Birdwatch Note Rating
2022-11-08 02:31:10 UTC - NOT_HELPFUL
Rated by Participant: 46D893DFC474111C12B5EF54ADED5291021E07B5BC4D944EB4F35D18A93785C7
Participant Details
Original Note:
While the Inflation Reduction Act reduces the number of large corporations that are non-payers of tax, its minimum tax applies to companies with $1 billion in annual income. Only 14 of the 55 largest U.S. companies that didn't pay tax in 2021 had that level of income. https://www.cnn.com/2022/11/05/politics/fact-check-biden-midterms-2022/index.html https://www.bakerinstitute.org/research/inflation-reduction-act-2022-corporate-minimum-tax-faces-major-issues
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