FOR IMMEDIATE RELEASEAUGUST 16, 2022
The South Dakota Democratic Party Applauds President Biden Signing Inflation Reduction Act Into Law
Today, President Joe Biden signed the Inflation Reduction Act into law. The new law will help to reduce inflation and lower costs for South Dakota families – and does not raise taxes on anyone making less than $400,000 a year.
“President Biden and Democrats are laser focused on taking on special interests to fight inflation, and the Inflation Reduction Act is going to do just that – lowering costs on everything from prescription drugs to health care to home energy for South Dakota families. While Republicans sided with Big Pharma and voted against these cost cutting measures, and blocked others that would cap insulin costs, Democrats are tackling Americans’ top concerns – and we’re doing it by making huge corporations pay their fair share and without raising taxes on anyone making under $400,000,” said SDDP Chair Randy Seiler