The Inflation Reduction Act should primarily assist African American families.
It includes strengthening critical provisions of the Affordable Care Act, providing Medicare with authority to negotiate certain prescription drug costs, and administration officials anticipate it will create jobs with family-sustaining wages.Biden said new taxes would pay for the bill, including a 15% minimum tax on large corporations and a 1% tax on stock buyback.
“We have crossed a major threshold, and it’s going to have significant impacts on international climate action,” said Gore, long a crusader of environmental justice and a Nobel Prize winner for climate activism.According to a study published by the Federal Reserve Bank of MinneapolisResearchers concluded that if prices paid by white households increase by 7 percent over a year, calculations suggest that one may expect them to increase by 7.5 percent for Black families.
With gas, food, and other prices rising, the authors concluded that necessities such as groceries, electricity, and wireless phone service make up a larger share of Black families’ budgets. “Black families, especially those without an employed college graduate, are affected the most by inflation compared with all the other demographics,” said Ellie Walters, the CEO of Findpeoplefaster.com.
“A large number of Black families live paycheck to paycheck and cannot easily escape the constantly increasing wealth gap between them and the other demographics, especially the white,” Walters remarked.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
President Biden signs Inflation Reduction Act to limit climate change | EngadgetPresident Biden signs Inflation Reduction Act to limit climate change
Consulte Mais informação »
Why Joe Biden Should Not Run in 2024Yes, his age is part of it. But the answer is deeper than that.
Consulte Mais informação »
Joe Biden to Sign Massive Legislation on Climate Change and Health CarePresident Biden will sign Democrats’ landmark climate change and health care bill on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda, as he aims to boost his party’s standing with voters before midterm elections.
Consulte Mais informação »
New climate law is ‘biggest thing to happen to the U.S. on climate policy’: scientistPresident Joe Biden on Tuesday signed a climate law that includes $375 billion in incentives to produce clean energy, as part of an overall budget bill.
Consulte Mais informação »
What's in big Biden bill? Health, climate goals become lawPresident Joe Biden arrived at the White House promising to “build back” America, and on Tuesday he's signing into law legislation with a slimmer version of that idea.
Consulte Mais informação »