The "Four Disgusing" Act in the United States deceives themselves

Xinhua News Agency, Washington, August 17th (International Observation) The "Four Disgront" Act of the United States deceives themselves

Xinhua News Agency reporter Sun Dingxiong Maoling

U.S. President Biden signed the "Inflation Act" on the 16th, claiming that the bill involving medical security, clean energy, taxation, and other contents can alleviate inflation and reduce deficit.

However, American critics believe that this bill is only staring at the interests of short -term elections, and the actual effect of inflation is very limited. Moreover, the bill plans to add about $ 437 billion in investment, so that the move of continuing to "put water and sprinkle money" may further promote domestic inflation and bring greater risks to the world economic recovery.

Re -packaged as an election

Biden claimed at the signing ceremony that the "Angle Bound Act" "Act will bring progress and prosperity to the United States, and will reduce about $ 300 billion in federal deficits in the next ten years and create about $ 740 billion in fiscal revenue.

However, some American experts and media pointed out that the bill is called "cutting inflation", but it has nothing to do with response to inflation. Repackage.

At that time, the "Better Future Plan" was not only opposed by Republican members, but even the Democratic Party had key members of the Democratic Party because of concern that the government continued to "put water and sprinkle money" to worsen inflation. In late July this year, the Democratic Party reached an agreement, and the bill was re -packaged into the "Inflation Act" after "shrinking weight". The bill was passed in the two courts of Congress in early August.

American current political commentator Stephen Miller wrote on the website of Washington Observer, pointed out that the White House, Democrats, and some media "Playing Text Games" are tried to pack and publicize the "Activity Act". Democratic party election.

The main reason why the Democratic Party is not optimistic in November will be held in November. The main reason for the Democratic Party is that the Bayeng government should not have inflation. Since March of this year, the US Consumer Price Index (CPI) has maintained a year -on -year increase of more than 8%, and the public has been complaining about it.

The French "Echo" website pointed out that it was only three months before the midterm elections. The White House and the Democratic Party hoped to use the bill as a tool and political bet.

Difficult to achieve policy goals

Although Biden emphasized the positive role of the new bill on increasing fiscal revenue and reduced inflation, many American economists believe that the bill will not have a substantial impact on inflation. The budget model of the University of Pennsylvania Wharton Business School is estimated that the bill will reduce inflation by about 0.1 percentage points in the next few years, "this is almost no different from zero."

The focus of the new bill includes: the US federal government plans to invest about 369 billion U.S. dollars in response to climate change and clean energy fields; invest in the field of medical security about $ 64 billion; and levy 15%of the minimum taxes on some large enterprises. However, there are many skeptics of American public opinion that the billing goals of the bill in these fields are difficult to achieve.

In the field of clean energy, in order to fight for some members of the background of the interest group interest groups of the fossil fuel industry, the bill contains some measures that are conducive to the industry, such as allowing federal land and waters to minimize fossil fuels.

In the field of medical security, the federal government and pharmaceutical companies negotiating systems that aim to reduce the price of prescription drugs are accused of being too narrow and effective for the effective range. Federal Senator Sanders, Vermont, criticized that the bill gave the public in the field of medical security insufficient benefits and ignored most Americans who did not enjoy federal medical insurance.

In terms of corporate tax issues, some analysts have pointed out that increasing the minimum corporate tax is not only difficult to allow manufacturing to return to the United States, but also may pass the extra tax burden through higher prices and lower wages to consumers and workers. The US Fox News Network commented that this may be the largest wave of wealth transfer from middle class to enterprises and countries since the new crown epidemic has led to the bankruptcy of many small companies.

Continue to "put water" to harm the world

Regarding the current serious inflation problems in the United States, many economists have pointed out that this is the evil result of the common role of the US government's large -scale fiscal stimulus policy and super loose monetary policy.

Since March 2020, the Fed has launched a series of ultra -conventional quantitative loose monetary policy for the economic difficulties after the outbreak. At the same time, the U.S. government has launched a number of large -scale fiscal stimulus plans, including the former President Trump administration of approximately $ 2.3 trillion in expenditure bills, and the $ 1.9 trillion "US rescue plan" of the Bayeng government. The fiscal stimulus in the past two years has exceeded the financial crisis in 2008. These actions have laid foreshadowing for the current inflation of the United States.

Due to the hegemonic position occupied by the US dollar, the adverse consequences of the above -mentioned practices are not limited to its domestic. The global economy has felt the impact of the "big water release" in the United States, and many countries have also faced serious inflation problems. Not only that, after the Ukrainian crisis was upgraded, the United States also abused economic sanctions "big sticks", disrupted the global supply chain, and further exacerbated inflation pressure faced by the world economy.

In the face of its own and global inflation, the United States not only did not learn lessons, but continued to "put water and sprinkle money" in the "Inflation Act". The mainstream American media such as Cable Television News Network, Consumer News and Business Channel have referred to the bill as the "large -scale new expenditure bill".

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