This month’s focus is on the Inflation Reduction Act (“IRA”), a new law recently signed by President Joe Biden and supported exclusively by Democrats in Congress. The bill aims to curb inflation by reducing the deficit through enhanced revenue collection, lowering prescription drug prices, and investing into domestic energy production while promoting clean energy. Dig in below.
This video was created for general informational purposes only as of the time of its creation and does not constitute legal advice, the formation of an attorney client relationship, or a solicitation to provide legal services.
Topics Covered
- Issue 1: Build Back Manchin – West Virginia’s U.S. Senator Joe Manchin was at the core of efforts to design and pass this legislation. What motivated him? What were his big wins? How does this affect his political standing? Hear from a close political ally whom he appointed to fill an empty seat in the U.S. Senate.
- Issue 2: Let the Sunshine In – The IRA has been promoted as the most significant legislation on climate change remediation ever to pass Congress. What are the bill’s clean energy components? How can businesses take advantage of incentives and tax credits? Hear from a clean energy attorney at the vanguard of the industry.
- Issue 3: The Taxman Cometh – The IRA made significant adjustments to the federal tax law and funded efforts to strengthen the Internal Revenue Service. What are the key provisions? How should businesses and individuals prepare for the new system? Will Americans be subject to more invasive audits? Hear from an expert in federal tax law.
Panelists
- Carte Goodwin, former U.S. Senator now serving as Member-in-Charge of FBT’s Charleston, WV office.
- Brian Zoeller, a longtime clean energy attorney who serves as chair of Frost Brown Todd’s Renewable Energy Industry Team.
- Christopher Coffman, a Louisville tax attorney who concentrates his practice on tax planning and business structuring, primarily representing FBT clients involved in real estate development and investment.
About FBT D.C.
Remember The McLaughlin Group? (If not, here’s a refresher spoof from SNL). Frost Brown Todd’s Washington, D.C. office has brought back the spirit of the show in a half-hour segment, bringing together some of the best minds to provide their takes on the hottest topics in our nation’s capital. The spirited, roundtable discussion is led by former Kentucky State Treasurer Jonathan Miller (D), who serves as the Member-in-Charge of FBT’s Washington, D.C. office.
