In this week's episode, we're diving into one of the ways Democrats are paying for things in the new Inflation Reduction Act - Increasing taxation on large corporations. Businesses that make over $1 billion (Dr Evil voice) per year now face a 15% corporate minimum tax rate increase. This is one of the ways the Biden Administration is making good on a campaign promise, while also funding the billions in incentives for America to invest in green energy.
The question - is the corporate tax hike enough? Or, does it go too far in a time of such economic volatility? At the same time, how can we justify steps like these to help our economy, while also forgiving millions in student loans? Does it all even out? Or does it add volatility to an already-shaky economy? we discuss those details, and much more on this week's episode.
Let's get into it!
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Let's get into it!
Follow us!
Email us: TheCatchupCast@Gmail.com