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A Project of The Annenberg Public Policy Center

Scott Overstates Tax Increases in Inflation Reduction Act

Scott Overstates Tax Increases in Inflation Reduction Act

The Inflation Reduction Act proposes to raise over $700 billion in new revenues over 10 years to be spent on energy, climate change initiatives, health care and deficit reduction. But not all of those revenues come via higher taxes. More than half comes from health care savings and from beefed up IRS tax enforcement.