“The mislabeled ‘Inflation Reduction Act’ will do nothing to bring the economy out of stagnation and recession, but it will raise billions of dollars in taxes on Americans making less than $400,000.”
Mike Crapo
Senator (R-Idaho). in a news release. Claim dated 30 Jun 2022.
Washington Post rated thisNot the Whole Story
What Washington Post found
Tax rates have not changed, but distribution tables distribute the impact of corporate tax increases.
Their words, from the summary they publish with the rating.
In short
Mike Crapo (Senator (R-Idaho)) made this claim around 30 June 2022. Washington Post (United States) looked into it and published its finding on 9 August 2022, 40 days later. Its rating was “Not the Whole Story”.
Where the claim appeared
- finance.senate.govhttps://www.finance.senate.gov/ranking-members-news/jct-democrats-proposals-increase-taxe…
Links recorded by Washington Post. Some posts may have been deleted since.
This check was done by Washington Post, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.