Without one intransigent Democratic senator and a significant political misjudgment by the Biden administration, we would have had an even more consequential package in the Inflation Reduction Act.
Tag: Corporate Taxes
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Why the 1 Percent Buyback Tax Doesn’t Scare Investors
Democrats hope the tax will encourage companies to spend more on workers and operations, but strategists think it’s unlikely to deter corporations from repurchasing their stock.
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House Delivers Biden Victory, and a Bet on America’s Future
Congress gave final approval to the Inflation Reduction Act, which will lower the cost of prescription drugs, extend health care subsidies and invest billions into climate and energy programs.
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How Private Equity Lobbying Watered Down the Corporate Minimum Tax
The new corporate minimum tax is not law yet and is already rife with exceptions for the businesses that might have to pay it.