Category: Energy

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STATEMENT: House Dems Pass Inflation Reduction Act To Lower Drug Prices, Make Health Care & Energy Costs More Affordable

  By Climate Change, Economic Development, Energy, Health Care, PA Budget and Policy Center, Statements, US

For Immediate Release Date: August 12, 2022 Contact: Kirstin Snow, snow@pennbpc.org   House Democrats Pass Inflation Reduction Act To Lower Drug Prices, Make Health Care and Energy Costs More Affordable   Historic Bill to Curb Big Pharma and Make Corporations Pay What They Owe Moves Towards Passage Harrisburg, PA — Following U.S. House passage of the Inflation Reduction Act—a bill that will enact historic drug pricing reform, reduce health insurance costs, lower energy costs, and reduce the national deficit—Marc Stier, director of the Pennsylvania Budget and Policy Center and Stephen Herzenberg, executive director of the Keystone Research Center, released the following statement:    The U.S. House’s vote to pass the Inflation Reduction Act makes historic progress on many fronts. It takes a huge step forward in addressing the threat of climate change by investing $370 billion in a series of incentives to encourage the replacement of fossil fuels with clean,… Continue reading

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STATEMENT: Senate Democrats Pass Inflation Reduction Act To Lower Drug Prices, Make Health Care and Energy Costs More Affordable

  By Climate Change, Drug costs, Energy, Environment, Health Care, PA Budget and Policy Center, Statements

For Immediate Release: August 7, 2022 Contact: Kirstin Snow, snow@pennbpc.org Senate Democrats Pass Inflation Reduction Act To Lower Drug Prices, Make Health Care and Energy Costs More Affordable Historic Bill to Curb Big Pharma and Make Corporations Pay What They Owe Moves Towards Passage Harrisburg, PA — Following the U.S. Senate’s passage of the Inflation Reduction Act—a bill that will enact historic drug pricing reform, reduce health insurance costs, lower energy costs, and reduce the national deficit—Marc Stier, director of the Pennsylvania Budget and Policy Center, released the following statement:    The U.S. Senate’s vote to pass the Inflation Reduction Act makes historic progress on many fronts. It takes a huge step forward in addressing the threat of climate change by investing $370 billion in a series of incentives to encourage the replacement of fossil fuels with clean, renewable energy. This legislation will put the United States on a path… Continue reading

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It’s Time to Help People, Not Oil Companies

  By Energy, Inflation, PA Budget and Policy Center

Pennsylvania’s families and economy are currently being stressed by a rise in prices that’s the result of an unexpectedly quick economic recovery and the supply chain issues it created, the gas price spike created by Russia’s war on the Ukraine, and the determination on the part of multi-national corporations to take advantage of these conditions to maximize their profits. As we have shown elsewhere, the state will have an accumulated surplus of $10.2 billion at the end of the current fiscal year. The Republican-controlled General Assembly has left much ARP money unspent and added far more of it than necessary to the General Fund to balance the budget. It’s time to use that money to deal with the current difficulties faced by Pennsylvania families—including the rise in gas prices—which in turn threaten to slow our economic recovery. Continue reading

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Build Back Better: A Transformative Plan for 21st-Century America

  By Economic Development, Economic Justice, Education, Energy, Infrastructure, PA Budget and Policy Center, Statements, Taxation, US

President Biden’s Build Back Better framework is an unprecedented and transformative plan to better the lives of all Americans—Black, brown, and white; those with low, moderate, or high incomes; the youngest children and the oldest seniors. It will help families care for children while making quality pre-K available to all 3- and 4-year-olds. It will create hundreds of thousands of good jobs, many in unionized trades and clean manufacturing while drastically cutting greenhouse gases and reducing energy costs for every household. It will reduce the cost of health care and housing for millions. And it will make college education more affordable, boosting the future prospects of our young people and our economy as a whole. It will be paid for by new taxes on the largest, most profitable corporations and the wealthiest Americans while cutting taxes for working people—all while reducing the deficit. The legislative process in America is always… Continue reading