A bipartisan group of the ruling and opposition parties has agreed on a revised plan to reduce the total amount of Japanese yen to 110 trillion yen, which was proposed by US President Joe Biden in March. Finally, the bill deliberation for the vote has begun.

This large-scale infrastructure investment plan includes the development of roads, bridges, electricity, telecommunications, etc., as well as the expansion of charging equipment for electric vehicles, with the aim of creating new jobs at the expense of the government. ..



At the stage when President Biden proposed this in March, the plan was a total of 240 trillion yen, but talks were difficult due to opposition from the opposition and Republican Party, which emphasize fiscal discipline.



As a result of adjustments by a bipartisan group in the Senate, the amendment, which was reduced to a total of 110 trillion yen on the 28th, was finalized, and some Republican lawmakers also supported it, so the bill for the vote is finally passed. The deliberation has begun.



The ruling and Democratic parties are aiming to pass the bill by early next month, before Congress enters the summer recess.



However, there are opinions from within the Democratic Party that larger-scale economic measures, including support for childcare and education, should also be enacted, and further twists and turns are expected in the deliberations.