Will the Inflation Reduction Act Actually Reduce Inflation? How Will the Corporate Minimum Tax Work? An Economist Has Answers

Over the next ten years, the US will spend $490 billion to aid efforts to improve living standards, including reducing greenhouse gas emissions and improving health care. In an article for The Conversation, Nirupama Rao, University of Michigan economist and professor, explores the Inflation Reduction Act and whether or not it will hold true to its name. Rao also discusses some of the finer points of the act, such as how the corporate minimum tax will work and how IRS enforcement will generate revenue.