Inflation Reduction Act

What this bill moves

Which issues this bill moves, and which way. Every placement carries a cited passage from the bill itself — that’s the receipt. Scoring version v8.

• Government Scopemoves toward expansive government · Decisive

  “In the case of an applicable corporation, the tentative minimum tax for the taxable year shall be the excess of-- ``(i) 15 percent of the adjusted financial statement income for the taxable year (as determined under section 56A), over ``(ii) the corporate AMT foreign tax credit for the taxable year.”

• Economic Coordinationmoves toward state / common ownership, redistribution · Strong

  “In the case of an applicable corporation, the tentative minimum tax for the taxable year shall be the excess of-- ``(i) 15 percent of the adjusted financial statement income for the taxable year (as determined under section 56A), over ``(ii) the corporate AMT foreign tax credit for the taxable year.”

• Macroeconomicsmoves toward more policy activity in Macroeconomics · Decisive

  “SEC. 10101. CORPORATE ALTERNATIVE MINIMUM TAX.”