Tax Policy Center

Inflation Reduction Act

Business Taxes: TaxVox

Private Equity Is A Business Subject To The New Book Minimum Tax. Treasury Should Say So.

When the Senate added a new corporate minimum tax to the Inflation Reduction Act (IRA), it almost added a clarification that private equity is a...
September 16, 2022Steven M. Rosenthal
Business Taxes: TaxVox

Industrial Policy Is Back. What Will It Mean For Taxes?

Industrial policy is trending. At a time when few policy ideas win bipartisan support, government subsidies for favored industries are feeling the love from Democrats...
September 13, 2022Howard Gleckman
Federal Budget and Economy: TaxVox

In The Context Of The Federal Budget, The Inflation Reduction Act Wasn’t Very Big

It’s always tempting to exaggerate the importance of the latest big fight in Congress. The Inflation Reduction Act of 2022 (IRA) made some major policy...
September 12, 2022C. Eugene SteuerleNikhita Airi
Individual Taxes: TaxVox

Cutting Through the Misinformation About The IRS’s Plan To Spend $80 Billion

Understanding how the Inflation Reduction Act (IRA) will affect the Internal Revenue Service’s operations requires wading through a swamp of misinformation, disinformation, and no information...
September 1, 2022Howard GleckmanJanet Holtzblatt
Campaigns, Proposals, and Reforms: TaxVox

Who Will Win The Battle Over Framing The Inflation Reduction Act?

President Biden and congressional Democrats won a big policy battle when Congress enacted the Inflation Reduction Act (IRA), despite unanimous Republican opposition. But who will...
August 23, 2022Howard Gleckman
Business Taxes: TaxVox

Rethinking Corporate Taxation Following Passage Of The Book Income Tax

The new minimum tax on the income that very large corporations report to their shareholders is the revenue centerpiece of the recently enacted Inflation Reduction...
August 18, 2022C. Eugene Steuerle
Business Taxes: TaxVox

The IRA’s Green Energy Tax Credits Lose Their Punch Because They Try To Do Too Much

The Inflation Reduction Act (IRA) just signed by President Biden includes more than $200 billion in energy-related tax subsidies over the next decade. It is,...
August 17, 2022Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

New Buyback Excise Tax Snares Foreign Investors

The Inflation Reduction Act (IRA) approved by Congress last week included a new 1 percent stock buyback excise tax on US publicly traded corporations. Many...
August 16, 2022Steven M. Rosenthal
Federal Budget and Economy: TaxVox

Ignore the Debate Over Whether the Inflation Reduction Act Raises Taxes on Those Making $400,000 Or Less

As Congress is about to pass the Inflation Reduction Act, Washington is once again having a breathless debate over very little. This one is about...
August 12, 2022Howard Gleckman
Federal Budget and Economy: TaxVox

The Inflation Reduction Act Primarily Impacts Top 1 Percent of Taxpayers

In a new analysis , the Tax Policy Center finds the tax provisions of the Inflation Reduction Act (IRA) are highly progressive. Taxes would rise...
August 11, 2022John Buhl