STATEMENT: Colorado Dems Applaud Senators Bennet & Hickenlooper for Passing Inflation Reduction Act

GOP Senate candidate Joe O’Dea sides with big corporations to oppose landmark bill

Over the weekend, Senate Democrats passed the Inflation Reduction Act to lower costs like prescription drug prices, fight inflation, and combat climate change while making the biggest, wealthiest corporations pay their fair share.

Colorado Democratic Party Chair Morgan Carroll reacted to the landmark legislation with the following statement:

“Thank you to Senators Bennet and Hickenlooper for putting Coloradans first by voting for a bill that will bring relief to working families. This bill will tackle inflation and lower costs like prescription drug prices while making a historic investment to address climate change – all while making big wealthy corporations pay their fair share.

“Republican Senate candidate Joe O’Dea opposes the bill and is spreading misleading GOP attacks about it because he’s a rubber stamp for the McConnell MAGA agenda. The contrast couldn’t be clearer – Bennet is working for Colorado while O’Dea is proving his loyalty to Big Pharma and corporate special interests who make record profits while price gouging working people.”

What they’re saying about the Inflation Reduction Act: 

• CNN: First on CNN: Top economists say Democrats' health care and climate package will put 'downward pressure on inflation'

• Business Insider: The Manchin-backed Inflation Reduction Act is likely to live up to its name, Moody’s economists say;

• NYMag: Republicans Say Biden’s Plan Taxes the Middle Class. That’s False;

• New York Times: Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible;

• The Hill: Democrats’ plan would decrease deficit by more than $100B: CBO;

• CNN: Clean energy package would be biggest legislative climate investment in US history

• CPR: Michael Bennet plays key role in adding $4 billion to fight drought in the West