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Aug 4, 2022

Senate Democrats’ spending bill is raising corporate tax questions

Senate Democrats are working out the details of their latest spending bill, dubbed the “Inflation Reduction Act.” We go over what’s been going on with the bill, and some contentious corporate tax proposals. Tensions between Taiwan and China are starting to disrupt commerce and some flights. The Department of Transportation is beginning to take comments on a potential move to boost protections for airline passengers seeking refunds for tickets.

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Senate Majority Leader Chuck Schumer, D-N.Y., (left) and Senate Democratic Whip Dick Durbin, D-Ill., at a press conference at the Capitol on Feb. 2, 2021 in Washington.
Senate Majority Leader Chuck Schumer, D-N.Y., (left) and Senate Democratic Whip Dick Durbin, D-Ill., at a press conference at the Capitol on Feb. 2, 2021 in Washington.
Olivier Douliery/AFP via Getty Images

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Senate Democrats’ spending bill is raising corporate tax questions