House Votes on the Inflation Reduction Act

English - August 12, 2022 16:00 - 13 minutes - 9.49 MB - ★★★ - 1 rating
Government Business Non-Profit tax taxes tax policy economics macroeconomics finance public finance accounting government politics Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

The House of Representatives is set to pass the Inflation Reduction Act, the latest iteration of President Biden’s tax and climate agenda.

The road to get to this final package has been anything but easy--with congressional Democrats drastically scaling back the initial $3 trillion Build Back Better agenda.

Garrett Watson joins Jesse to discuss what sacrifices were made by key lawmakers to bring this bill to the finish line. They also look at what the economic impact of this proposal would be as the country continues to face historic rates of inflation.

Links:
https://taxfoundation.org/inflation-reduction-act/
https://taxfoundation.org/tax-on-stock-buybacks/
https://taxfoundation.org/inflation-reduction-act-accelerated-depreciation/
https://taxfoundation.org/inflation-reduction-act-corporate-taxes/
https://taxfoundation.org/book-minimum-tax-analysis/