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U.S. advocates have expressed concern about the negative impact of the inflation bill on energy prices

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Washington (Sputnik)-The US Expeditionary Production Council (AXPC) is very concerned about the potential negative impact of the inflation-cutting bill on energy prices, AXPC CEO Ann Bradbury said Thursday.

“We’re still digesting more than 700 pages of legislative text, but the bill could negatively impact energy prices and US competitiveness, especially in the midst of the global energy crisis and record high inflation. I’m very concerned about that, “Bradbury said. statement.

U.S. Senator Joe Manchin and Majority Leader Chuck Schumer have reached an agreement to support a bill to address historic inflation levels in the United States by paying off government bonds and addressing rising consumer costs. Said.

Front Door US Department of Commerce Building-Sputnik International, 1920, 28.07.2022

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In addition to providing approximately $ 369 billion to fund energy security and climate change and $ 64 billion to reform the health insurance system, the law is in the red, according to a summary released by two lawmakers. We promise $ 300 billion for reductions.

The law aims to combat inflation by reducing national debt, reducing energy and health care costs, reducing health insurance premiums, and reducing carbon emissions by 40% by 2030. ..

The bill will generate an estimated $ 739 billion in revenue by imposing a minimum corporate tax of 15%, strengthening prescription drug price reforms, strengthening IRS tax enforcement, and addressing loopholes in carry-over profits, the summary adds. I did.

In summary, the bill will be included in a budget adjustment package that the Democratic Party will submit to the Senate next week.



https://sputniknews.com/20220728/us-advocacy-group-says-concerned-about-inflation-bills-negative-impact-on-energy-prices-1097900389.html U.S. advocates have expressed concern about the negative impact of the inflation bill on energy prices

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