The Inflation Reduction Act Proposed, Episode 24, Ron Cohen

The Biden Administration Corporate Tax Proposal

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.

IRS

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

Tax update with Ron, episode 30

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.

Groco

Sherry Higgs: The Nonprofit Arena

The Nonprofit Arena | Sherry Higgs

About Sherry Higgs In February 2010, at age 43, Sherry Higgs was diagnosed with a rare, and potentially life threatening breast cancer called IBC or Inflammatory Breast Cancer. Prior to her diagnosis, Sherry worked for 15 years at a Fortune 500 company as a successful Account Executive. She worked with various sized companies implementing full…

Chai Patel

Banking For Life | Chai Patel

  About Chai Patel   Chaitali Patel was born and raised in India and came over to the United States when she was 17 years old. After working in many of her family’s businesses she ventured out and got a degree in finance and computer science. After her college education she worked at several banks…

Healthcare Update: Federal Subsidies Illegal | Dennis Wolfe

ObamaCare – Dennis Wolfe, Healthcare Specialist

  About Dennis Wolfe Dennis Wolfe began his insurance career in 1976 and quickly gravitated to the rapidly developing small group benefits market. Almost immediately he wrote the benefit plan for a large interstate restaurant chain. From there he wrote the benefits for a Fortune 500 company. That followed with a total revamping of a…

Prasad Kaipa

Igniting the Genius Withing – Prasad Kaipa, CEO Coach and Advisor

  About Prasad Kaipa Prasad has been an advisor and coach focusing on innovation and leadership since 1990 for about 120 C-level executives in Global Fortune 500 companies. Prasad’s unique competence is in helping his clients find their next significant step and take it. He found that unless he helps clients to examine their signature…