President Biden signed the Inflation Adjustment Act, which establishes new 15% corporate minimum tax, sets 1% excise tax on stock buybacks, and spends billions on climate programs.
The Congressional Budget Office s projection is based off of an analysis that states an amendment to Democrats bill from Senator Mike Crapo would see the legislation bring $20 billion less tax dollars
Biden is slated to highlight the launch of the historic framework as he meets with Japanese Prime Minister Fumio Kishida on Monday. He s currently on his first Asia trip as president.
A local forest landscape restoration program will get $3 million in federal infrastructure funding to reduce fuels and improve portions of the Rogue River-Siskiyou National Forest across Southern Oreg.