Mike Quigley tweeted the following:
"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
Here are other recent tweets from Mike Quigley:
"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
"So, how are we paying for this?For years, as the highest-ranked Democrat on the Financial Services and General Government Appropriations Subcommittee, I saw Republicans strip away IRS funding, making it harder for the IRS to ensure corporations and the 1% pay their fair share."Read on Twitter
"These are transformational, once-in-a-lifetime reforms that Americans have eagerly been waiting for. Today, we delivered. #InflationReductionAct"Read on Twitter
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