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Political Discussion
Reply to "Inflation Reduction Act of 2022"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]raising taxes during a recession?[/quote] The 15% corporate minimum tax only hits companies with profits of more than $1 billion per year, and operates as a business version of the AMT. Not sure the American people are going to have sympathy for them. [/quote] Simple, they pay more in taxes. They raise prices on the consumer to offset the higher tax burden. Consumer pays higher price at register screwing consumer. So they will simply pass this along and consumer will get hit with higher inflation. Does any one in this admin station actually take economics classes. Also, printing billion of dollars out of thin air tends to worsen inflation as well as it devalues the dollars in circulation. This bill does nothing to fix inflation. [/quote]
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