The Inflation Reduction Act puts in place an alternative corporate tax : The Indicator from Planet Money The Inflation Reduction Act has it all, from fighting climate change to cutting drug prices. But today, we're zooming in on one aspect of the bill. The changes to corporate taxes.

Paying for the Inflation Reduction Act

Paying for the Inflation Reduction Act

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Drew Angerer/Getty Images
WASHINGTON, DC - AUGUST 4: Senate Majority Leader Chuck Schumer (D-NY) speaks as Sen. Amy Klobuchar (D-MN) and Sen. Ed Markey (D-MA) look on during a news conference about the Inflation Reduction Act outside the U.S. Capitol on August 4, 2022 in Washington, DC. (Photo by Drew Angerer/Getty Images)
Drew Angerer/Getty Images

Corporate tax laws in the United States are sculptured by exceptions. Call it squirming through loopholes or taking advantage of incentives, companies are experts at minimizing their tax burdens.

But if the Inflation Reduction Act – the 755-page behemoth of a bill – makes its way through Congress, the new Corporate Alternative Minimum Tax (CAMT) means companies may have to empty their pockets a little more.

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