Forbes: “This legislation furthers the Biden-Harris Administration’s goal of supporting Americans and small businesses from the ground up by lowering healthcare costs for millions, reducing the deficit, investing in domestic energy production and manufacturing, and addressing longstanding tax disparities that benefit the wealthiest corporations.”
Breitbart: “The latest iteration of the Senate Democrats’ reconciliation bill, known as the “Inflation Reduction Act,” would raise taxes on thousands of small and mid-sized businesses across the country, according to Americans for Tax Reform (ATR).Senate Democrats changed the language of their new minimum corporate book tax, which would now hit small and midsized businesses well below the $1 billion profit threshold the tax intended to hit.The new tax would impose a 15 percent minimum tax on the book income of ‘applicable corporations’.”
Which do you think is telling the truth? (Need I ask?)