International Observation 丨 Biden plans to sign the Angle Act of Inflation. Is the 755 -page bill really in charge?

According to the Washington Post, US President Biden plans to sign a 2022 inflation reduction bill on August 16, local time. The bill involves climate change, medical insurance, tax reform, etc.

When the House of Representatives voted on August 12, the "Inflation Act" was obtained with the smaller advantage of more than ten votes in the case of 220 and 210 seats in the case of democracy and republics respectively. Earlier, in the Senate voting of the US Congress, the Democratic Party was involved in the danger of the danger with the results of 51 votes in favor of 51 votes and 50 votes with the key votes of Harris.

However, Republicans who are opposed to the opposition believe that the bill is called the "British Act", but it "does not play any effect" in actual reduction of inflation.

"Angle Act Act" Act 755 pages long

It is reported that the "Angle Bound Act" is 755 pages. From the perspective of specific content, the bill will increase the total government expenditure of 430 billion US dollars, while creating a fiscal revenue of nearly $ 740 billion.

In government expenditure, a record of US $ 369 billion was used to cope with climate change. The goal was to reduce carbon emissions by 40%by 2030. The part of the bill involves transportation and power generation, including $ 60 billion to develop the renewable energy infrastructure of manufacturing industries such as solar panels and wind turbines.

In addition, $ 64 billion is used to reduce the price of prescription drugs. At the same time, the bill also authorized federal medical insurance to negotiate at the price of 100 drugs in the next 10 years to promote the reform of prescription drug pricing.

In the field of taxation, the bill will levy 15%of companies with a minimum tax of 15%of companies and collect taxes to people with more than $ 400,000 or more, and spend $ 80 billion to improve the tax law enforcement capabilities of the IRS. In the previous negotiations of the Senate, Democratic MPs also added taxes on stock repurchase.

How much practical impact can be observed still

The analysis pointed out that the main purpose of the Bayeng government's launch of the "Inflation Act" can be summarized as "one liter, one drop and one increase", that is, to reduce the federal government's fiscal deficit through the "promotion" tax; The impact on some people; encourage the development of new energy and new energy vehicles through "increase" subsidies to cope with the inflation problems caused by high oil prices.

Most leader of the United States Senate and Democratic Senator Chake Schu Mo pointed out that "the introduction of economic legislation on climate change and improving people's livelihood is a cause of the Bayeng government that has been promoting but difficult."

Republicans who are opposed to the opposition believe that the so -called "Angle Act" will actually make the inflation problem even more rampant, and because of the terms of taxation to large companies in the bill, the United States is closer to decline. The Budget Office of the Parliament No Party said that the bill affected the inflation from 2022 to 2023.

Although the "Angle Act" Act "was packaged by some Democratic politicians as the" good recipe "to respond to inflation, in fact, the bill was just the" Reproduction of the Best Future Act "proposed by the Biden government in 2021. As high as $ 350 million. In July of this year, as the US inflation continued to be high and the midterm elections of Congress approached, the Democratic Party reached an internal compromise under pressure. After the bill was changed, it was re -raised on the agenda.

How practical impacts will this bill still have to be observed. Expert analysis believes that the bill cannot completely solve the current American inflation. However, for the Democratic Party, the significance of this bill may be due to the mid -term elections. When its support rate declines again and again, this bill has become one of the few "weights" of the Democratic Party.

Cover Journalist Yan Lei Intern Yang Chenhang

Some materials are based on Chinanews.com, Global Network, etc.

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