Birdwatch Note Rating
2022-10-29 22:08:17 UTC - NOT_HELPFUL
Rated by Participant: 2CC1C44E85ED741C3042CACCCAEA2934588B5C67671CC4A573567184AB23AEAC
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Original Note:
The Inflation Reduction Act imposed a minimum tax on corporations with average pre-tax earnings greater than $1 billion. https://www.reuters.com/markets/us/how-could-new-us-corporate-minimum-tax-affect-companies-2022-08-10/ https://crsreports.congress.gov/product/pdf/IF/IF12179 Out of the 55 corporations the tweet references, only 14 had earnings greater than $1 billion and would be eligible under Biden's tax law. https://www.washingtonpost.com/politics/2021/10/21/bidens-favorite-stat-that-55-major-corporations-paid-no-federal-income-tax/ https://itep.org/55-profitable-corporations-zero-corporate-tax/
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