STATEMENT: The Inflation Reduction Act Is Growing the Economy by Growing the Middle Class, Says CAP’s Patrick Gaspard

Washington, D.C. — Today marks the one-year anniversary of President Joe Biden signing the Inflation Reduction Act into law. To mark the occasion, Patrick Gaspard, president and CEO of the Center for American Progress, released the following statement:

The Inflation Reduction Act is the most consequential health care law in more than a decade, the most significant economic legislation in a generation, and the most impactful climate change bill ever. Thanks to the Inflation Reduction Act, millions of Americans have more affordable prescriptions and health coverage, more than 170,000 workers will have new jobs, and generations of Americans, many not yet born, will breathe cleaner air.

At just a year old, the full promise of the Inflation Reduction Act is still to be realized. But through the clean energy jobs it has created and the money it’s saving American families, it’s already living up to its potential of growing the economy by growing the middle class.

For more information or to speak to an expert, contact Julia Cusick at [email protected].