The IRA and the CHIPS Act were pretty legit - granted, I think trump might've passed some version of the CHIPS act as well. Seems like a no-brainer, imo, but the one that did it gets the credit!
The IRA even addresses the corporate tax loopholes in a clever way. There's a minimum tax that they still have to pay even if their normal tax burden comes out to $0. I think it's like 15%.
What do you mean by IRA like I know Biden is of Irish descent and I would whole heartedly support an American backed IRA but I doubt thats what happened.
The Inflation Reduction Act- link to one page summary
The IRA and the CHIPS Act were pretty legit - granted, I think trump might've passed some version of the CHIPS act as well. Seems like a no-brainer, imo, but the one that did it gets the credit!
The IRA even addresses the corporate tax loopholes in a clever way. There's a minimum tax that they still have to pay even if their normal tax burden comes out to $0. I think it's like 15%.
What do you mean by IRA like I know Biden is of Irish descent and I would whole heartedly support an American backed IRA but I doubt thats what happened.
The Inflation Reduction Act- link to one page summary
Inflation reduction act
It's the "Inflation Reduction Act"
AKA The Build Back Better bill minus everything progressives and leftists fought for.
Huge win if you're a moderate or a liberal. Yet another slap in the face if you're slightly left of either.