@Austan_Goolsbee | 108,977 followers
I agree with @jasonfurman's thread on the Inflation Reduction Act and would observe a few things (1/4)

1) The WSJ editorial page claim that the middle class will pay more taxes is just factually wrong--seems to deliberately misread the distribution table.
In reply to @jasonfurman
If you want to analyze indirect incidence you need to take into account: (1) corporate minimum tax; (2) ACA subsidies; (3) impact on drug/electricity prices and (4) interaction w/ future fiscal/monetary policy. Overall it will help households making < $400,000.

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