JCT Says Senate-Passed H.R. 5376 Would Raise $90.7 Billion

JCT Says Senate-Passed H.R. 5376 Would Raise $90.7 Billion

U.S. Joint Committee on Taxation

Revenue provisions of H.R. 5376, as amended and passed by the Senate, would raise $90.7 billion from 2022 to 2031, according to estimates released by the Joint Committee on Taxation on August 9.

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Revenue provisions of H.R. 5376, as amended and passed by the Senate, would raise $90.7 billion from 2022 to 2031, according to estimates released by the Joint Committee on Taxation on August 9.

Revenue provisions of <a href="/lr/resolve//7dxgw">H.R. 5376</a>, as amended and passed by the Senate, would raise $90.7 billion from 2022 to 2031, according to estimates (JCX-18-22) released by the Joint Committee on Taxation on August 9. Deficit reduction provisions, including a corporate alternative minimum tax, would raise $295.9 billion, the JCT said. Energy security provisions, such as extending renewable energy incentives and clean energy vehicle incentives, would cost $205.2 billion, according to the estimates.

Revenue provisions of H.R. 5376, as amended and passed by the Senate, would raise $90.7 billion from 2022 to 2031, according to estimates (JCX-18-22) released by the Joint Committee on Taxation on August 9. Deficit reduction provisions, including a corporate alternative minimum tax, would raise $295.9 billion, the JCT said. Energy security provisions, such as extending renewable energy incentives and clean energy vehicle incentives, would cost $205.2 billion, according to the estimates.