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Americans don't expect Inflation Reduction Act to actually reduce inflation, poll finds

Summary by Ground News
The U.S. is about to spend US$490 billion over 10 years on reducing greenhouse gas emissions, improving health care and reducing the federal deficit. The biggest source of revenue, projected by the Joint Committee on Taxation at about $222 billion, comes from a new 15% minimum corporate tax rate. Another $124 billion is expected as a result of stepped-up tax enforcement by the Internal Revenue Service.
2 months ago

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The Center SquareThe Center Square

Americans don't expect Inflation Reduction Act to actually reduce inflation, poll finds

(The Center Square) – The majority of registered voters don’t expect the Inflation Reduction Act to actually reduce inflation, according to a new poll.

2 months ago·United States
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Americans don't expect Inflation Reduction Act to actually reduce inflation, poll finds - The Southern Maryland Chronicle

(The Center Square) – The majority of registered voters don’t expect the Inflation Reduction Act to actually reduce inflation, according to a new poll.A Morning Consult/Politico survey reports that only 24% of those surveyed expect the $740 billion climate, tax, and health care bill to reduce inflation while 34% said it will make inflation worse.Biden signed the legislation Monday, which includes tens of billions of dollars in renewable energy i…

2 months ago
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Brooklyn Daily EagleBrooklyn Daily Eagle

Will the Inflation Reduction Act actually reduce inflation? How will the corporate minimum tax work? An economist has answers

The U.S. is about to spend US$490 billion over 10 years on reducing greenhouse gas emissions, improving health care and reducing the federal deficit. Where’s all that money coming from? Nirupama Rao, a Univeristy of Michigan economist, examine how the new law will raise enough revenue to pay for clean energy tax credits, Affordable Care Act […]The post Will the Inflation Reduction Act actually reduce inflation? How will the corporate minimum tax…

2 months ago
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