President Biden of the United States signed a bill that invested a total of 430 billion dollars, or nearly 60 trillion yen in Japanese yen, for climate change measures, etc., and the law was enacted.

As President Biden, he stresses that one of his signature policies has come true, and he wants to build momentum for the fall midterm elections.

President Biden signed at the White House on the 16th and was established by spending more than 430 billion dollars, or nearly 60 trillion yen in Japanese yen, on promoting renewable energy for climate change countermeasures. It is a law that incorporates things such as strengthening taxation on large companies.



This law also includes a reduction in the price of prescription drugs, etc., and the Biden administration has named it the `` Inflation Control Law '' as it will lead to a reduction in energy prices and a reduction in the burden of medical expenses on the nation. It claims to be effective against inflation.



Initially, the Biden administration aimed to enact a bill worth 200 trillion yen in Japanese yen, including educational support, but due to conflicts within the ruling party and the Democratic Party, etc., the scale was significantly reduced. It is a form that led to the establishment of the party by obtaining an agreement within the party.

In the United States, there was a mid-term election in November this year, which can be said to be a referee for President Biden's administration, and President Biden said, ``The Democratic Party stood on the side of the people, and every Republican party stood on the side of interest groups.'' I would like to emphasize the significance of the realization of one of the flagship policies and use it as momentum for the election.