Biden plans to sign the "Angle Activity Act", is it used?

According to the Washington Post, US President Biden plans to sign the 2022 inflation reduction bill on August 16. The bill costs a total of about 430 billion US dollars, involving climate change, medical insurance, tax reform, etc.

Earlier, in the Senate voting of the US Congress, the Democratic Party was involved in the danger of the danger with the results of 51 votes in favor of 51 votes and 50 votes with the key votes of Harris.

Since 2022, the high -inflation clouds have always been shrouded in the US economy, and have repeatedly set a new high for more than 40 years. The "Angle Act" Act is called "one of the most important legislations in the past ten years" by some American politicians. Republicans who are opposed to the opposition believe that the bill is called the reduction of the inflation bill, but it "does not play any role" in actual reduction of inflation. Some analysts pointed out that from the analysis of its specific content and the process of promulgation, the bill that was named "inflation reduction" could be "named and deputy", and I am afraid to get a question mark.

The picture shows the people buy food in the Farmers Market of the United Plaza of New York (have nothing to do with graphic). China News Agency reporter Liao Pan Photo

"Old Wine" is installed in the "new bottle"

According to a comprehensive US media report, the "Angle Act" Act is 755 pages. From the perspective of specific content, the bill will increase the total government expenditure of 430 billion US dollars, while creating a fiscal revenue of nearly $ 740 billion. In government expenditure, a record of US $ 369 billion is used to cope with climate change. The goal is to reduce carbon emissions by 40%by 2030; $ 64 billion to reduce the price of prescription drugs.

The analysis pointed out that the main purpose of the Bayeng government's launch of the "Inflation Act" can be summarized as "one liter, one drop and one increase", that is, to reduce the federal government's fiscal deficit through the "promotion" tax; The impact on some people; encourage the development of new energy and new energy vehicles through "increase" subsidies to cope with the inflation problems caused by high oil prices. Most leader of the United States Senate and Democratic Senator Chake Schu Mo pointed out that "the introduction of economic legislation on climate change and improving people's livelihood is a cause of the Bayeng government that has been promoting but difficult."

Vehicles pass through a gas station in San Matio County, California. Data chart (not related to graphics)

According to the Overseas Edition of the People's Daily, although the "Act Act" Act "was packaged by some Democratic politicians as the" good recipe "that responded to inflation at the moment, in fact, the bill was just a" new bottle of old wine ", which was proposed by the Bayeng government in 2021. The "Reconstruction of the Better Future Act" "shrinking version".

Highlighting political polarization

Comprehensive Reuters and other foreign media reported that when the "Angle Act" was voted by the Senate, the agenda took nearly 27 hours, which can be described as a "marathon". With the 50 seats of the Democratic and Republican parties, the Democratic Party Vice President Harris, who concurrently served as the Senate Speaker, received a key vote, broke the deadlock of 50 to 50, and eventually promoted the bill. When the House of Representatives voted, in the case of 220 and 210 seats in the Democratic and Republican seats, the bill was also passed with a smaller advantage of more than ten votes.

"From the perspective of the voting results, the" Angle Act of Inflation "highlights the serious political polarization phenomenon of the United States. In this political atmosphere, the Democratic Party's bill was rarely supported by cross -party factions. This means that in the Senate voting, the Democratic Party must win the support of each member, otherwise the bill will "abortion". For some Democratic Molles of Democratic Party who opposed opinions, the bill made a separate compromise.

"Overall, the" Angle Act "Act is the product of the Bayeng government that is continuously blended, balanced, and compromised in the Washington political jungle." Diao Daming, a researcher at the National Development and Strategic Research Institute of Renmin University of China and Secretary -General of the US Research Center, pointed out pointed out. "The" inflation reduction "of the bill was renamed 'Yingjing', and it also made great adjustments on clean energy, climate change, and tax issues, such as reducing clean energy funds and emission reduction projects, extended emission reduction planning timetables, etc. Ensure the support of gentle factions in the Democratic Party, and give it to voters who are dissatisfied with inflation. "

Real effects are doubtful

After the Senate's "thrilling pass", Biden posted on social media that the bill would reduce prescription drugs, medical insurance and energy prices, which is "the victory of the American people and the loss of the privilege." As the main promoter of the bill, Shu Mo also praised: "The bill will become a 'turning point'."

A restaurant in Manhattan, New York, USA, customers are dining (not related to graphics).

However, how practical impacts this bill will have, it still needs to be observed. Expert analysis believes that the bill does not completely solve the current American inflation, and it is more like the "publicity slogan" launched by the Democratic Party to respond to the support rate of the midterm elections.

Diao Daming pointed out that when the midterm elections approached, the Bayeng government launched the "Angle Bonus Act" with certain political considerations. The Democratic Party tries to give feedback on the inflation problem that voters care most about to reduce criticism and pressure from the Republican Party. However, this so -called "Angle Bonus Act" has certain deception and confusion. For example: tax increase measures in the bill can increase the federal government's fiscal revenue, but it cannot directly promote the inflow of funds into the real economy, stimulate the production of consumer goods, and effectively alleviate the urgent high inflation problem in the United States. Even if tax leverage can shape some market behaviors, it will be a long -term process. Zhang Manan, deputy minister and researcher of the China International Economic Exchange Center, analyzed in an interview with reporters that the US midterm elections are approaching, and the Democratic Party does not have an advantage in the support rate. The Biden government pushed a series of bills to try to add points to the election. However, once the Democratic Party defeats in the midterm election, Biden may become a "lame president", and its administration will be greatly constrained. Whether the "Angle Act" can be actually implemented and how long it can be implemented is unknown at present.

It is worth noting that the "Inflation Act" also stipulates the car supply chain: after 2023, cars using Chinese battery components will not be subsidized, and some key minerals from China will also face procurement restrictions. The alternative is to gradually adopt battery components from North America.

The organization "Auto Innovation Alliance" representing the main automakers' organizations recently warned that according to the bill, only cars assembled in North America are eligible to obtain the discount. Once the bill takes effect, most of the existing electric vehicle models will not be able to get $ 7,500 Tax credits. This provision will endanger the target of 40%to 50%of electric vehicle sales in 2030 in 2030.

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