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Inflation Reduction Act: A tax perspective

Part of the Tax News & Views podcast series

Now that the Senate has approved the Inflation Reduction Act, the next stop is for the bill to pass in the House of Representatives. Tax and finance executives need to understand what made it into the new bill and its implications for their organizations. Deloitte leader Jonathan Traub highlights the major tax components and outlook of tax legislation in this latest episode.

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Tax podcast: The Inflation Reduction Act and taxes: What should you know?

Now that the Senate has approved the Inflation Reduction Act, the next stop is for the bill to pass in the House of Representatives. Tax and finance executives need to understand what made it into the new bill and its implications for their organizations. (Hint: No changes to SALT deduction, a new excise tax on stock buybacks, plus a minimum book income tax.)

Deloitte leader Jonathan Traub highlights the major tax components and outlook of tax legislation in this latest episode.

We think this is probably it for legislation until after the election—they had a very big burst of energy in June and July. Passing the veterans health care bill, CHIPS Act, some gun legislation, adding Sweden and Finland to NATO, and now completing action on the Inflation Reduction Act.

—Jonathan Traub 

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