Birdwatch Note Rating
2022-10-29 18:56:15 UTC - HELPFUL
Rated by Participant: 5C63145DD5E4787B0E7FD6E14655195FF4EDCE3319DE810B4EFE91032FBF9CC6
Participant Details
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/
All Note Details