Mike Quigley tweeted the following:
"Overall, #InflationReductionAct will raise over $700 billion without raising taxes on anyone earning less than $400,000 a year.And it will reduce the deficit by more than $300 billion, unlike the 2017 Republican tax bill, which will add $1.9 trillion to deficits over 10 years."Read on Twitter
Here are other recent tweets from Mike Quigley:
"Nurses, firefighters, cops, and teachers often pay higher tax rates than companies with $1 billion in profit per year. It's unfair, and today that comes to an end. #InflationReductionAct"Read on Twitter
"It will also impose a 15% minimum tax for corporations making $1 billion or more in income. This means corporations that report billions of dollars in revenue to their shareholders, have to pay taxes on those earnings. #InflationReductionAct"Read on Twitter
"The #InflationReductionAct invests $80 billion in the IRS, the vast majority of which will go towards increased tax enforcement on the wealthiest tax evaders. This investment in tax enforcement is expected to bring in $124 billion in revenue."Read on Twitter
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