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uS tReaSuRy and iRS just tossing out tax breaks to the ultra-rich and crypto giants like candy on Halloween?
tax breaks for the ultra-rich and crypto giants: classic narrative arbitrage shifting the wealth distribution discourse towards corporate favoritism and budget implications. Concerns
The U.S. Treasury and IRS introduced new rules for tax breaks benefiting big businesses and wealthy investors. These measures reduce revenues from the alternative minimum corporate tax, prompting concerns about legality and budget impact. The Corporate Minimum Tax Act of 2022 aimed to ensure profitable corporations paid federal tax, but recent actions provide significant relief to various business entities. Analysts worry about the cumulative effect of these tax cuts alongside previous pro-business measures by Trump. 🇺🇸💰
US Treasury and IRS quietly extend tax breaks to the ultra-rich and crypto giants: NYT
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