A conservative political group tied to Republican strategist and former White House deputy chief of staff Karl Rove clai
Sen. Jacky Rosen, D-Nev., speaks at a campaign rally for Democratic presidential nominee Vice President Kamala Harris at the University of Nevada , Las Vegas on Saturday, Aug. 10, 2024. Taxpayers might feel some burden from higher taxes on high-earning individuals and corporations included in the Inflation Reduction Act. But analyses have found those burdens are likely offset by credits and other savings.claims in a TV ad that U.S. Sen. Jacky Rosen, D-Nev.
Alex Durante, an economist at the Tax Foundation, a tax policy think tank, said corporations could pass increased tax burdens to consumers through higher prices and employees through lower wages and decreased benefits, but those changes could be offset by credits in the Inflation Reduction Act, such as for
Rosen voted for the 2022 Inflation Reduction Act, which increased taxes on high-income earners and large corporations. The law did not increase taxes for people making less than $75,000 a year.
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