Machinists Unions Applauds Senate Passage of Inflation Reduction Act

WASHINGTON, Aug. 9, 2022 – Robert Martinez Jr., International President of the 600,000-member International Association of Machinists and Aerospace Workers (IAM), released the following statement:

“The Machinists Unions applauds the passage of the Inflation Reduction Act of 2022 by the U.S. Senate. Our union considers this legislation, which now moves to the House, critical to helping fight inflation, lower costs for America’s working families, and create millions of good-paying manufacturing and construction jobs in the clean energy sector. Our nation has a clear path to a clean energy future while ensuring fairness in our tax code by making the extremely wealthy and large corporations pay their fair share of taxes.  

“The Inflation Reduction Act adds fairness to our tax code by ensuring that the extremely wealthy and large corporations pay their fair share of taxes while making historic investments in clean energy manufacturing, production, and deployment. Workers will benefit from the bill’s tax credits, including labor protections that strengthen and enforce prevailing wage requirements, apprenticeship programs and Buy American domestic content standards, ensuring these investments will create high-quality jobs here at home. 

“The healthcare provisions included in this legislation will cap seniors’ out-of-pocket spending on prescription drugs and reduce health insurance premiums for millions across the country.

“The IAM will push to ensure that this bill that creates high-quality jobs and increases domestic manufacturing passes the House.”

The post Machinists Unions Applauds Senate Passage of Inflation Reduction Act appeared first on IAMAW.

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Updated: August 16, 2022 — 4:01 pm