This week we talk about: The proposed Inflation Reduction Act, Senator Sinema & the Manchin/Schumer Build Back Better Bill & The problem with multi-variable computations!

Follow up on last week's podcast:

1) I may have been wrong! Corporate Welfare? The Student teaches the teacher!

2) Taiwan is 80 miles from the China coast…not 10 as I said.

Show Notes:

Inflation Reduction Act – Draft Bill

https://www.documentcloud.org/documents/22122279-inflation-reduction-act-of-2022

Senate Finance Committee Report saying it raises taxes at low income levels:

https://www.finance.senate.gov/imo/media/doc/jct_distributional_effects_inflation_reduction_act.pdf

Deloitte Report:

https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-taxnewsandviews-220729.pdf

Sen. Sinema may be on the fence?

https://www.vox.com/policy-and-politics/23282983/inflation-reduction-act-kyrsten-sinema-josh-gottheimer

Sen. Manchin does not answer the question:

https://www.cnn.com/2022/08/01/politics/kyrsten-sinema-democrats-big-week-for-biden-presidency/index.html

Please let us know if there are specific topics you'd like to hear about in future episodes.

Ron Cohen, CPA

Partner at Greenstein, Rogoff, Olsen & Co., LLP

510-797-8661