WASHINGTON, DC – U.S. Senator Gary Peters (MI) released the following statement on the Inflation Reduction Act:
“There’s no question we must do more to lower costs for Michigan and American families. The Inflation Reduction Act would do just that by helping fight inflation, reduce prescription drug and health care costs and address climate change. This legislation would reduce the deficit, while allowing us to make critical investments in domestic clean energy production and manufacturing. I’m also pleased it includes an electric vehicle tax credit, which is important for our economy, innovation and to consumers.
“This bill would give families more breathing room and tackle the climate crisis, while creating good-paying jobs and economic opportunity. It would both provide relief for Michiganders now and help position us for a stronger future, including for Michigan workers and auto manufacturers. The future of the auto industry is electric and autonomous, and this will support jobs at home and shore up domestic manufacturing.”
The Inflation Reduction Act includes measures to: