-century pandemic will take time, but whether it’s the 10 million new jobs added, unemployment at its lowest level in over 50 years, or passing the Inflation Reduction Act, President Biden has shown that he will not stop fighting for working families.

“The Inflation Reduction Act will do as its name suggests: lower inflation and reduce costs for American families – for health care, for prescription drugs, and for utilities.

“Anyone concerned about higher costs should ask themselves how they can implement this landmark bill faster, not undermine its success or launch politically-motivated attacks.”

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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