President Biden of the United States announced a large-scale spending bill that continues to be in conflict within the ruling party, which is half of the original plan, reduced to about 200 trillion yen in Japanese yen, and understands the enactment I asked for.
President Biden of the United States made a speech at the White House on the 28th, about the large-scale expenditure bill that was raised as one of the signage policies, half of the original plan, $ 1.75 trillion, about 200 trillion yen in Japanese yen We announced the outline of the reduction.
Specifically, it plans to include $ 555 billion in incentives to encourage the introduction of renewable energy as a measure against climate change, and $ 400 billion in support for child-rearing and early childhood education.
On the other hand, regarding financial resources, instead of refraining from raising the corporate tax rate, it will introduce a new tax system for large companies.
There has been fierce conflict within the ruling and Democratic parties over the bill, and President Biden has halved the budget in consideration of the centrists who insist on fiscal discipline, while his speech emphasizes climate change measures. The radical left wing also said, "It will create millions of jobs and turn the climate change crisis into an opportunity," and asked for understanding toward its establishment.
The background to President Biden's rush to make adjustments seems to be the aim of presenting a concrete implementation plan for the United States in front of the UN conference on climate change, COP26, which will be attended later.