The US Ginseng Institute approves the reduction of the inflation bill, and Republicans are opposed: declare war on the fuel of beauty fossils

[Global Times Special Journalist in the United States] The Senate of the United States Congress passed the "Reduction Act" proposed by the Democratic Party on the 7th. On the one hand, the bill will invest US $ 430 billion in fiscal expenditures for climate change and control prices; On the other hand, it will increase corporate taxes to balance expenses and reduce fiscal deficit.

According to the US CNN reported on the 7th, the US Senate passed the "cutting inflation bill" proposed by the Democratic Party with 51 votes and 50 votes on the same day. US Vice President Harris voted for a decisive vote and broke the deadlock of 50:50. The U.S. House of Representatives will vote on the bill later this week. After the House of Representatives passed, the bill will be submitted to the White House immediately, and the US President Biden will sign into effect.

CNN said that the "Reduction Act" will invest about $ 430 billion in fiscal expenditure for climate change and reduce medical insurance costs. Among them, nearly 370 billion U.S. dollars will be used to respond to climate change, promote cleaning and renewable energy, and boost related industries, which is regarded as the largest investment in the United States in this field. In addition, federal medical insurance will receive bargaining power for the first time for certain prescription drugs. On the other hand, it will levy a minimum tax rate of 15%to a large company with annual income of more than $ 1 billion, so as to bring a US $ 739 billion fiscal revenue in the next 10 years. "Forbes" magazine said that due to the expected funds raised more than expenditure, the bill will reduce the $ 300 billion federal deficit in the next 10 years and moderately alleviate the inflation in the next few years.

On the 7th, Biden issued a statement for the supporters of the bill, and said that the bill would play an important role in responding to climate change, reducing people's medical insurance and energy expenses, allowing large enterprises to do their best tax obligations, and reducing fiscal deficit. Biden also called on the House of Representatives to approve the bill as soon as possible, "I look forward to signing it as a law." Reuters said that the Democratic hopes that the bill can be passed before the parliament in August this year. Candidates of the hospital won in the mid -term elections in November.

Republicans are opposed to the bill. McConal, a minority party leader of the Senate, said that the increase in tax content of the bill will "stifle the opportunity to work" and at the same time "declare war on the US fossil fuel." Senior Senator Graham said that the bill not only could not reduce the inflation in the United States, but also further caused the economy to decline, because the tax to the enterprise was too heavy, which would crack down on the enthusiasm of the enterprise and increase the series of expenses such as energy such as energy sources in energy. The cost of the upper bill is the final consumer.

Mai Cornell Data Map Source Visual China

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