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Monday, August 8, 2022

This tells us what kind of MAGA Representative Fung would be

Two Days after MAGA leader McCarthy campaigns for Fung, Fung announces opposition to Inflation Reduction Act

General Treasurer and congressional candidate Seth Magaziner released the following statement regarding Allan Fung’s opposition to the Inflation Reduction Act: 

“Allowing Medicare to negotiate drug prices and capping out-of-pocket prescription drug costs will be life-changing for Rhode Islanders who are struggling to pay for the healthcare they need. Rhode Island families need relief from rising healthcare and energy costs and this bill does both.” said General Treasurer and congressional candidate Seth Magaziner.


On Saturday, McCarthy hosted a secretive exclusive fundraiser for Fung in Jamestown.  Now, two days later, Fung announced his opposition to this historic legislation that will lower the cost of prescription drugs, close tax loopholes for billionaires, and fight climate change.  


“Allan Fung has shown over and over he will stand with extremist national Republicans who will put the interests of billionaires before seniors and hard-working families,” said Magaziner for Congress Communications Director Patricia Socarras.  “When people tell you who they are, believe them.”


The Inflation Reduction Act was passed by Senate Democrats yesterday and is headed to the House where it is expected to pass.  The historic legislation allows Medicare to negotiate drug prices for the first time, caps out-of-pocket costs at $2,000 for drugs, protects Affordable Care Act subsidies,  invests billions in the clean energy economy, and imposes a 15% minimum tax on corporate profits for businesses that earn at least $1 billion a year.