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Home science

Biden’s climate and health plan goes to vote

Ursula Curtis by Ursula Curtis
August 12, 2022
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Biden’s climate and health plan goes to vote
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The US Senate passed the plan last week, without GOP support and less than 100 days before the midterm elections, after overcoming the resistance of Democratic Senators Joe Manchin and Kirsten Senema.

As a result of tough concessions with the right wing of the Democratic Party, this package anticipates the largest investment ever made by the United States in the climate – $370 billion (€363 billion) – to reduce greenhouse gas emissions. by 40% by 2030.

With this fix, every US citizen will get up to $7,500 (€7,366) in tax credits for the purchase of an electric vehicle. The former presidential candidate asserted that the installation of solar panels on the roofs of homes will be paid by the federal state in 30 problems.

The bill also aims to reduce the public deficit with a new minimum tax of 15% for all companies whose profits exceed one billion dollars (982 million euros), which aims to prevent some large companies from using the tax loopholes they have so far allowed them to pay. Much lower than they would need a tax rate in theory.

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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