Category: Joint Committee on Taxation

Big Banks, Corporations Getting 90 Percent of Biden’s Green Energy Credits: Congressional Study

April 20, 2023
energyEnergy Tax Creditsgreen energyHouse Ways and Means Committee Chairman Jason SmithInflation Reduction Act of 2022Joint Committee on TaxationPolicies & Impactspresident joe bidenUSUS News
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Most of the green energy tax benefits provided by President Joe Biden’s $750 billion Inflation Reduction Act (IRA) of 2022 are going into the coffers of big banks and billion-dollar corporations, according to House Ways and Means Committee Chairman Jason Smith (R-Mo.). “While President Biden’s supercharged IRS is warming up to target working Americans, his…

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House Proposal Will Hike Taxes on Lower- and Middle-Income Americans: Bipartisan Congressional Panel

July 12, 2022
Build Back Better ActBusiness & Marketscongresseconomic policieseconomyExecutive BranchJoint Committee on Taxationpersonal financePoliticspresident joe bidenSen. Mike Craposenate finance committeetaxesUSUS News
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Taxes will go up for millions of lower- and middle-income taxpayers under the House Democrats’ version of President Joe Biden’s Build Back Better plan, according to two new analyses by the non-partisan professional staff of the congressional Joint Committee on Taxation (JCT). “While Republican tax reform in 2017 cut taxes for all Americans, and increased…

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