CEPR Statement: Inflation Reduction Act is Historic Progress | Aug 16, 2022

A good, brief summary of the bill's effects, including criticisms. kjl

“'The tax provisions of the Inflation Reduction Act denote a historic turn in tax policy towards greater fairness,” said Co-Director Eileen Appelbaum, addressing how the act will rein in Wall Street profiteers. 'The near doubling of Internal Revenue Service staff, plus resources to upgrade IT capacity, means the agency will be able to investigate potential tax fraud in complex Wall Street firms. IRS campaigns to crack down on private equity firm’s improper use of management fee waivers for investors and monitoring agreements with portfolio companies will no longer be stymied by a lack of resources."

full article at CEPR