Sinema-Shaped Inflation Reduction Act Signed into Law

Aug 16, 2022

The Inflation Reduction Act – now law – includes Sinema’s provisions making health care more affordable and accessible for Arizonans, boosting drought resources for Arizona and the West, and growing Arizona’s economy

WASHINGTON – Arizona senior Senator Kyrsten Sinema released the following statement on the Inflation Reduction Act being signed into law. Sinema shaped the law to accomplish two main goals for Arizona: help Arizona’s economy grow and compete, and boost drought and climate resources for Arizona and the entire American West:
“With the Inflation Reduction Act now signed into law, we’re helping Arizonans build better lives for themselves and their families by making health care more affordable and accessible, securing Arizona’s water and energy future, and boosting innovation and job creation across our state. We’ll keep working to help Arizona continue to grow and thrive.”

Senator Sinema was instrumental in negotiating the historic, transformative Medicare drug negotiation plan included in the Inflation Reduction Act that will reduce out-of-pocket costs for seniors, save taxpayer dollars, and protect innovation to ensure Arizonans and Americans continue to have access to life-saving medications, and new cures and therapeutics.
Senator Sinema also ensured the Inflation Reduction Act included critical resources for drought resiliency for Arizona and the entire American West. She would not support the Inflation Reduction Act without ensuring the legislation included adequate climate resources to secure Arizona’s water and economic future. 
For over a year, Senator Sinema has been consistent that she supports tax reforms and revenue options that target tax avoidance, make the tax code more efficient, and support Arizona’s economic growth and competitiveness. At a time of record inflation, rising interest rates, and slowing economic growth, Senator Sinema knows that disincentivizing investments in Arizona businesses would hurt Arizona’s economy’s ability to create jobs, and she ensured the Inflation Reduction Act helps Arizona’s economy grow.