President Biden’s Inflation Reduction Act

 

Fifty-five of the biggest corporations made $40 billion in profits in 2020 – and they didn’t pay a single penny in federal income tax.
Under President Biden’s Inflation Reduction Act, corporations will now have to pay a minimum 15% tax.


The RAILROADS that threatened to shut down the economy used their profits to BUY BACK STOCK and avoid taxes.
The AIRLINES, pre-COVID, used their profits to BUY BACK STOCK, avoid taxes, and whined to get TAXPAYER BAILOUTS when the economy shut down.
The 15% tax is global and should help other nations as well.

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