United States: Joe Biden has promulgated his vast investment plan on climate and health – franceinfo

The “Inflation Reduction Act” includes an envelope of 370 billion dollars to fight against climate change, limits the prices of certain drugs, and provides for the adoption of a minimum tax rate for large companies. Article written by Published on 08/16/2022 23:43 Updated on 08/16/2022 23:44 Reading time: 1 min. A historic law. The President of the United States signed into law his recently adopted investment plan of more than 430 billion dollars, covering both climate and health, on Tuesday 16 August. “A country can be transformed. This is what is happening today”, rejoiced Joe Biden in a speech before the signing of the text, called “Inflation Reduction Act” and definitively adopted by Congress on Friday August 12. “This is about the future (…) to bring progress and prosperity to American families,” the leader continued to sing about the largest investment ever made in the United States against climate change, with an envelope of 370 billion dollars. The law also limits the price of certain drugs, and provides for the adoption of a minimum tax rate of 15% on companies whose profits exceed the billion dollars. “This is to show America and to the American people that democracy still works in the United States”, finally applauded Joe Biden. Less than three months before the mid-term legislative elections, this plan represents an important victory for the Democratic camp, obtained after difficult negotiations with the right wing of the party. Share: Share on Twitter Share on Facebook Share by email Share link