Majority Leader Schumer Floor Remarks On The Inflation Reduction Act Already Spurring Investments In American Manufacturing

Washington, D.C. –  Senate Majority Leader Chuck Schumer (D-NY) today spoke on the Inflation Reduction Act creating jobs, lowering costs, and ushering in a new era of affordable clean energy. Below are Senator Schumer’s remarks:

This afternoon, I will join with my Senate Democratic colleagues at the White House to celebrate the enactment of the Inflation Reduction Act of 2022.

When this bill passed the Senate a little over a month ago, I expressed confidence that this legislation would signal a turning point in our country’s fight to lower costs, to meet our nation’s climate challenges, and usher in the era of affordable clean energy.

A month later, the good news is already pouring in. Companies like Toyota have announced billions in new investments to start manufacturing batteries for electric and hybrid vehicles, right here in America.

Elsewhere, Honda and LG Energy have also recently announced over $4 billion for EV battery production in the U.S.

And recently, the CEO of First Solar said it was the Inflation Reduction Act that provided the ‘clarity’ needed to make their investments here in America.

Had we not done this, many of these plants would’ve been built, but probably overseas.

And yet, despite this record of success, despite the fact that Democrats had told Republicans that this is opening a new way for the future, not one Republican voted in favor of this bill.

That’s the difference between the two parties in a nutshell: while MAGA Republicans are fixated on their extremist agenda, Democrats are focused on creating jobs, lowering costs, bringing our country together.

While Democrats will join today with President Biden to promote our job-creating agenda, Republicans will spend today introducing new, radical legislation to ban abortions on the national level. That's the contrast between the parties, clear as day. And we know which side the American people are on.

And while Democrats want to lower costs, increase prosperity, strengthen ladders to the middle class, the junior Senator from Florida—who serves as the chief elections architect for Senate Republicans—continues to promote tax hikes—tax hikes!—for working families and putting Medicare on the chopping block.

This split screen is unmistakable for all Americans to see for themselves: Democrats will spend today focused on the job creating, inflation-fighting agenda we promised and delivered for the American people, while Republicans continue defending tax hikes for the working class while pushing national abortion bans here in the Senate.

And the American people will have no trouble deciding for themselves which party is truly in their corner.

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