The Inflation Reduction Act Proposed, Episode 24, Ron Cohen
This week Ron Cohen talks 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.
Inflation Reduction Act proposal 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 CPAs & Advisors
Email: rcohen@groco.com
510.797.8661
Click here to listen to more from Ron.
Click here, then scroll down, to see Ron’s bio.
To receive GROCO’s free newsletter, click here.
Click here to learn more about Greenstein, Rogoff, Olsen & Co., LLP (GROCO.com) Advisors to the ultra-affluent.
Taxes Aimed at the Wealthy Could Send Canadian Entrepreneurs Fleeing
Taxes Aimed at the Wealthy Could Send Canadian Entrepreneurs Fleeing By Alan Olsen The idea of taxing the rich is certainly not new, and neither are the negative effects that this philosophy can cause. While the United States is know for it’s broken tax system which attempts to punish the wealthy simply for being wealthy,…
More Companies Offering New Way to Lower Taxes on Pensions
More Companies Offering New Way to Lower Taxes on Pensions By Alan Olsen It used to be that many, if not most, companies offered the benefit of a pension fund to those employees who eventually retired with the company after many years of service. As times have changed, benefit packages have become less attractive or…
Doing Business in China – Common War Stories
Doing Business in China – Common War Stories As time passes, I hear from reliable sources the same type of stories, over and over, about doing business in China. So, I thought I’d pass along some recent reviews: Assume a taxpayer sets up a Wholly-Owned Foreign Enterprise (W.O.F.E.) and manufactures products (directly or via a…
Even the Ultra Wealthy Need Smart Financial Planning
Even the Ultra Wealthy Need Smart Financial Planning By Alan Olsen, CPA, MBA (tax) Managing Partner Greenstein Rogoff Olsen & Co. LLP How many times have you heard about an ultra-wealthy individual who has somehow managed to blow all of his or her fortune and end up with practically nothing? There are countless stories of…