Today, President Biden signed into law the Inflation Reduction Act of 2022, which includes historic investments in programs that will combat climate change, improve health equity, and more. In response, Mark Zuckerman, president of The Century Foundation, and TCF director of health care reform and senior fellow Jamila Taylor made the following statements:

Mark Zuckerman, president, The Century Foundation:
“Today, we celebrate a historic win—the Inflation Reduction Act of 2022, which President Biden just signed into law, addresses several of the most pressing crises facing the country. The law makes meaningful progress toward combating climate change with the most significant climate investment from Congress in history, helping make health care more affordable for all Americans, and ensuring that large corporations pay a greater share of taxes, all while providing much-needed economic relief to many Americans. 

“The signing of this legislation, the product of many months of arduous negotiation in Congress, is cause for celebration—yet we should not forget the critical provisions that did not make their way to the President’s desk. I commend Congress and the Biden-Harris administration for their efforts to bring this landmark legislation to fruition. Its investments will make a real difference in the lives of Americans across the country.”

Jamila Taylor, director of health care reform and senior fellow, The Century Foundation:
“After more than a year of deliberation, I’m thrilled to see historic legislation that will improve health equity across the country become law. The Inflation Reduction Act of 2022 takes some important steps forward toward creating a health care system that is accessible and affordable for all. It includes provisions that will decrease the cost of health care for American families, lower prescription drug costs for seniors, and make marketplace health insurance coverage more affordable. 

“While these are important wins, the package nonetheless misses key provisions that would help many Americans, including those that would address our urgent maternal mortality crisis, which disproportionately impacts Black women and birthing people. While today we celebrate this achievement, tomorrow we must continue fighting for a health care system that truly values and supports all people in this country.”