US President Joe Biden signed the law into law. Inflation Reduction Act, a package that guarantees historic investment in the country’s climate agenda against the advance of inflation. “This law is not about the present, it’s about the future, it’s about showing that democracy works,” he said in a speech on Tuesday afternoon.
After more than a year of debate in Congress with a stalemate among Democratic senators, the endorsement is considered a victory for the party.
Even more modest than a trillionaire Build BetterThe current measure, a fiscal package strongly championed by Biden, has been widely celebrated by different sectors.
More than $700 billion in revenue is expected to be collected over the next decade, with measures such as a minimum corporate fee of 15% and a 1% share repurchase fee for large companies. The country’s deficit should also be reduced by 300 billion USD during this period.
The prominent issue on the climate agenda is the USD 369 billion allocated to energy security and the fight against climate change. “This is the most aggressive action ever taken against the climate crisis,” Biden said in his speech. Said.
The president said the package will allow for greater strides towards the country’s climate goals.
Biden stressed in his speech that no Republican voted in favor of approving this measure.
About health careIn the federal health insurance program, the president stressed that a cap on drug prices would be introduced. “No matter how many prescriptions you have, no one will pay more than $2,000 a month for medication.”
source: Noticias
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