Claim: The Inflation Reduction Act proposes to raise over $700 billion in new revenues over 10 years to be spent on energy, climate change initiatives, health care and deficit reduction. But not all of those revenues come via higher taxes. More than half comes from health care savings and from beefed up IRS tax enforcement.
Fact-check: Scott Overstates Tax Increases in Inflation Reduction Act - FactCheck.org
Verdict: the inflation reduction act proposes to raise over $700 billion in new revenues over 10 years to be spent on energy, climate change initiatives, health care and deficit reduction. but not all of those revenues come via higher taxes. more than half comes from health care savings and from beefed up irs tax enforcement.
Organisation: FactCheck.org
Author: Robert Farley
Date published: 2022-08-11T17:22:09