now on inflation yesterday Americans got a another piece of excellent news in the fight against inflation according to the Department of Labor the Consumer Price Index was measured at 2.5% in August compared to a year ago this floor chart illustrates just that two years ago two years after we pay pass the inflation reduction act in chips and science inflation has now slowed to a three-year low here's what it was in 2022 here's what it is right now it went from 88.3% when the chips and science Act and the inflation reduction act were passed to 2.5% today let me repeat two years after the inflation reduction Act and the chips and science act inflation has slowed to a three-year low Republicans claimed investing in America would make inflation Skyrocket and drive our economy into a recession instead the house has had the strongest sorry instead the US has had the strongest postco recovery in the world manufacturing construction at an all-time high nearly triple its peak during the last Administration and inflation continues to Trend lower and inflation has slowed despite Senate Republicans trying to block and derail so many of the bills we pushed in this chamber to lower costs and make life easier for American families remember when Republicans had a chance to vote for lower prescription drug cost for seniors they voted no when Republicans had a chance to cap insulin at $35 a month for Americans on Medicaid they voted no when Republicans had the chance to dramatically expand the child tax credit and cut child poverty in this country in half they voted no and when Republicans had the chance to invest in rebuilding America and bringing Advanced manufacturing jobs back to our Shores and open new factories for EVS and solar and chips many of them still voted no though then back home they tried to take credit for these jobs for 3 years Republicans have proudly been the party of no no Solutions no plans no attempts to fix our country's problems but today's report shows that the Democratic agenda is working this is dramatic and despite Republicans be best efforts to derail our country's recovery we've moved forward in a very positive way