and lower childcare costs, housing costs, education costs, and drive down the high cost of lifesaving prescription drugs. the build back better act will invest in a green economy, a sustainable economy. a resilient economy, and lower energy costs for everyday americans. the build back better act will create an economy that works for every single american. creating opportunity and prosperity in every single zip code. thank you, president biden, for your extraordinary leadership. democrats don't talk about it, we are about it. and because we are going to build back better for the people here in america, the best is yet to come. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from missouri is recognized. mr. smith: thank you, madam speaker. madam speaker, i'd like to read a quote of a senator who happens to be the budget chair on the other side of the aisle. he's quoted, you can't be a political party that talks about demanding the wealthy pay their fair share of taxes and then end up with a bill that gives large tax breaks to many millionaires. said senator

higher costs might be manageable for bigger enterprises and shipping costs and negotiate favorable terms for shipping companies. small firms engaging international trade but to accept prevailing market. drought the last year, service shown over half small business owners in the supply chain disruptions earning businesses. effort for many of them directly in ranking member and i met with several personally including what is here today she visited my district this past september. we must take a closer look how we weakened supply chains are hurting small firms and economy and what congress can do to strengthen the making supply chains more resilient and help ensure uninterrupted flow of vital goods and prepare ourselves for future potential disasters. i believe federal government must work closely with the finding solutions, i stress find solutions. to alleviate on supply chains. utilize small issues surrounding the supply chain which is one reason i look forward to hearing more about the trade expansion program that 800 winners as a market and sell products overseas. i'm on a mission to ge

a single diabetes drug, just one drug, and cost $5,000-$10,000 per year, without of pocket costs more than $2000 per year. diabetes costs for the government have risen 25% in five years, so this is not sustainable. health care costs are squeezing every other priority out of the federal and state budgets and balance sheets of businesses. we have to get health care costs under control and are not going to do it until we address the top because -- poor nutrition. chair booker: that is staggering, the fact we see so much diabetes. in five years alone, the last five years, our spending on diabetes has gone up 25%. what could the next five years bring if we do nothing? the point you made i want to ask about is that we have enough evidence and no some strategies that could interrupt this and make it at her, and they are promising strategies. they are strategies like food is medicine, access, and other witnesses testified that providing better access to healthy foods, dollars spent there, could get a double bonus as opposed to what we are seeing now, currently with the dollar spent we get a d

i can -- that's the cost. the exorbitant cost of drugs. if people can't afford to buy them, they can't use them, and their life is going to be in peril. thank you for yielding. i yield back. >> i would just have to say that the art behind you, that rorschach test, what is that behind you? all right. i called out the wallpaper, so i thought it was fair to be consistent. with that, you have anything to add? >> i want to add, i don't believe that we have to limit access to these drugs in order to save cost. it's a false choice. the v.a., i met with a veteran just recently who the drug that the veteran needs is not available on the formulary, on what's been negotiated. his family is spending thousands of dollars out of pocket to get the drug that the veteran needs. because that's what is going to save this person's life and improve their life. and that is not the future we want. the best way to address the cost of drugs is through the generic and the biosimilars. that's the way we're going to bring down the cost of drugs, not by limiting the a

the one cost i could not control with my health care costs. it will go up double percentages every year. senator braun, who is businessman extraordinaire, said he did creative things to bend his cost curve by providing healthier food options to people. if you could just put in! -- but an exclamation point, this is a fiscally conservative approach, right? we know if we do nothing wrong we are going to be doubling major increases in government spending, but we can invest in programs, we know, drive down government costs. if there is anything we can agree on, we are about to run government in the ground with one out of every three dollars being spent now on health-care costs, as opposed to if we do nothing, as you said, diabetes along costs grew 25%. more money thing the entire department of agriculture. i know senator marshall is in great demand, probably has to go to another hearing and the floor vote, if there is one more thing you can say, you were talking to a fiscal conservative, what would you say, hey, these are some of the best dollar in

you know, the cost of plastic containers, the cost of food. i truly believe a year from now, everything we buy will be 35% to 40% higher. it's going to take longer for it to catch up at the register. i would say i have spoken with people in the industry, a large part of this is driven by shortages of workers. so we're all struggling to either quickly automate to keep up with increased demand or do whatever we can do to find people. the shortage of people isn't just in the u.s. it's actually a worldwide struggle right now happening. so i feel like the u.s. has a really unique opportunity for advancement right now, as everyone is struggling on a global level. what are we doing to tap into our workforce that is here and trying to find those pockets of people and how we can get them out and working and contributing to society is really key right now. >> thank you so much, and unfortunately, i'm out of time, so mr. chairman, i'll yield back. >> the gentle lady yields back. now i recognize mr. meuser. you're recognized for five minutes. >> thank you

and lower childcare costs, housing costs, education costs, and drive down the high cost of lifesavingrescription drugs. the build back better act will invest in a green economy, a sustainable economy. a resilient economy, and lower energy costs for everyday americans. the build back better act will create an economy that works for every single american. creating opportunity and prosperity in every single zip code. thank you, president biden, for your extraordinary leadership. democrats don't talk about it, we are about it. and because we are going to build back better for the people here in america, the best is yet to come. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from missouri is recognized. mr. smith: thank you, madam speaker. madam speaker, i'd like to read a quote of a senator who happens to be the budget chair on the other side of the aisle. he's quoted, you can't be a political party that talks about demanding the wealthy pay their fair share of taxes and then end up with a bill that gives large tax breaks to many millionaires. said senator be

your cost at the pharmacy will be cut to a fraction with annual cost cap on medical --medicare part d and you will benefit from the hearing benefit. it is better if you have diabetes. when you go to the apartment see, instead of paying hundreds for insulin, you will pay $35 per month and no more. [applause] speaker pelosi: it is better for all americans. we are halting big pharma's outrageous tax hikes, and in addition to that, we are dramatically lowering health care costs, under the affordable care act. we are expanding coverage to millions under the affordable care act. it is better in terms of family care. if you are a parent, it is better. most families benefit from childcare costs reduced. cuts will be enhanced for most families. free, universal pre-k for every three and four-year-old in america. [applause] speaker pelosi: it is better if you are a middle income family. you will benefit from expanded, biden child tax cuts and paid family and medical leave. [applause] speaker pelosi: it is better if you are a caregiver. you will have the respect you deserve and will benefit from

we have now the official costs. the ruts are in. the claim by the president this costs zero and reduce the national deficit is undrew. according to the congressional budget office even counting the budget gimmicks, this bill adds hundreds of billions of dollars to the national debt and more true accounting by the committee for responsible federal budget estimates this could drive national deficits by $3 trillion over the next 10 years. the claim that this won't raise taxes on the middle class is simply false. one out of three americans in the middle class will see a tax hike starting next year. this bill -- the claim that this will make the wealthy pay their fair share is false as well. in this bill coming out of covid, two out of three millionaires in america will get a massive tax cut. and the claim that this will reduce inflation is not true as well. even according to the white house whose own favored analyst, the spending in this bill will drive up inflation for families, higher and longer for at least a decade. build back bette

so we have a big cost advantage. i think the 1000 by that is the capacity factor for wind farms are over 70 percent. and that compares we 55 percent in the north sea. right? so if we are able to harvest those resources to produce electricity and then bring hydrogen, we will be producing the cheapest, green hydrogen on the planet. then when i tell the story some counterparts say ok minister, but you run those numbers. the japanese i would be traveling to japan soon. they said ok minister, we're very interested. we would be important greenhouse jen green ammonia fuels. but let us run our own numbers and they said ok, let's do that. and they hired the institute for energy comics of japan. they run their own numbers, and the conclusion is the same. the cheapest green pneumonia which is what they want to import. all of the world, not only production, but we've shipping included, put in japan. we come from, even though chile is sort of at the end of the world. it depends on your point of view. but anyway, well, there is an

that is costs associated with the pandemic.here is still uncertainty about what the cost will be next year. and then there is uncertainty about a new drug, which is an alzheimer's drug that was approved by the fda, but medicare has not made a decision about whether or not it will be covered and so the actuaries have said we need a contingency fund in case medicare does decide to cover this drug because it is really pricey. it is $56,000 per person. people who have varying stages of dementia take this drug, it would be covered under part of the program or the costs are shared by the medicare program and people on the program through their premium. what the actuaries have said is we need to be sure there is sufficient money coming in in order to cover those costs. i will say that the government has not decided whether medicare will pay for this and we will not know until january and there is a possibility the government will say we are not going to cover it. the v.a. has made that decision. but there is also a possibility that it

the question is at what cost. are? they going to pay more money that would contribute to inflation in the short run. if supply chains get fixed or demand shifts from goods back to services, a lot would happens during the pandemic, we were all in our homes and may not be spending money in the way we were before on services. so a lot of spending over the past 18 months went to goods. if you look at a chart of spending, consumption of goods, it is above where you would expect it to have been if the pandemic had not happened. services, whether going to movies or ballgames, that is below or you would expect it to be if the pandemic had not happened. the fed is hoping that goes back to its pre-pandemic pattern. that might take some pressure off supply chain's. -- supply chains. if it does not, the fed is going to have some tough decisions next year. one thing the fed pays a lot of attention to our look and see -- are what consumers and businesses think inflation is going to be in the future. they think expectations are impor

or between the loss and the cost. to have a logical market outcome. >> so let me stay on point here for a second so when you have grant money so those who have manufactured housing that has not utilized this and many communities in my zoning plan so this eliminates homeownership for many parts of the country. how do you include manufactured housing? >> oh that could certainly go further to act on that language. but change must come from congress and changing the statute that we've worked with to provide them with work to compel local zoning reform. >> very good i just want your opinion on it a lot of people moving from places like california in the northeast and maybe in tennessee you can afford local planning commissions if they sub divide property into five acres. and tennessee has another curiosity that they require. which is an axis to strip to a public road. so this would be very difficult subdivision happening with 50 foot strips. have you seen that problem and what is the long term implication that's divided an

cost.ome _ uniform can cost. the new guidelines will iron out some of _ uniform can cost. the new guidelines will iron out some of these _ will iron out some of these inconsistencies, and i right? i presume you welcome it. we certainly welcome the — presume you welcome it. we certainly welcome the guidance. _ presume you welcome it. we certainly welcome the guidance. we _ presume you welcome it. we certainly welcome the guidance. we and - presume you welcome it. we certainly welcome the guidance. we and othersj welcome the guidance. we and others have been calling on it for a long time. what the guidance does is put on a legal requirement on schools to consider uniform costs when they are developing uniform policies and thinking about things such as branded items, who their suppliers are, how long their list of compulsory items are. these are all things schools will now have to consider and i suppose it is now on the schools to take this guidance forward and implement it and make sure they

they were facing unlimited costs for their social— facing unlimited costs for their social care.e because if— social care. and it was up there because if you have dementia or alzheimer's, you could face these bills running in the hundreds of thousands of pounds, they present all your— thousands of pounds, they present all your assets. where is somebody who had _ all your assets. where is somebody who had cancer or some other disease that's— who had cancer or some other disease that's treatable by the nhs for free, _ that's treatable by the nhs for free, did — that's treatable by the nhs for free, did not face that. so, this is something — free, did not face that. so, this is something that needed to be fixed for more _ something that needed to be fixed for more than a generation. this government is coming in, taking the tough _ government is coming in, taking the tough decisions and fixing it. they are saying this will help everybody to they are saying this will help everybody— they are saying this will help eve bod y ., ., .., they are saying this will help eve bod ., ., .., _,,

this is having a huge economic cost. but, in the end, a pandemic which we don't get rid of will have a larger economic cost. it is a balance. some countries seem to have done it better than others. in other places, restrictions have been minimized because of political opposition. there is a strand of libertarianism, definitely in my own country and in the u.s., which sees things even as simple as mask wearing as incursions on personal liberty. that kind of attitude is making the situation worse. dareen: we will delve into the economic discussion a little more, but take a look at the statistics. this new variant is threatening to undo the recent economic recovery. millions of people lost their jobs when businesses were forced to close during the initial wave of the pandemic. global supply chains are severely disrupted. many ports are clogged with shipments causing supply shortfalls and the international monetary fund predicts the cost of food and gas will rise 4.3% this year. that's the biggest jump since 2011. on the iss

that's twice as much as the democrats say it will cost. it's not just the top line costs. it's the tax increases, too. according to tax policy center, a center left think tank, 20% to 30% of middle income families will see their taxes go up in 2022. that directly breaks president biden's pledge that he wouldn't raise taxes on the middle class. let me make sure i state that. clearly. according to tax policy center, this is a center left think tank, says 20% to 30% of middle income families, these are ones already having a hard time because of inflation, who are already going to celebrate the most expensive thanksgiving in their lifetime, paying gas higher than they have seen, and inflation to many of them higher than they ever had in their own lifetime. but the president promised them he would not raise their taxes, but the tax policy center says 20% to 30% a cording to have your -- are going to have your taxes raised. the democrats are trying to pull a bait and switch on the american people. tell them one thing but vote on something else. the american people obviously know

what is the new cost of capital versus the old cost of capital?e will take $5 million of debt all far balance sheets, high cost at we put in place during the pandemic. down the road it is offering a green bond at a much lower debt. when you take the net-net of those disco actions, we believe the cost of that debt will be cut in half. this is a good step forward for assessor company, deal ever our balance sheet, lower our debt and it puts us on a path we are aiming towards to get back to investment grade. alix: how quickly do you think you can do that? john: we are focused on what we can control. we can control the performance of our business and keep executing our ford plus plan. you are seeing the results taking place when we announced our quarterly earnings. we will focus on that and focus on deleveraging our balance sheet, lowering our cost of debt. rating agencies will take action when appropriate. we will focus on what we can control. we cannot control with rating agencies will do, we'll just keep improving the business and improve our balanc

this whole setup cost £9 million. customers. this whole setup cost £9 million- 7596 — customers.setup cost £9 million. 7596 of the _ customers. this whole setup cost £9 million. 7596 of the cosmic _ customers. this whole setup cost £9 million. 7596 of the cosmic by - customers. this whole setup cost £9 million. 7596 of the cosmic by the - million. 75% of the cosmic by the government. scotland is aiming to get a net 05 years before the rest of the uk by 2045. cop26 provides glasgow, the whole of scotland in fact, with an opportunity to showcase its green credentials but it also brings increased scrutiny. the scottish government has missed its climate targets for each of the last three years. increased investment in transport is a major plank in its catch—up plan. iligiith investment in transport is a ma'or plank in its catch-up pumi plank in its catch-up plan. with a scrub u - , plank in its catch-up plan. with a scrub up. we _ plank in its catch-up plan. with a scrub up, we will— plank in its catch-up plan. with a scrub up, we will be _ plank in its catch-up plan. with a scrub up

at must mark -- much more modest cost than incentive programs. congress should create something similar to the fair housing act, to allow victims of economically discriminatory government zoning policies to sue in federal court, just as racial discrimination. i call this economic fair housing act. the fair housing tax was a monumental advance for freedom and help produce a 30% decline in segregation since 1970. at the same time, income segregation has more than doubled during this period. part of the problem is that highly educated elites have been unapologetic about negative attitudes toward the less educated. for historical reasons, this is not held in the same disrepute as being a racist. but in the context -- black families and working-class families of all races are held in such low regard that the state is somehow justified in sponsoring laws that make it illegal for anyone to build the types of housing these families can afford. economic discrimination -- the act would also reduce racial segregation by helping low income people of color wh

prescription drugs, cut childcare costs, cut housing costs, and implement universal pre-k for 3 and 4-year-olds all across the country. and in doing so, cut early childhood education costs as well. those will be additional wins for the american people, delivering on president biden's promise to build back better. it's now my honor to yield to our distinguished vice chair, pete aguilar. mr. aguilar: thanks, mr. chairman. as the chairman mentioned, yesterday, we were pleased to join our colleagues, including some on the other side of the aisle on the south lawn as the president signed the infrastructure bill. the american jobs bill. and it's so -- we're so thankful for his leadership and we're so thankful to be able to go back to our communities and answer the question that they give to us all the time which is -- when are you going to get this done? when are you going to do something to help our communities? and time and time again, house democrats have been delivering. and that's what we did yesterday, investments, as the chairman mentioned, in crumbling bridges and roads. investmen

corporations cut cost to jews quarterly earnings numbers even when they -- cut costs to juice quarterly earnings numbers even when they are -- during a once in a generation goebel pandemic, despite the supposedly verse shortages and inflation fears, wall street banks and corporations managed to rake in record profits. they shot above $3 trillion. the margins keep growing and while working families are starting to get back on their feet, megacorporations would rather pass higher costs on to the consumer than to cut into their already large profits. to continue the progress we need to rethink the old system. the biden administration is creating jobs and bringing down costs for families to build a resilient economy. cost seven rising for years, housing, health care, childcare, preschool. the democrats' agenda will bring down these costs. with pasty american rescue plan, -- we passed the american rescue plan, and the largest tax cut to help families afford childcare and keep up with the cost of living. 90% of families in pittsburgh, cleveland, toledo, philadelphia, 90% of families with chil

how much it costs. going to be the largest bill in the history of america. largest tax increase, largest funding. and she wants to ram it through simply because she wants to go to her third trip to europe in three months for her farewell tour. i don't know how many more countries she can hit and not allow the american public to not know what is in the bill? why does she think she can do it? because she did it the last time they lost the majority. yes, sir. >> as the leader you talked about high inflation, high gas prices and i did fill my tank up this morning and gas was a little bit higher but i wanted to ask -- >> a little bit higher than what, last week? >> higher than last year. >> it was 3.46. >> come to california. you are almost $5 a gallon. >> my question is what did you make of this morning's unemployment numbers or job numbers, more than half a million jobs created in the month of october. is that a good sign for the biden? >> it's great for america. to the bidens, i don't know. they've been u

how much it is costing. since 2015, congress has enacted eight laws, including the newly signed infrastructure in investment and jobs act which gets oil from the strategic petroleum reserve. and they require the department of energy to sell 1.5 billion of crude oil to pay for s.p.r. modernization programs. mr. nalley, can you speak to some of the immediate relief that tapping the strategic petroleum reserve would provide to all americans right now? mr. nalley: well, as you said, the s.p.r. is an important resource of the united states. based on past analysis, we have done our assessment and the current situation is it would provide temporary relief. what's available, as you just articulated there, limits to what can be released in a short-term situation. and we did some recent analysis where it looked like somewhere between 15 million barrels to 48 million barrels for a short period of time would bring down the price of crude oil about $2 per barrel. about five to 10 cents at the pump. senator cortez masto:

i can -- that's the cost. the exorbitant cost of drugs.people can't afford to buy them, they can't use them, and their life is going to be in peril. thank you for yielding. i yield back. >> i would just have to say that the art behind you, that rorschach test, what is that behind you? all right. i called out the wallpaper, so i thought it was fair to be consistent. with that, you have anything to add? >> i want to add, i don't believe that we have to limit access to these drugs in order to save cost. it's a false choice. the v.a., i met with a veteran just recently who the drug that the veteran needs is not available on the formulary, on what's been negotiated. his family is spending thousands of dollars out of pocket to get the drug that the veteran needs. because that's what is going to save this person's life and improve their life. and that is not the future we want. the best way to address the cost of drugs is through the generic and the biosimilars. that's the way we're going to bring down the cost of drugs, not by limiting the acces

we don't have an official cost estimate from the nonpartisan cbo office. instead, we have nonsense numbers totally made up numbers handed down from the white house in the bill of the night. that is not how we govern responsibly in this body. i came to washington, d.c. to be an advocate for taxpayers and make sure that iowans voices are heard and to bring a little bit about iowa common sense to the capital. this place clearly needs it. working families in iowa sit around the kitchen tables and talk about what is important to them, build the budget that fits within their means, and stick to it. i know what that is like. moms across his country know what that is like. it is not easy. we have to make hard choices. it is disrespectful and embarrassing we are even having this debate right now. how can we spend taxpayers money without even knowing how much we are spending? in the speakers own words, "we should not vote without a cbo score." i agree. americans deserve to know the impact legislation will have on their lives. the best estimates we have, which don't

the cost of living has reached the highest rate in almost a decade due to rising fuel and energy costs. inflation is now more than doubled the bank of england's target. consumer prices were 4.2% higher last month than a year ago. the costs of transport, gas and electricity bills, as well as second—hand cars climbed. in september inflation was 3.1%. the bank of england's aim is to keep inflation to around 2%. rising prices are putting new pressure on households and businesses. economists are debating now how much of the surge in inflation can be blamed on the pandemic and how long it will last. our reporter colletta smith has been speaking to people in halifax. it's lunchtime at nursery. and with 63 hungry mouths to feed the staff here have their hands full. paula has increased her hours recently to make sure she's getting enough to cover the bills at home. i'm getting more money in but then i'm paying it out forfuel, food. gas and electric has gone up again. gas and electricity. sarah has got 12—year—old twins so the weekly shop is getting to be more of a worry. where i tended to go be

the transportation cost, inventory cost -- there are all sorts of costs that get added in with the lengthyupply chain. taylor: talk to us about the inventory costs. the cost that once you start ramping up, this on shoring once we get there, the problem it hits perhaps when a lot of the supply chain issues have been resolved. are you thinking that the demand for chips will be more never-ending? >> i do think the demand for chips is going to be never-ending in the foreseeable future because we are digitizing not only our supply but our lives. with that said, there is overall consumer products are going to end up with a glut of inventory somewhere along the line because there is a significant amount of inventory in transition coming from overseas. there are also folks who are reassuring. you're right there will be inventory piles somewhere. this mark companies are building strategic inventory stockpiles and those make a light of sense ongoing. caroline: let's bring back the qualcomm ceo. let's talk about your strategy and how you have weathered what has been an extraordinary supply chain stor

it's the cost of the diesel fuel costs in the tank. ok. so this is, this is throughout the economy. and part of what happened in the 1970 s is that labor got behind that ball. then they pushed very, very hard to catch up. and by the time that the vulgar did what he did and continued on for a while, everybody seems to forget that there's a 12 to 18 months time lag between when you do something, when it shows up in the price level. generally, that's always been the case. so by the time the labor, you know, got what they wanted and kept getting what they wanted, they went another year and a half beyond that point, it ended up bankrupting a bunch of companies. because the, the cost inflation at that point was gone yet the labor side of it continued to prosper from it. so that went too far, then it snapped back. now we've gone too far the other direction, and we're probably going to see the same sort of thing happen again, because that's just the nature of humans, is that we, we don't look at things. you know, we said, well, we have to do all of this monetary stimulus because of the pan

if we increase the cost, to --, and it has to increase the cost on the supply chain, it is very likely that our customers will be seeking other sources of supply so their products can remain competitive and viable. there are foreign manning companies --mining companies that would be eager to enter the market in the united states. it would have a dramatic impact on us and the other thing i want to mention, we talk about the 8% and 4%. in our business, we have a plant of operation that encompasses a relatively small area. we are updating their plan of operation as we move forward. the 4% when applied to what we have today but when we look at this, we think in the future, we will pay a percent under the current proposal. >> i remember fondly visiting my grandfather at the gold mines in nevada in places like -- and many others. these are important jobs and this is an important activity but i think it is equally true that there are obvious and important reforms that should be added to the 19th -- 1872 mining act with regards to cleanup and you heard that from mr. wood. i have to say i'm dis

statement of the true cost of the bill. this isn't a reflection on the folks that work at the c.b.o., but the scoring rules they must follow. so despite the fact that our democratic colleagues have explicitly said that temporary programs will be extended at the first opportunity beyond the terms laid out in the bill, the congressional budget office has to play along and act like that's true, but we know it's not true. fortunately there are groups on the outside that have conducted their own analysis. assuming that all these phony cliffs and expiration dates and one-year creation of programs that will later be extended, they don't have to buy this sort of smoke and mirrors approach to the budget. these groups have conducted their own analysis and have told us what they think the true cost of this $1.75 trillion bill, so-called, that passed the house, what it will be. for example, the budget experts at the university of pennsylvania's wharton school of business have analyzed this legislation as if these temporary provisions w

americans into housing, in particular, what the role of zoning is in adjusting these costs. we see often some of our biggest cities, democratic controlled cities across the united states have strict zoning rules and regulations which seem to be driving up the cost, and it's something we don't spend enough time looking at and thinking about, looking at the housing in new york city, los angeles, and what the role of local regulation is on this, and what the role of this demand side subsidies would have inside the overall cost of housing in the context of not really addressing the supply side issue in many of our nation's largest cities. again, in particular, new york city and los angeles which both have supply side constraints on housing, often through local zoning requirements, coupled with the highest housing costs in the united states of america. if i can ask you ms. hamilton, as you may know, the majority about 300 billion in new housing spending through this committee, and most of the money would go towards demand size subsidies, and based on today's conversation, the pro

and lower childcare costs, housing costs, education costs, and drive down the high cost of lifesaving prescription drugs. the build back better act will invest in a green economy, a sustainable economy. a resilient economy, and lower energy costs for everyday americans. the build back better act will create an economy that works for every single american. creating opportunity and prosperity in every single zip code. thank you, president biden, for your extraordinary leadership. democrats don't talk about it, we are about it. and because we are going to build back better for the people here in america, the best is yet to come. the speaker pro tempore: the gentleman from kentucky reserves. the gentleman from missouri is recognized. mr. smith: thank you, madam speaker. madam speaker, i'd like to read a quote of a senator who happens to be the budget chair on the other side of the aisle. he's quoted, you can't be a political party that talks about demanding the wealthy pay their fair share of taxes and then end up with a bill that gives large tax breaks to many millionaires. said senator

cost of the renewables, what would be the cost of that renewable relative to natural gas?, sir, i don't have that's numbers at hand. what i do know is that whatever renewable capacity as added, it doesn't mean you can retire the thermal generation needed during peak times of peak demand. and the senator heinrich didn't allow me to respond to that, but that was clearly the case in texas, when the grid was on the verge of collapse and it was, as big magnus former ceo said on february 25th, within four or five minutes of total collapse. when you think about that and think about a grid that's heavily reliant on renewables that cannot deliver power when power is dear and 25 million texas in the market could have been put into darkness, we wouldn't have had 700 people die, it would have been in the tens of thousands. >> let me ask you, this bryce, and global and gas emissions and natural security. you pointed out the supply chains for the batteries renewables to restore the electrons come out of china, either they're mined by chinese companies or processed in china or often usin

it will lower prescription drug costs, capping the cost of insulin at $35.t will establish paid family and medical leave and provide universal and free prehad been k -- pre-k. madam speaker, i have talked to so many of my constituents who are sick and tired of working hard but falling behind. all they want is a congress and a country that puts their needs first. that is what the policies contained in this bill will do. these are the kinds of -- kind of priorities that make me proud to be a democrat. they are the kind of advancements that the american people have been demanding for decades. the build back better act finally turns the page on four decades of failed trickled down economics and it invests in the people who built this country. in our workers, the middle class, and everyone fighting hard to get there. and at a time when the wealth gap between the richest and the poorest families in this country has more than doubled, this bill will stem the rising tide of income inequality by asking those at the very top to pay what they oh, to pay their -- what t

of electricity.- the soaring cost of electricity. the soaring cost of electrici . ., , ., electricityi decided _ electricity. that is the main reason i decided to - electricity. that is the main reason i decided to install i electricity. that is the main| reason i decided to install a solar panel right now... spanish consumers like isabel are paying more than 40% than they were last year. it are paying more than 4096 than they were last year.— they were last year. it has increased _ they were last year. it has increased by _ they were last year. it has increased by 2096 - they were last year. it has increased by 2096 in - they were last year. it has increased by 2096 in the i they were last year. it has i increased by 2096 in the past increased by 20% in the past two or three months so it is a lot. now with winter coming it is going to increase even more. many eu countries are facing the same problem, caused by an energy shortfall.— energy shortfall. what happened in 2021 was _ energy shortfall. what happened in 2021 was an _ energy shortfall. what happened in 2021 was an increase, -