Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible

The New York Times · Jim Tankersley · last updated August 3, 2022 – 12:41 AM

Despite Republican claims, the new legislation would be only a modest corporate tax increase, Congress’s Joint Committee on Taxation found.

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The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.

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