Unanimous, the 50 Democratic senators approved an “anti-inflation” plan for reduction of health costs and massive encouragement to clean energies.
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This is the surprise of August. Less than a hundred days from the mid-term elections, the American Democrats have managed to overcome the divisions which have paralyzed them for eighteen months and to come together around an “anti-inflation” plan, which, if n ‘is not as ambitious as the program on which Joe Biden had been elected in 2020, will allow them to campaign in the fall on an unexpected result. A major success for the American president, jostled by an accumulation of setbacks and a jagged economy.
Adopted Sunday August 7 by the Senate, without the slightest republican voice, the so -called “inflation reduction” bill, lightened version of the vast Build Better plan (“reconstruct better”) of spring, blocked By party moderates, will allow Democrats to try to re -mobilize their base while the campaign for the November 8 election begins. A largely disenchanted base, badly understanding why their elected officials come to nothing while their party holds the White House, the majority in the House of Representatives and in the Senate (thanks to the voice of the vice-president).
Thanks to the adoption of inflation Reduction Act, the Democrats will be able to take advantage of “historic” advances, according to their leader in the Senate Chuck Schumer, corresponding to their electoral promises. The text provides for the drop in the price of medicines for the elderly, a claim acclaimed by the vast majority of Americans, ulcerated to have to pay up to ten times more than in Canada for similar prescriptions. From 2026, the Minister of Health will be authorized to negotiate directly with laboratories to lower the price of ten drugs, a saving quantified at $ 300 billion (around 294 billion euros) in ten years.
More equitable distribution of the tax
The bill also includes the most important investment ever made in the United States for the defense of the climate: 369 billion over ten years. The plan will accelerate the development of renewable energies, subsidize the purchase of electric cars, finance the energy transition for households and businesses. The United States should manage to reduce its emissions by 40 % before 2030.
The text also provides for a more equitable distribution of the tax. It brings to 15 % the tax rate for companies which achieve a profit of more than $ 1 billion and establishes a tax of 1 % on share buybacks, which allow companies to maintain the courses, for the benefit of shareholders. The expected revenues, evaluated at 300 billion, are supposed to finance the social and environmental measures of the plan while reducing the deficit.
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