What are the Inflation Reduction Act and Budget Reconciliation? (Blog)
On August 16, the President signed the Inflation Reduction Act of 2022 into law. The law approves more than 700 billion dollars in federal…, Because a reconciliation bill faces a sped-up procedure in the Senate, it is subject to the Byrd Rule. This allows senators to object to any…, A reconciliation bill requires a simple majority vote in both chambers of Congress and cannot be stalled in the Senate with a filibuster. The Senate…, Affordable Care Act Premium Subsidies The Affordable Care Act (ACA) offers premium tax credits, which are income-based subsidies to lower an…, Excise tax on stock buybacks Publicly traded corporations have shareholders that own stock in them. When a corporation profits, it can pay its…