38 min listen
The Inflation Reduction Act, What to Know
FromThe Deduction
ratings:
Length:
19 minutes
Released:
Aug 2, 2022
Format:
Podcast episode
Description
After months of stalled negotiations, Sen. Joe Manchin (D-WV) announced that he has reached a deal with Senate Democrat leadership on a reconciliation package.Called the Inflation Reduction Act, the legislation would raise taxes on corporations and top earners with the goal of funding a number of programs to reduce carbon emissions, address prescription drug costs, and spur the economy.Garrett Watson joins Jesse Solis to talk through what these tax changes would mean for the economy: Will they reduce inflation, and do they break the President's pledge not to raise taxes on those earning less than $400,000?Links:https://taxfoundation.org/biden-corporate-minimum-book-tax/https://taxfoundation.org/prescription-drug-pricing-reform/https://taxfoundation.org/tax-gap/https://taxfoundation.org/tax-reform-options/?option=28Support the show
Released:
Aug 2, 2022
Format:
Podcast episode
Titles in the series (62)
Joe Biden’s Tax Plan Explained by The Deduction