The Inflation Reduction Act framework released last night makes the largest investment in climate action in history, with $369 billion for climate and energy programs, but includes a significantly compromising provision that would require the Department of Interior to reinstate oil and gas leasing in the Gulf of Mexico. The bill also extends Affordable Care Act subsidies and allows Medicare to negotiate prescription drug prices. Provisions would be paid for by increasing taxes on wealthy individuals and corporations.
The following quote is from Lisa Giordano, Executive Director of the Association of Young Americans (AYA):
"While it is very exciting for our generation that Congress has agreed to a historic investment in climate and to increase access to and affordability of healthcare, it is disappointing that such progress only seems possible with significant compromise. Young people are fighting for a clean future and a complete transition to renewable energy — the proposed climate investments in sustainable agriculture and forestry, clean energy development, and wildfire risk reduction are very strong investments in our future; however, the framework's expansion of fossil fuel development is not."
On behalf of the over 22,000 members we represent across all 50 states, the Association of Americans (AYA) applauds our Congressional leaders for maintaining strong climate and healthcare provisions in the proposed reconciliation bill and expresses our gratitude for the prioritization of our generation's future with such investments, while also lamenting the bill's support for oil and gas leasing.
The Association of Young Americans (AYA) is a nonprofit, nonpartisan membership-based organization advocating at the federal level on behalf of young Americans aged 18–35. AYA represents its over 22,000 members by working to advance the policies and legislation important to our generation. Learn more at www.joinaya.org.