What was in place was a 15% minimum tax for companies that earned over a billion dollars
SupportedJohn Hickenlooper, at Colorado U.S. Senate General Election Debate (Colorado Sun)
7:58 pmWhy this verdict View evidenceHide evidence
Why we checked itSpecific claim about a 15% corporate minimum tax threshold that can be verified against the actual legislative text of the Inflation Reduction Act or related legislation
What we foundThe Inflation Reduction Act of 2022 did establish a 15% corporate alternative minimum tax applicable to companies with over $1 billion in earnings, precisely as claimed.