Bill Includes Key Provisions Hassan Pushed for to Lower Prescription Drug and Home Energy Costs; Also Includes Senator Hassan’s Bipartisan Provision to Double the R&D Tax Credit for Small Businesses and Startups
WASHINGTON – Today, the U.S. Senate passed the Inflation Reduction Act, which will lower costs for Granite Staters and Americans, fight inflation, and reduce the deficit. The bill includes key priorities that Senator Maggie Hassan pushed for to bring down prescription drug costs and home energy costs, and includes Senator Hassan’s bipartisan measure to cut taxes for innovative small businesses and startups.
“Today, we delivered on our commitment to reduce costs for Granite Staters and Americans. The Inflation Reduction Act will lower prescription drug costs by allowing Medicare to negotiate prescription drug prices, a commonsense measure that I have been fighting for after hearing far too many stories of Granite Staters struggling to afford their much-needed prescriptions. And our bill takes meaningful action to lower energy costs and combat climate change, helping us to achieve energy independence,” said Senator Hassan. “Our legislation achieves these critical goals in a way that brings down the deficit and fights inflation. I am proud to have worked with my colleagues to pass this much-needed legislation, and I urge the House to pass our bill without delay.”
The Inflation Reduction Act includes key priorities that Senator Hassan pushed for such as: