Biden signed inflation reduction bills US media: The salary class was sold to bear high inflation and squeezed tens of billions of taxes

Data Map: American construction workers work on highway projects.

Overseas Network, August 17th. On the 16th local time, US President Biden signed the "2022 Inflation Act", marking the formal effect of the bill. The US media "News Weekly" website pointed out on the 16th that the bill was apparent to reducing inflation, developing economy, and response to climate change, but in fact, it sold the American working class. After the implementation of the bill, the working class must be able to enjoy the subsidies prescribed by the bill while continuing to bear high inflation, and it must bear more than $ 20 billion in tax burden.

The article first stated that experts almost agreed that the bill had no effect on cutting inflation. The Parliament Budget Office (CBO) found that the bill was "influencing" in 2022, and by 2023, "inflation may be reduced by about 0.1%." This alone "slapped a slap" to the working class. Economists have long noticed that inflation burden is the heaviest for the working class, the poor, and retirees with fixed income. Reduce inflation.

At the same time, most of the content contained in the bill is actually nothing to do with the working class. For example, the bill dials huge funds to expand subsidies to electric vehicles, but the poor in the United States usually do not buy electric vehicles. The biggest beneficiaries in the relevant regulations can only be American corporate giants and wealthy American people living in rich areas of coastal areas.

Nevertheless, the heavy blow to the working class comes from the provisions of the bill increase. Although the increase in tax increases is aimed at enterprises, some studies say that up to 70%of the tax increase will eventually bear the working group. The CBO also estimates that the taxation group with income less than $ 400,000 after the implementation of the bill will bear an additional tax burden of $ 20 billion per year. (Overseas Network Hou Xingchuan)

- END -