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Climate: The US Senate adopts Joe Biden’s big plan – 20 Minutes

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This Sunday, the US Senate approved Joe Biden’s big plan on climate and health, and thus offers a stage victory to the president, less than 100 days from crucial elections and after 18 months of negotiations and a night marathon of debates. “I think it will be adopted”, had declared, confident, the Democratic president to journalists about this investment plan of more than 430 billion dollars earlier in the day. The bill will then return to the Democratic-majority House of Representatives on Friday for a final vote, before being signed into law by Joe Biden. of the Democratic Party, this envelope includes the largest investment ever committed in the United States for the climate, 370 billion dollars to reduce greenhouse gas emissions by 40% by 2030. With this reform, an American would receive up $7,500 in tax credits for the purchase of an electric car. The installation of solar panels on its roof would be covered at 30%. This envelope must also make it possible to strengthen the resilience of forests in the face of the monster fires which are ravaging the American West and whose multiplication has been directly attributed to global warming. Several billion dollars in tax credits will also be offered to the industries more polluting in order to assist them in their energy transition, a measure strongly criticized by the left wing of the party, which had to line up behind this text, failing to reach a more ambitious agreement after long months of negotiations. A senator plays spoilsportComing to power with immense reform ambitions, Joe Biden saw them be buried, resurrected, then buried again by a very moderate senator from his camp, Joe Manchin. In view of the very thin Democratic majority in the Senate, the elected representative of West Virginia has virtually a right of veto on his projects. At the end of July, the leader of the Democrats in the Senate Chuck Schumer finally succeeded in wresting a compromise from Joe Manchin, known for its coal mines. On Saturday, the senators finally began to debate the text in the hemicycle. In the evening, the elected officials entered a marathon procedure called “vote-a-rama”, during which they can propose dozens of amendments and require a vote on each. The opportunity for the Republican opposition, which considers the Biden plan too expensive and the Democratic left wing, which would like it more ambitious, to present their grievances. Large investments in the field of healthInfluential left senator Bernie Sanders has proposed during the night several amendments supposed to strengthen the social aspect of the text, which in recent months has been considerably trimmed. the price of certain drugs, which can be up to ten times more expensive than in other rich countries. But progressives had to abandon their ambitions of free public kindergartens and universities and better care for the elderly. they deserve, criticized Bernie Sanders from the hemicycle. This bill does nothing to solve that problem.” But the Democratic camp, anxious to implement this plan before the perilous legislative elections in November, united and rejected any modification of the text. A tax component In parallel with these massive investments, the bill aims to reduce the public deficit with a new minimum tax of 15% for all companies whose profits exceed $1 billion. It aims to prevent certain large corporations from using the tax loopholes that have so far allowed them to pay much less than the theoretical rate. According to estimates, this measure could generate more than 258 billion dollars in revenue for the US federal state. over the next 10 years.

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