I urge our the speaker pro tempore the gentleman from new jersey, mr. Pallone, and the gentleman from kentucky, mr. Guthrie, will each control 30 minutes. The chair recognizes the gentleman from new jersey. Mr. Pallone madam speaker, i yield myself three minutes. The speaker pro tempore the gentleman is recognized. Mr. Pallone madam speaker, i rise in strong support of h. R. 5376, the Inflation Reduction Act. This is landmark legislation that is going to help reduce costs for American Families while finally aggressively tackling the Climate Crisis. Madam speaker, we simply cannot wait any longer to confront the Climate Crisis. Extreme weather events are becoming more frequent and more extreme. Record high temperatures across the nation this summer, and these extreme weather events cause families, their loved ones, their homes and their livelihoods. This bill is the single largest investment in Climate Action in american history. We heard from the ways and Means Committee about the tax credits, the investment, production tax credits for renewables, for electric vehicles. But i want to talk about the provisions from the energy and Commerce Committee. It makes the the bill makes unparalleled investments in climate, clean energy and Environmental Justice so that we can slash climate pollution and meet our aggressive climate goals. I just want to highlight some of the things. A Methane Emissions Reduction Program, a Greenhouse GasReduction Fund to promote new green technology. Investing in manufacturing thats green. Reducing industrial emissions. A program for states and Government Entities to reduce climate pollution. A program for clean heavy duty vehicles for trucks and school buses to make them less pollutant. And appliance and building efficiency rebate to try to deal with emissions from buildings and appliances. In industrial emissions Reduction Program, an environmental and Climate Justice block grants, and also provisions to deal with ports that are a major source of pollution. So all of these are designed basically to try to make it, to create clean jobs, reduce energy costs for the average family, we estimate about 1,800 a years, and its estimated that this bill will actually meet our climate reduce the. A pollution the amount of pollution or Greenhouse Gases into the climate by 40 in terms of what the u. S. Has emitted since 2005. It goes very far toward achieving our goals as a nation, towards reducing the problem of Greenhouse Gas emissions. Now, in addition to that, the Inflation Reduction Act is also one of the most significant pieces of Health Care Legislation to move through congress in over a decade. It breaks, and i want to stress this, it breaks big pharmas no monopoly on drug prices. It will lower Prescription Drug costs for seniors by empowering medicare to negotiate the cost of Prescription Drugs. It also caps the amount that seniors pay at 2,000 annually, caps the cost of insulin at 35 a month, and penalizes companies that unfairly hike prices by forcing them to pay a rebate to the federal government if their prices rise more than inflation. This legislation is necessary because nearly 20 years ago republicans prevented the federal government from negotiating prices for seniors. So today were finally leveling the playing field, to ensure seniors are no longer forced to choose between putting food on the table and their life savings. I yield myself another 30 seconds. This legislation will r the costs of health care for millions of americans by extending enhanced Affordable Care act marketplace subsidies. These enhanced subsidies are delivering average savings of 2, 400 and set to expire at the end of the year but this bill extends them to the end of 2025. This legislation lays foundation for a future for all americans. I reserve. The speaker pro tempore the gentleman reserves the balance of his time. The gentleman from kentucky is recognized. I yield myself five minutes. I rise in strong opposition to h. R. 5376 the mislabeled Inflation Reduction Act. This is a tax and spend spree. Washington democrats are trying to add more reckless Government Spending and raising taxes during a recession will combat inflation. Even nonpartisan organizations say this bill will have no impact on inflation and at least half of the tax revenue for next year estimated to come from americans making less than 400,000 a year. And americans will see more i. R. S. Audits because this bill gives ability to hire i. R. S. Agents. We need to put our resources in hiring more Border Patrol officers and stop the flow of illicit drugs. More troubling parts of this bill are the health care provisions. I strongly disagree with using medicare money to pay for obamacare subsidies for the wealthy. Medicare is at risk of insolvency and House Democrats didnt give this amendment a chance to be considered. While democrats praise government pies setting or negotiation, they fail to mention that such policies would lead to at least 15 fewer drugs coming to market according to the nonpartisan congressionalbudget office. Could it be the cure for alzheimers or diabetes, it could be. They wont mention that c. B. O. Says this bill will lead to higher prices on new drugs. They will give the h. H. S. Secretary a slush fund despite h. H. S. Botching the response to the covid19 pandemic and politicizing guidance that kept schools closed. How can can anyone support giving billions of dollars in unrestricted authority to h. H. S. That we know will lead to less cures for our loved ones. Let me be clear, we absolutely need to address the cost of prescription medications. There is an energy and Commerce Committee, there is a bipartisan bill ready to go, h. R. 19, that could achieve this, but the democrats have refused to bring the bill to the floor for a vote. Our country is facing an Energy Crisis. Despite this, Democrat Solutions to double down on the nearly 400 billion to be spent on far left Green New Deal policies and tax increases on energy that will be passed to consumer. As Energy Prices are at high levels they have included a new tax on natural gas and revived taxes ole Petroleum Products that will cost tens of billions of dollars of the i filed an amendment but again democrats refused to consider it. Democrats want to create a slush fund at the e. P. A. For a National Climate bank to subsidize the solar energy that is heavily dominated by the chinese Chinese Communist party. To conclude, this legislation not only crushes hope for patients and families living with devastating disease but lack a treatment or a cure but undermines our National Security. I cannot vote for the more appropriately named inflation expansion act and join me in opposing and i reserve. The speaker pro tempore the gentleman reserves the balance of his time. The gentleman from new jersey is recognized. Mr. Pallone i would like to yield a 1 1 2 to my neighbor from the state of delaware ms. Blunt rochester. Ms. Blunt Rochester Today i rise in support of the Inflation Reduction Act. Oh, what a day in america from lowering Prescription Drug prices to seniors to closing tax loopholes on the wealthiest corporations to making the largest investment in clean energy in history to tackle the Climate Crisis, the Inflation Reduction Act will improve the lives of every single american and will pay down the deficit. Im proud that the bill includes my Climate Smart port provisions with my colleague, which invests in ports across the nation like the port of will ming top, allowing them to upgrade facilities and create more good paying union jobs. In a session of congress that has seen remarkable legislation passed, the Inflation Reduction Act is the capstone of our efforts to deliver. With this bill, we continue to put people over politics. Thank you, and i yield become. The speaker pro tempore the gentleman reserves the balance of his time. The gentleman from kentucky is recognized. Mr. Guthrie i yield two minutes to the former chair of energy and Commerce Committee, retiring, fred upton. The speaker pro tempore the gentleman is recognized. Mr. Upton is this bill going to reduce inflation . I dont think so. Those of us know me that im not afraid to work across the aisle on important legislation that helps americans whether the chips act, the veterans act, infrastructure, but unfortunately the bill we are debating right now was not created in that same bipartisan manner. Our economy is in a fragile state as we emerge from this pandemic and seen high inflation squeezing the middle class. Now is not the time to raise taxes to the tune of over 16 billion on middleincome folks. The Inflation Reduction Act does nothing to fix the problems at the i. R. S. Instead they are going to hire more agents that are going to be hounding taxpayers and report and schedule c and schedule e. These folks are middleincome family owned Small Business owners who busted their butts to keep their doors open through the pandemic and we are sending the cavalry after them and increase costs. The i. R. S. Needs to focus on clearing the backlog of millions business returns. I have helped hundreds of constituents who have been waiting one to two years for their tax refunds and with respect to inflation, a number of nonpartisan sources and those including democrats, this bill will increase. The Energy Sector has seen the brunt of this increase with gas prices climbing more than and Natural Gas Prices going up close to do you living. On wednesday i offered an amendment to direct the bill not to go into effect unless the secretary of energy can certify that this is below the costs of 2021. I yield back. The speaker pro tempore the gentleman is recognized. Mr. Pallone i yield one minute one minute to the gentleman from illinois. Madam speaker, last november, our house delegation went to glasgow. We told the world we were back and committed to Building Back better and putting science over politics. The world didnt believe us and we sat at that press conference. All of these reporters from europe said what about the senate, what about the filibuster . They had heard this song before and mired our enthusiasm, but they didnt share it. Today, we are going to prove them wrong and remind them what the United States is capable of. We are about to pass the most impactful climate bill. You should be proud of that. We are on the path to reduce emissions by 40 by 2030. 40 isnt enough. We reestablished u. S. Credibility today and we have to reestablish u. S. Leadership. The measure of our success is not what we pass today. Today we remind the world of what we are capable of and celebrate tomorrow. Lets get back to work. The speaker pro tempore the gentleman reserves the balance of his time. The gentleman from kentucky. Ken ken we reserve. The speaker pro tempore the gentleman from new jersey. Mr. Pallone i yield 1 1 2 minutes to the gentleman from california, mr. Ruiz. I have taken care of patients. Patients who ration their are medicine. One woman told me she made her insulin lasted longer because she would take half of a dose in order to make it last. No one should have to choose between medicine or put food on their table or pay their bills. That is why i support the Inflation Reduction Act which will give seniors the relief they need. It ensures that people on medicare wont pay more than 35 a month and requires the secretary to negotiate prices lowering costs for seniors and caps out of pocket spending at 2,000 for Medicare Part d. These important steps will ensure that all seniors have access to health and lifesaving medications regardless of how much money they have. Thats not all this bill does. It will make investments to combat Climate Change and reduce our Carbon Emissions and make electric vehicle batteries with domestic like the lithium we are extracting. With this bill and the lithium in my district, we can power our Clean Energy Future here in america with american materials. I yield. The speaker pro tempore the gentleman reserves the balance of his time. The gentleman from kentucky is recognized. Mr. Guthrie i yield three minutes do my good friend, mr. Burgess of texas. The speaker pro tempore the gentleman is recognized. Mr. Burgess i thank the gentleman from kentucky. I ask unanimous consent to place into the record a letter submitted by the members of the house g. O. P. Doctors caucus. The speaker pro tempore the gentlemans request will be covered by general leave. Mr. Burgess it explains how the Health Care Policies would affect american patients. For 21 Health Care Professionals who signed this letter, it is remarkable that none of our concerns were considered, all were ignored not only as members of the house and senate but as Health Care Professionals as well. The point of the letter, this legislation will do the exact opposite of what the democrats intend. The legislation will kill research and development reduce quality of care and threaten access to lifesaving drugs. We are going to see changes to part b reimbursements that will lead to a 40 cut to Health Care Providers who provide care to medicare patients in their office. Currently part b reimbursements for administering drugs are a calculation based off the average sales price plus 6 . Now under this new system, part b payments to physicians are going to be calculated off of the maximum fair price. Attractive term, but no one knows what it means because it is yet to be determined by whom the secretary of health and Human Services and we have seen how trustworthy they have been over the past two years. So the current 6 average sales price addon payments to physicians, thats what doctors have come to rely on which will be based off a government set price versus the traditional price. This results in significant lower payments to physicians. Wednesday afternoon late, i offered an amendment to fix this problem, unfortunately that was rejected on a partyline vote. These payment cuts threaten Sustainable Practices and will lead, let me say again will lead to physicians closing their doors and when practices close, the patient need does not disappear, care will shift to hospitals and will lead to increased costs and will limit access to treatments for patients across the country. Aik attest there are significant consequences i can attest there are significant consequences to consolidation. Democrats are using medicare as a piggy bank to pay for other things. What other things . Oh, like subsidies to Insurance Companies, they want to reward Insurance Companies and punish doctors. It makes no sense. This legislation will do the exact opposite of what democrats intend. It is going to kill research and development. It is going to reduce the quality of care and it is going to threaten Patient Access to lifesaving drugs. As the most senior doctor in congress and someone who deeply cares about the wellbeing of american patients, this bill is antidoctor and antipatient. We will live to see the consequences of this after final passage. I promise you that. I yield back. The speaker pro tempore the gentleman reserves the balance of his time. The gentleman from new jersey is recognized. Mr. Pallone thank you, madam speaker. I would yield a minute and a half now to another member of the energy and Commerce Committee, the gentleman from florida, mr. Soto. The speaker pro tempore the gentleman is recognized for a minute and a half. Mr. Soto thank you, madam speaker. We have been elected to congress to solve the greatest challenges of our time. And today we are doing just that. We are taking action to combat Climate Change. We are taking action to lower drug prices for seniors with a 2,000 cap on out of pocket expenses. We are taking action to keep obamacare affordable for millions of floridians. We are taking action by increasing Vaccine Access with our happy act, and we are doing it all while reducing the deficit by over 300 billion over the next 10 years. We are lowering costs, we are fighting inflation and we are saving the planet. This is the largest investment to resolve the