The US Senate has approved a sweeping package that supporters say will slash climate heating carbon emissions, lower drug prices for the elderly, and demand higher taxes from corporations and the wealthy
As the measure pays for itself and reduces the federal deficit over time, Democrats argue that it will help bring down inflation, an economic liability that could hamper their efforts to retain legislative control in the run-up to the 2024 presidential election.Republicans, all of whom opposed the bill, argue it will not address inflation, slamming the measure as a job-killing, left-wing spending wish list.
There will be hundreds of billions of dollars in tax credits for consumers and corporations making the transition to green energy. The Democrats pushed the measures through as part of a wider Inflation Reduction Act, reducing medical costs and increasing tax on big business
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. Senate passes landmark $430bn climate change, tax and drug pricing bill to lower global warming emissionsDemocrats say the Inflation Reduction Act will tackle climate change and high drug costs for the elderly. Republicans submitted more the two dozen amendments in an attempt to derail the bill, which they argue would fail to tackle inflation.
Lire la suite »
Climate change: Tears of joy as US bill clears Senate hurdleThe plans - which aim to reduce US carbon emissions by 40% by 2030 - still needs House approval.
Lire la suite »
US Senate passes Joe Biden’s flagship economic package\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Lire la suite »
US oil producers defy calls to open taps and tame war-driven energy prices\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Lire la suite »
US oil producers defy calls to open taps and tame war-driven energy prices\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Lire la suite »