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Or, thank you for not having the willpower to raise taxes. /s It is easier certainly to call out the IRA (even though it is doing a lot to drive a transition t

by throwaway20222 4y ago

Or, thank you for not having the willpower to raise taxes. /s It is easier certainly to call out the IRA (even though it is doing a lot to drive a transition to a cleaner economy) because it happened, as opposed to “what ifs,” but not touching taxes as far as slowing the economy should be called out imho.

bryanlarsen 4y ago
The IRA raised corporate taxes, which is a very effective means of fighting inflation. The CBO called out the IRA for being ineffective because the IRA only reduced the deficit by a few hundred billion dollars, when trillions in relief were needed. Sure, trillions of dollars in increased taxes would have killed the economy, but interest rate rises are also killing the economy.
- AnimalMuppet 4y ago
  > The IRA raised corporate taxes, which is a very effective means of fighting inflation. Can you justify the "very effective" part of that statement?