3min chapter

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Inflation Reduction Actually

Planet Money

CHAPTER

Corporate Taxes Will Fight Inflation

The new corporate taxes are supposed to zoom out about $300 billion. It gives the IRS $80 billion to, among other things, investigate people who haven't been paying. The CBO says that should net something like $130 billion out of the hands of tax evaders. But this is an area where economists don't all agree on whether companies will cut wages or raise prices.

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