Birdwatch Note Rating
2022-11-07 21:11:51 UTC - NOT_HELPFUL
Rated by Participant: 841BFF8A1AC9E331252CBD5E3B6B6898D4383F78C1C2C23C1656D5D431C5B987
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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