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  "documentTitle": "The Inflation Reduction Act: Here’s what’s in it",
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      "text": "Raising revenue. Much of the new spending in the IRA is designed to be offset by measures to increase government revenues.",
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      "text": "Raising revenue. Much of the new spending in the IRA is designed to be offset by measures to increase government revenues. The act raises the minimum tax on large corporations to 15 percent, imposes a 1 percent excise tax on stock buybacks, and provides new funding to enhance IRS collection and enforcement. Combined with savings from the healthcare initiatives, the CBO estimates the IRA will lower government deficits by $237 billion over the next ten years.",
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      "text": "Note: This exhibit reflects analysis of the appropriation figures contained in the Inflation Reduction Act, as well as those reported by the Congressional Budget Office and Joint Committee on Taxation. This analysis may differ from other analyses due to differences in methodology. Source: Inflation Reduction Act of 2022, H.R. 5376, 117th Cong. (2021–22)",
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