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America is one step closer to Biden’s climate package

America is one step closer to Biden’s climate package

The last Democrat seems to have given up, so US President Joe Biden’s climate package could get a majority in the legislature, He writes for the New York Times.

Under pressure from Senator Kirsten Senema, a $14 billion tax increase affecting hedge fund managers and private equity funds was removed from the bill, the minimum corporate tax structure was changed at 15 percent, and several billion dollars were fought for Arizona. . In turn, he will support conscription, which will be supported by the other major internal opponent, Joe Mansion also gave his blessing.

Kirsten Cinema

Photo: Drew Angerer/Getty Images via AFP

In order for the law to pass, all Democratic representatives needed to vote, which is why the plan had to be changed, for example, it was renamed the Inflation Reduction Act. If they can keep the Democratic representatives together, the Republicans a The blockage, i.e. the blockage With their institution may still hinder their acceptance.

The law in front of the actors is a very watered-down version of the original plans, spending thousands of billions and radically breaking with fossil energy. However, it is better than nothing, according to preliminary calculations, this package could reduce US emissions by 40 percent by 2030.

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