On the recordApril 10, 2024
President Biden's so-called Inflation Reduction Act forced taxpayers to subsidize big banks and corporations.
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congress.govPresident Biden's so-called Inflation Reduction Act forced taxpayers to subsidize big banks and corporations.
Smith criticizes Biden's Inflation Reduction Act for benefiting large corporations.
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I think it is interesting that people come in with their concerns about tax fairness, and what is going to happen, and how we are going to meet the deficit that is growing, and we are not focusing on collecting taxes that are already due and owing.
A family of four who makes $40,000 benefited greatly from the doubling of the Child Tax Credit.
So in regards to that, when you talk about real wages, real wages increased by more than 5 percent after passage of this.