After months of contentious negotiations, House and Senate Democrats, Senate Majority Leader Chuck Schumer and West Virginia’s Senator Joe Manchin signed the bill last week after Biden signed a compromise agreement on the Build Better Back framework.
According to an estimate by Princeton University’s Zero Lab, the bill could reduce greenhouse gas emissions in the United States by about 6.3 billion tons by 2032. allocated by the bill 369 billion dollars, It represents the most important investment in US history to tackle climate change.
Significant blow to inflation from the USA
Before signing the bill, Biden said, “This bill is the biggest step ever on climate and will allow us to take bold additional steps to meet all the climate goals we set as we run.” said. “It involves enabling us to create clean energy opportunities in façade and fence communities that have been overwhelmed by population heritage, and to combat long-standing environmental injustice.”
With the entry into force of the law, ABD’li consumers, your $80,000 They can expect subsidies of up to $7,500 for electric SUVs, trucks and pickup trucks under $55,000 and cars under $55,000. The law has also been adjusted to provide benefits of up to $4,000 for purchasing a used EV. In both subsidies, an average from the american includes an income cap that will prevent those who earn more from benefiting. The law also calls for the creation of a $1.5 billion program to encourage companies to reduce their methane emissions.