garrett watson for focus on the text questions that you raised. guest: on the corporate tech site, i think the caller has a point. there needs to be a difference. take advantage of what already exists and within the tax code many of which are tax incentives and text credits. incentivize certain behavior, that's really important to plan out. a lot of this stuff is dr. girl -- about an agreed on. both were individuals and corporations. we need to know the difference between that and the evasion which is where and actually a lot harder to deal with because you are dealing with those who have not been a part of the situation. it's trying to circumvent a lot of the preferences in the code. i think that would be continued to talk about that. the irs agent site, i have to say it needs to be emphasized that in addition to auditors and to the penalty approach or folks trying to evade taxes it's not an important part of it and during hey, if i have beaten -- if i speed in this intersection i'm going to get pulled over. if they are evading their taxes and no

garrett watson is here to take your questions on this inflation reduction act. again on the energy, tax credits for buying electric and hydrogen vehicles and making energy efficient home improvements. tell us the impact of it. guest: the inflation reduction act provides a little over $50 billion in tax credits for renewable and green energy of production of the energy and investing in more energy invested -- energy efficient homes and cars. as well as everyday consumers. they want to follow well-known -- 7500 dollars for cars that are electric or pop plug-in hybrid that is going to be a big one. the other thing i did was a lot of these credits expire every year. there is a lot of uncertainty for consumers and firms trying to invest. most of them extend through 2031 or 2032. the -- there is stability there. after 20 to five a lot of this is mark technology neutral design which means incentivizing any given particular technology like solar or wind. you want to incentivize production. so, that's going to be a shift there. the trade-off is there are not a lot of per

garrett watson for focus on the text questions that you raised. the corporate tech site, i think the caller has a point. there needs to be a difference. take advantage of what already exists and within the tax code many of which are tax incentives and text credits. incentivize certain behavior, that's really important to plan out. a lot of this stuff is dr. girl -- about an agreed on. both were individuals and corporations. we need to know the difference between that and the evasion which is where and actually a lot harder to deal with because you are dealing with those who have not been a part of the situation. it's trying to circumvent a lot of the preferences in the code. i think that would be continued to talk about that. the irs agent site, i have to say it needs to be emphasized that in addition to auditors and to the penalty approach or folks trying to evade taxes it's not an important part of it and during hey, if i have beaten -- if i speed in this intersection i'm going to get pulled over. if they are evading their taxes and not fulfilli

. >> joining us this morning is garrett watson, senior policy analyst with the tax foundation to talkbout the democratic proposal for the so-called inflation reduction act. the tax provision, specifically in this legislation. garrett watson, you did an announcement of this bill before there were changes made to appease senator sinema any talk about the changes and your analysis? guest: there were several an

garrett watson, senior tax policy analyst at the tax foundation saying this, the provisions in the iracertain decisions related to covered corporations in the minimum books tax. for example, the secretary is taxed with determining when an applicable corporation falls below the average annual adjusted financial statement income tax. in recent analysis of the bill casey mulligan, former council of economic advisors, you see yellen there, under trump agreed writing in his blog, supply and demand that the bill gives the treasury secretary to authority to determine an individual corporation's tax liability. new corporate alternative minimum tax would raise 313 billion in revenue over a decade, according to the non-partisan joint committee on taxation. to do that companies would be charged a 15% minimum tax on corporate book income, that is the income reported on corporate financial statements. now some 150 companies with annual revenues over a billion dollars would be subject to the tax initially and according to new research from ubs would include well-known names like ford, amazon, nvidia