Corporate America is mad that the Inflation Reduction Act (IRA)—which may actually reduce inflationary pressures over the long term, if not now—will raise its taxes. The Financial Times has a nice collection of bleats from their trade associations: The bill would impose “significant new tax increases and unprecedented government price controls”, the US Chamber of Commerce warned. Its tax provisions would deal “a blow to our industry’s ability to raise wages, hire workers and invest in our communities”, said the National Association of Manufacturers. The Business Roundtable, which represents blue-chip companies in Washington, estimated… Read More