Same Money, More Problems

Too Long; Didn't Read

Having signed the U.S. Inflation Reduction Act, the current president of the United States has started a process that will help reign in ballooning everyday prices for the average American and transition the country away from dirty fuels. Never mind the fact that experts and rating agencies say it will be years before the masses see any benefit and that you can't even use the much-touted electric vehicle credits to purchase a Tesla. At least not yet. Silence can be deafening, and as this report from SDxCentral points out, the tech giants are yet to publicly comment on the bill. Yet, that hasn't stopped them from expressing their disliking through other means. Instead of opposing the Inflation Reduction Act head-on, the companies have let their displeasure known through The Business Roundtable, a trade group that counts the CEOs of Google, Microsoft, Apple, and Amazon as its members. Weeks before the bill signing, The Business Roundtable said it strongly opposed the legislation because it increases corporate taxes. The U.S. Chamber of Commerce, which has various members from the tech sector, also made a similar comment. It's really not clear whether the issue is taxes or something else, and the tech giants' silence really isn't helping. Nonetheless, with all that chatter of inflation and corporate monoliths, the companies were back in the public consciousness and HackerNoon was able to plot their rankings using its unique data.