<p dir="ltr" id="docs-internal-guid-91a68333-7fff-2190-6a26-7e5e7e2b6530" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">From: Congressman Frank Pallone Sent: Friday, August 19, 2022 5:30 Subject: The Inflation Reduction Act is Now Law</span></p><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">Dear Neighbors,</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">President Biden signed the Inflation Reduction Act into law this week. I was honored to join the President at the White House this week for the signing ceremony. The bill is one of the most significant pieces of health care legislation to become law in over a decade.</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">This new law will:</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">✔️lower prescription drug costs for seniors by finally empowering Medicare to negotiate the cost of prescription drugs</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">✔️cap the amount seniors pay for drugs at $2,000 annually and the amount seniors pay for insulin at $35 per month</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">✔️lower the cost of monthly health insurance premiums for millions of Americans</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">✔️penalize Big Pharma for unfairly hiking prices faster than inflation by requiring them to pay a rebate to Medicare.</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">The Inflation Reduction Act is also the single-largest investment in climate action in American history and will create new clean jobs and lower energy costs for American families. The law will also slash our nation’s climate pollution 40 percent by 2030 and put us on track to meet our aggressive climate goals. It also includes $2.6 billion to conserve and restore coastal habitats with living shorelines projects that will protect coastal communities like the ones along the Jersey Shore.</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">The Inflation Reduction Act Holds Corporate Polluters Accountable</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">The Inflation Reduction Act will reinstate the Superfund tax on oil companies. It’s expected to raise $11.7 billion. I’ve long advocated for reinstating the tax on these companies to ensure polluters, not taxpayers, foot the bill for cleaning up waste and pollution. It’s estimated that 50% of New Jersey’s population lives within 3 miles of a Superfund site. In July, the Superfund tax was reinstated on chemical companies thanks to the Bipartisan Infrastructure Law. With this new funding source, the Environmental Protection Agency will be able to tackle more cleanups and address cleanup backlogs years in the making. Read more here</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">If you have questions about resources available to New Jerseyans related to COVID-19, click here to visit my website or call my offices directly:</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">Middlesex County: 732-249-8892</span></p><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">Monmouth County: 732-571-1140</span></p><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">Sincerely,</span></p><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="font-size:14pt;font-family:Arial;font-variant-ligatures:normal;font-variant-east-asian:normal;vertical-align:baseline;white-space:pre-wrap">Congressman Pallone</span></p><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;"><br style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;">-- <br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><br>Warmly, <br>Linda Melendez, President<br>National Federation of the Blind of New Jersey<br>732-421-7063<br><a href="mailto:president@nfbnj.org">president@nfbnj.org</a><br><a href="http://www.nfbnj.org">www.nfbnj.org</a><br>Facebook: <a href="https://m.facebook.com/NFB-NJ-353099574776238">https://m.facebook.com/NFB-NJ-353099574776238</a><br></div>