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The law to reduce inflation from the USA!


Inflation has plagued the whole world. Interest rate hikes due to rising inflation ABD has now signed the inflation reduction law. Bidenwhich received the approval of Congress “Inflation Reduction law“what White in the palace approved by the signing ceremony.

In his speech at the ceremony, Biden said that the law is one of the most important laws in US history and said, “This law is the biggest step on climate ever made.” made its assessment.

The law to reduce inflation from the USA!

biden

The USA has been making changes in its monetary policies for a while due to increasing inflation. In this context, the country that increased interest rates has now taken a different step. The inflation reduction law came into effect. Noting that the law will allow the United States to take bold additional steps to combat climate change, Biden said that it will provide significant benefits to Americans struggling to receive health care.

Biden emphasized that the budget deficit will be reduced by more than 300 billion dollars in the next 10 years, and that the deficits will be reduced to combat inflation.

In the past, changes in the taxes that will come to the rich have also been on the agenda. Stating that the rich will pay their “fair share” of taxes, Biden said that large companies will now pay a minimum of 15 percent corporate tax.

With the said disinflation law, it is aimed to reduce greenhouse gas emissions and direct consumers to green energy, to reduce the costs of prescription drugs for the elderly, and to tighten tax practices for companies and the rich.

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