Rumination #3 IRA Inflation Reduction Act 15 percent tax

1 year ago
2

I discuss the 15% minimum corporate tax rate that the so-called 'Inflation Reduction Act' imposes on corporations that make $1 Billion dollars or more in profits. Specifically I focus on how this not only will reduce, not increase tax revenues, but how it reduces politician's power over corporations since they just capped their ability to modify corporate behavior.

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