News analysis: It is difficult to solve the high inflation of the new Act in the United States

Xinhua News Agency, Washington, August 16th News Analysis: The United States New Act is difficult to solve high inflation

Xinhua News Agency reporter Xiong Maoling

U.S. President Biden signed the Angle Act of Inflation on the 16th. The bill involves taxation, medical care, climate, etc. Although it is named for anti -inflation, the actual role has been questioned by multiple parties. Analysts believe that the issuance of the bill is the Democratic Party's move for the midterm elections, and it is difficult to truly alleviate the current high inflation difficulties in the United States.

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 also includes increased taxes on some large enterprises, and is committed to creating nearly $ 740 billion in fiscal revenue in the next ten years. Democrats say the bill will reduce the federal deficit more than $ 300 billion.

However, there are two types of views in the United States for alleviating inflation in the United States. There are two main views.

One type of view is that the bill may relieve inflation to a certain extent, but the short -term effect is far less than expected. Democratic Party veterans and Federal Senator Sanders believes that the bill has insufficient efforts to alleviate the pressure of working households in time, such as solving the "sky -high medicine" problem. Although the bill gives federal medical insurance institutions with pharmaceutical companies to directly discuss the prices of prescription prices, it will not take effect until 2026, and only 10 drugs are involved at the beginning.

Another category is that some of the bills may have a reaction to further boosting inflation. Fox News recently reported that more than 200 economists jointly wrote to Congress that the government expenditure plan will bring inflation pressure through pulling demand. Anestly inflation.

The Senate Republican leader McConal said the bill means higher taxes and more expensive energy bills. Kevin McCarthy, the Republican leader of the House of Representatives, believes that it cannot get rid of the inflation crisis through taxation and increased fiscal expenditure.

Since March this year, the US 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. The continued intensification of inflation has made the American people feel that their wallets are tighter.

The results of the joint polls released by the Broadcasting Corporation and the Yippso Group recently showed that more than two -thirds Americans believe that the US economy is deteriorating, the highest proportion since 2008; inflation is the most concerned economic issue for the United States to pay attention to First, the Americans's judgment of Biden's government economic policy was "overwhelming".

Analysts believe that less than three months left in the mid -term elections. The Bayeng government faces the criticism of the domestic circles to misjudge the inflation situation and cope with slow response, and Biden's support rate is hovering at a low position. In the case of limited policy tools of the White House, the Democratic Party hopes to boost the confidence of voters by issuing the bill, but the effect is unpredictable.

[Editor in charge: Xu Haizhi]

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