U.S. President Biden signed the "Angle Act of Inflation"

Xinhua News Agency, Washington, August 16th (Reporter Xiong Maoling) U.S. President Biden signed the "Inflation Act" at the White House on the 16th. The bill includes investment in about 430 billion U.S. dollars in the next ten years for climate and clean energy and medical care fields.

According to the bill, the federal government will invest about 370 billion US dollars in the climate and clean energy field; invest in the field of medical care about $ 64 billion to reduce the price of prescription drugs and strengthen medical security. The bill includes levy 15%of the minimum tax on some large enterprises, and is committed to creating nearly $ 740 billion in fiscal revenue in the next ten years.

The Democratic Party quoted the analysis of the Congress tax and budget office that the bill would reduce the federal deficit more than $ 300 billion.

Earlier this month, the Senate and House of Representatives passed the bill. During the voting of the two hospitals, the positions of the two parties were severely divided. Democratic members unanimously agreed that Republican lawmakers were unattended to support votes.

Although the Democratic Party claims that the bill can alleviate inflation and reduce deficit, critics believe that the substantial effect of inhibit inflation is not significant.

American inflation has accelerated since more than a year. Since March this year, the consumer price index (CPI) has increased by more than 8%year -on -year. According to data released by the US Department of Labor on the 10th, CPI rose 8.5%year -on -year. In this context, the purchasing power of the United States is restricted.

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