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

Habits to Ditch So You Can Retire by Your 40th Birthday

Habits to Ditch So You Can Retire by Your 40th Birthday

Habits to Ditch So You Can Retire by Your 40th Birthday Are your retirement plans set? Are you going to call it quits when you turn 65 and spend your goldenyears traveling the world, lavishing your grandkids with gifts and good times, and spending your down time relaxing in the sun by a crystal-clearpool? It…

What Things Do Successful People Do to Start Their Day?

What Things Do Successful People Do to Start Their Day? The old adage goes: the early bird gets the worm. Does that mean the birds that have been out late and decided to sleep in miss out? Surely there are enough worms to go around for all the birds, right? The fact is, worms would…

The Best Jobs for Work-Life Balance

The Best Jobs for Work-Life Balance Why do you work? Is it to achieve a sense of accomplishment? Perhaps you simply work for a paycheck. Of course, most people work out of necessity to provide for themselves and for their families. Just about anyone who works to provide for his or her family will face…

Some of the Most Amazing Hobbies From Around the Globe

Some of the Most Amazing Hobbies From Around the Globe Have you been looking for a new hobby lately to fill your time? If the stamp or coin collecting just doesn’t seem to grab your attention and the thought of taking up golf or polo bores you, then perhaps it’s time to look outside the…