Today, President Joe Biden signed the Inflation Reduction Act, officially codifying this groundbreaking piece of legislation into law. In response, SMART issued the following statement.

“By signing the Inflation Reduction Act, President Joe Biden has once again acted on his campaign promise to be a president for working Americans. Once implemented, the Inflation Reduction Act will help alleviate rising prices for working families by cutting the cost of healthcare, lowering utility bills and making massive investments in green energy and American manufacturing – all with strong labor standards that will help create good, union jobs. Unlike the past administration, this legislation will see absolutely no tax increases for small businesses and families that makes less than $400,000 a year – instead, corporations will finally be held accountable and pay their fair share. And most importantly for our members, SMART workers will be called upon to take on the green energy jobs that this bill creates. We commend President Biden for signing this bill, and we look forward to meeting its demands.”

Today, the United States House of Representatives passed the Inflation Reduction Act, sending the legislation to President Joe Biden’s desk to be signed into law. In response, SMART issued the following statement.

“SMART applauds the work of the United States House and Senate for pushing this vital piece of legislation across the line for working families across our country. The Inflation Reduction Act will combat rising prices, cut the cost of healthcare for working Americans and invest billions of dollars into clean energy facilities and making homes and commercial buildings energy efficient. Importantly, the strong labor standards attached to the tax credits for production, energy efficiency and investment will help create good, union jobs – and SMART members are the workers with the skills and expertise to take on those jobs, from retrofitting schools to building green energy facilities. Our members are ready to meet the demands of this bill and will play a crucial role in solving the climate crisis.”