The US Congress has approved a package of 430 billion dollars to reduce inflation

The US Congress has approved a package of 430 billion dollars to reduce inflation

The House of Representatives of the US Congress has approved a package of initiatives aimed at reducing inflation, which includes the allocation of $430 billion by the authorities.

“Report” informs that the Senate approved this package last week. Currently, the document will be submitted to US President Joseph Biden for signing.

The 755-page bill includes a number of measures, including reducing the federal budget deficit, reducing public health spending and combating climate change.

In addition, there are plans to raise taxes on large corporations, which should provide some of the funds needed for the proposed programs. The US authorities expect that all these measures will reduce inflation in the country in the future. The ruling Democratic Party supports these steps.

It should be noted that the congressmen interrupted their summer vacation to vote on this package of initiatives.

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