Rep. Ilhan Omar Statement in Support of Inflation Reduction Act

MINNEAPOLIS—Rep. Ilhan Omar issued the following statement after the Senate passed the Inflation Reduction Act.

“The Inflation Reduction Act is a historic bill. With the Senate’s passage, we are one step closer to passing the biggest climate bill ever, lowering drug prices, taxing wealthy corporations, and more. The bill includes a much needed tax on corporate buybacks of their own stocks, averts a benefits cliff by extending health care subsidies for 3 years, allows Medicare to negotiate drug prices, and would reduce carbon emissions by roughly 40 percent by 2030.

“Is it perfect? No. I oppose expansion of fossil fuel leasing and I am disappointed that key elements like taxing wealthy private equity speculators and capping insulin prices for private insurers were removed. 

“But the bill is a massive step forward for Minnesotans and I’m extremely proud of the role the Congressional Progressive Caucus played in pushing for the best deal possible in the face of conservative resistance.”