4.7 • 9.2K Ratings
🗓️ 11 August 2022
⏱️ 10 minutes
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0:00.0 | NPR. |
0:11.4 | This is the indicator from Planet Money, I'm Darien Woods. |
0:14.2 | And I'm Patty Hirsch. |
0:15.6 | The inflation reduction act nice squirming its way through Congress has a bit of something |
0:20.3 | for everyone. |
0:21.3 | Well, almost everybody. |
0:22.7 | So this bill is supposed to fight climate change, trim the fiddle deficit, cut drug prices |
0:27.5 | for Medicare recipients. |
0:29.6 | And it's meant to extend expanded health insurance subsidies under the Affordable Care |
0:33.5 | Act. |
0:34.5 | Win, win, win, win. |
0:35.5 | It's a lot of wins. |
0:36.5 | But somebody's going to have to pay for that. |
0:38.0 | Yeah. |
0:39.0 | And it turns out it could be large corporations. |
0:41.9 | US companies that average a billion dollars a year in income could well be dinged by a new |
0:46.7 | tax. |
0:47.7 | This designed to get a grip on all of the tax avoidance we hear that goes on in corporate |
0:51.4 | America. |
0:52.4 | So the idea is that this new so-called book tax or corporate alternative minimum tax or |
0:58.5 | tax ramped for sure. |
0:59.5 | I don't know. |
... |
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