Reply to Inflation Reduction Act of 2022

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[quote=Anonymous][quote=Anonymous]This doesn't reduce inflation and actually may cause more as corporations need recoup tax increases and the additional injection of government money. Do you think the American people believe it? They should have called this a green and Corp tax bill. He'll be sorry when inflation continues [/quote]

I don't you understand economics completely. It may not help A LOT, but it will not cause more.
"“It is perfectly reasonable to believe, as I do," Summers added, “that we should raise taxes to reduce demand to contain inflation and that the increases should be as progressive as possible.”

Indeed, raising corporate taxes would reduce corporate spending, lowering overall demand "and put downward pressure on prices,” said Michael Strain, an economist at the conservative American Enterprise Institute.

Still, Strain and other economists caution that it would take many months for any rate increase to have much impact, and even then, would not reduce inflation by much."

https://abcnews.go.com/Technology/wireStory/bezos-biden-spar-corporate-taxes-inflation-84759068[/quote]

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