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couple of days before the act passed the senate. one was a proposal to raise taxes on interests, of compensation earned by certain folks in the financial industry was removed from that legislation on request of the senator sinema. there are a focus on smaller changes to a proposed book tax that would be applied to large corporations as well as some other large changes related to the spending side and tax changes. this legislation would raise revenue and reduce the deficit by $300 billion over the next 10 years but it would come at the expense of lower growth because of the tax hike. hike. every day, people to know about the after-tax income due to the prior health care subsidies and energy credits in the bill over the next 10 years but we do find in the long run because a lot of that expires you have a lower income tax income because of those higher taxes as well. host: how does this work but it would impact american taxpayers? overall the higher taxes are the corporati ....
plus a variety of compelling podcasts. it s available at the apple store and google play. download it for free today. c-span now, your front row seat to washington, anytime, anywhere. joining us this morning is garrett watson senior policy analyst for the tax foundation here to talk about the democratic proposal the inflation reduction act. the tax provision specifically in this legislation. garrett watson, you did an analysis of this bill before there were changes made to appease senator sinema any talk about the changes and your analysis? guest: there were several changes made over the last couple of days before the act passed the senate. one was to raise taxes on interests, of conversation by certain folks in the financial industry was removed from that legislation on request of the senator. focus on smaller changes to a proposed book tax that would be applied to large corporations as well as some other large changes root related to the financial side. this legis ....
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