
The US Senate approved a bill providing for more than $ 400 billion investments aimed at combating climate change, reducing inflation and increasing the availability of healthcare.
The adoption of the bill was preceded by 27 hours of debate, and the final vote shared the senators equally-50 to 50. The vice-president of Kamaly Harris was decisive. Democrats call this result a significant victory of US President Joe Bayden, who in this way will be able to realize their election promises.
“Behind more than a year of hard work, and today the Senate creates history. I am sure that the law on reducing inflation will remain in history as one of the most important legislative successes of the 21st century, ” said the leader of the Democrats in the Senate Chuck Shumer.
Now the bill, numbering 750 pages, will go to the House of Representatives, where the democratic majority expects to approve it until the end of the week. “This required many compromises. Making important decisions almost always requires compromises. The House of Representatives should accept it as soon as possible, and I look forward to its signing as a law, ” said Bayden.
Investments in more than $ 400 billion are the largest investment in the fight against climate change ever made by the federal government of the United States. Money will be allocated within 10 years, they will be sent, in particular, to tax benefits designed to push consumers to the transition to electric cars and renewable energy sources.
“This bill will put the beginning of the era of affordable pure energy in America. He will change the rules of the game. This is a turning point that has been brewing for a long time, ”quotes Chuck Schumer“ BBC ”.
According to experts, additional investments will allow the United States to reduce greenhouse gas emissions by 40% by 2030. This is a little less than the Biden administration expected - by the end of the decade it was planned to reduce the volume of emissions half, writes The New York Times. Biden was counting on completely carbon emissions by 2035, and by 2050 zero emissions.
Another key part of the bill is an increase in the availability of healthcare, which was also part of the President Biden's election program. According to the document, in the framework of the National Medicare medical insurance program, negotiations with drug producers to reduce the price of prescription drugs will be held. Initially, this will affect only 10 items, but later the list will be expanded.
In addition, the law will limit the waste of personal funds of the elderly for the purchase of drugs and provide them with access to free vaccines. Tax deductions are also provided in case the increase in prices for medications will exceed the inflation rate. The validity of subsidies in the field of medical insurance is extended.
The bill includes another election promise of Biden - an increase in taxes for the richest corporations of the country. It introduces a minimum corporate tax at a rate of 15% for companies with an income of more than one billion dollars. In addition, a tax ransom tax in the amount of 1% of the amount of the operation will be introduced.