US President Joe Biden won a major Democratic victory less than three months before a crucial legislative election by approving his sweeping climate and health investment plan, which he signed on Tuesday.
The law, which includes the largest investment made by the United States in the fight against climate change, provides financial incentives to push the US economy towards renewable energy. It also caps the price of certain medicines and imposes a minimal tax on large corporations.
“The country can change, and that’s what’s happening today,” Biden said in a White House campaign speech before signing a text called the “Cut Inflation Act.”
He added that “it’s about the future, and it’s about making progress and prosperity for American families,” stressing that “it’s also about proving to America and the American people that democracy still works in the United States.” . Joe Biden initially hoped for a bigger investment plan, but the very fact that he managed to get through this reform marks an almost political resurgence of the Democrats ahead of the November midterm elections, which the ruling camp has traditionally lost. After tense negotiations with the right wing of the Democratic Party, $370 billion is planned to be allocated to reduce greenhouse gas emissions by 40 percent by 2030. , will be able to negotiate prices for some medicines directly with pharmaceutical companies, thus obtaining more competitive prices.
“I know there are people today who have a dark and desperate view of our country, but I am not one of them,” Biden said Tuesday.
