It’s a new year. And if one thing is certain, it’s that businesses are facing a lot of uncertainty.
Key parts of the Inflation Reduction Act of 2022 are kicking into effect, including the new book minimum tax.
Erica York, senior economist at the Tax Foundation, joins Jesse to discuss why this policy came into the fold. They discuss if this tax will really stop companies from paying zero in taxes, as the president claims, if the new Republican House will revisit this debate, and what the tax's impact will be on jobs and economic growth.
Links:
https://taxfoundation.org/book-minimum-tax-analysis/
https://twitter.com/ericadyork/status/1610328115393216512
https://taxfoundation.org/federal-tax-lame-duck-2022-midterms/
https://taxfoundation.org/warren-corporate-book-tax/
https://taxfoundation.org/companies-paying-no-income-taxes/
https://open.spotify.com/episode/2b6jGfzvyEbFYicob0YuHn?si=ae929bfae71042bb
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