The Inflation Reduction Act is an ambitious law with worthy goals to reduce deficits, fight inflation, help the IRS, and combat climate change. However, one year after its enactment, there are concerns about its overall fiscal impact, the additional complexity it introduces to the tax system, and the sustainability of its initiatives.
Will McBride, Vice President of Federal Tax Policy at the Tax Foundation, joins Kyle Hulehan to examine the Inflation Reduction Act one year later. They dive into the disconnect between political aspirations and the real-world consequences of executing intricate policies, the skyrocketing costs of green energy tax credits, and why, despite increased funding, the IRS is struggling to keep up.
Links:
https://taxfoundation.org/research/all/federal/inflation-reduction-act-taxes/
https://taxfoundation.org/taxedu/podcast/all/accounting-for-the-new-book-minimum-tax/
https://taxfoundation.org/blog/inflation-reduction-act-green-energy-tax-credits/
https://taxfoundation.org/research/all/federal/inflation-reduction-act/
Support the Show.
Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod
Support the show
Trump and Biden’s Tariff Tango
A Journey Through Germany’s Tax Laws
From Gallons to Miles: Rethinking Road Taxes
Taxocracy Tales with Scott Hodge
Survey Says Tax Confusion
Biden’s Budget Blueprint
Unpacking the Impact of TCJA, IRA, and CHIPS on the U.S. Economy
Launching Tax Foundation Europe
Costly Inputs: Unraveling Sales Tax's Impact on Businesses
Exploring the Impact of the 2024 Tax Relief Act
Tackling Financial Literacy with Jed Collins
Saving Americans’ Dwindling Savings
Economic Education Month and TaxEDU
Prohibition by Price
Interesting Interest Rates
The Wayfair Sales Tax Ruling, Five Years Later
A Bittersweet Broadcast
Tax Ideas for the EU Green Transition
The FairTax?
Create your
podcast in
minutes
It is Free
City Manager Unfiltered
Potencial Americano
The ASIC Podcast
The Chris Plante Show
Strict Scrutiny