Sinema Statement on Advancing the Inflation Reduction Act

Aug 6, 2022

Sinema shaped the legislation, ensuring it helps Arizona’s economy grow and compete and boosts drought resources for Arizona and the West 

WASHINGTON – Arizona senior Senator Kyrsten Sinema released the following statement on advancing the Inflation Reduction Act after it changed to accomplish her two goals: helping Arizona’s economy grow and compete, and boosting drought and climate resources for Arizona and the entire American West:
“Arizonans are hurting – they want to return to normal but face rising prices, empty store shelves, and slowing economic growth. For over a year, I’ve made clear the importance of ensuring all legislation stays thoughtful and targeted to help our economy grow.
“Through our negotiations, we ensured the Inflation Reduction Act lowers costs for everyday Arizonans, makes health care more affordable and accessible, secures Arizona’s water and energy future, and creates jobs – and does so in a way that boosts Arizona’s innovation and economic competitiveness so Arizonans can build better lives for themselves and their families.”
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.