{"id":484484,"date":"2022-08-14T13:16:00","date_gmt":"2022-08-14T10:16:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/inflation-reduction-act-is-signed-into-law-what-that-means-for-your-portfolio\/"},"modified":"2022-08-14T13:16:00","modified_gmt":"2022-08-14T10:16:00","slug":"inflation-reduction-act-is-signed-into-law-what-that-means-for-your-portfolio","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/inflation-reduction-act-is-signed-into-law-what-that-means-for-your-portfolio\/","title":{"rendered":"#: Inflation Reduction Act is signed into law \u2014 what that means for your portfolio"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f7b42ade35\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f7b42ade35\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/inflation-reduction-act-is-signed-into-law-what-that-means-for-your-portfolio\/#%E2%80%9C_Inflation_Reduction_Act_is_signed_into_law_%E2%80%94_what_that_means_for_your_portfolio%E2%80%9D\" >&#8220;: Inflation Reduction Act is signed into law \u2014 what that means for your portfolio&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/inflation-reduction-act-is-signed-into-law-what-that-means-for-your-portfolio\/#%E2%80%98Its_really_the_shareholder_who_will_bear_the_burden_of_the_1_tax_on_corporate_stock_buybacks_says_one_tax_expert\" >\u2018It\u2019s really the shareholder who will bear the burden\u2019 of the 1% tax on corporate stock buybacks, says one tax expert<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/inflation-reduction-act-is-signed-into-law-what-that-means-for-your-portfolio\/#The_Inflation_Reduction_Acts_1_tax_on_stock_buybacks\" >The Inflation Reduction Act\u2019s 1% tax on stock buybacks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/inflation-reduction-act-is-signed-into-law-what-that-means-for-your-portfolio\/#Understanding_the_Inflation_Reduction_Acts_15_corporate_minimum_tax\" >Understanding the Inflation Reduction Act\u2019s 15% corporate minimum tax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/inflation-reduction-act-is-signed-into-law-what-that-means-for-your-portfolio\/#Could_the_Inflation_Reduction_Acts_green-energy_focus_grow_an_investment_portfolio\" >Could the Inflation Reduction Act\u2019s green-energy focus grow an investment portfolio?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/inflation-reduction-act-is-signed-into-law-what-that-means-for-your-portfolio\/#Andrew_Keshner\" >Andrew Keshner<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C_Inflation_Reduction_Act_is_signed_into_law_%E2%80%94_what_that_means_for_your_portfolio%E2%80%9D\"><\/span>&#8220;: Inflation Reduction Act is signed into law \u2014 what that means for your portfolio&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"%E2%80%98Its_really_the_shareholder_who_will_bear_the_burden_of_the_1_tax_on_corporate_stock_buybacks_says_one_tax_expert\"><\/span>\n  \u2018It\u2019s really the shareholder who will bear the burden\u2019 of the 1% tax on corporate stock buybacks, says one tax expert<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001095845\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001095845\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       If investors thought they were finding their footing in a volatile stock market, a new tax, climate and healthcare spending law from Capitol Hill might have them trying again to regain their stability.<\/p>\n<p> The Inflation Reduction Act contains a 1% tax on stock buybacks, and a 15% minimum tax for large companies that pay little or nothing in income taxes. That could hit big names like Amazon\u00a0<br \/>\n        AMZN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210331248\/composite\" class=\"positive\">+2.07%<\/bg-quote><br \/>\n      <strong>\u00a0<\/strong>and Tesla<br \/>\n        TSLA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203558040\/composite\" class=\"positive\">+4.68%<\/bg-quote><span>.<\/span><\/p>\n<div class=\"paywall\">\n       The legislation passed the House of Representatives on Friday in a 220-207 vote after passing the Senate last weekend. Now the bill awaits President Joe Biden\u2019s signature, and he\u2019s indicated his support.<\/p>\n<p>The bill\u2019s energy- and climate-focused<strong> <\/strong><br \/>\n        ICLN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205740995\/composite\" class=\"positive\">+1.16%<\/bg-quote><br \/>\n      <strong>\u00a0<\/strong>incentives feature rebates and tax credits that will directly impact households. They address heat pumps, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>liance efficiency, solar panels, electric vehicles<strong>\u00a0<\/strong>and more.<\/p>\n<p>The Inflation Reduction Act will invest $300 billion in deficit reduction and $369 billion in energy-security and climate-change programs over the next 10 years, and is forecast to reduce carbon emissions by approximately 40% by 2030.<\/p>\n<p>If the bill becomes law, investors may quickly spot some related impacts. For example, look at the pop in solar-power stocks, electric-vehicle makers and fuel-cell companies on Monday, a day after Senate Democrats ushered the bill through that chamber on a 51-50 vote, requiring a tie-breaking vote from Vice President Kamala Harris.<\/p>\n<p>Other results may be tougher to see, like the potential bottom-line drag from a new minimum 15% corporate tax rate.<\/p>\n<p>The corporate-tax floor and the 1% stock-buyback tax would have a \u201cminimal impact\u201d on earnings expectations, a Citi<br \/>\n        C,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207741460\/composite\" class=\"positive\">+0.70%<\/bg-quote><br \/>\n       note forecast Monday. More Federal Reserve interest-rate hikes, inflation\u2019s toll and potential economic slowdowns are still the bigger story, Citi analysts noted.<\/p>\n<p>Still, it\u2019s worth knowing the implications of the bill \u2014 whose labeling as the  Inflation Reduction Act by Democrats has been decried among Republicans  as unlikely to prove accurate \u2014 as it awaits Biden\u2019s signature.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"The_Inflation_Reduction_Acts_1_tax_on_stock_buybacks\"><\/span>The Inflation Reduction Act\u2019s 1% tax on stock buybacks<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Along with increases in equity value, companies reward shareholders through stock buybacks and by paying dividends. The tax code treats those approaches differently. The investor who gets qualified or ordinary dividends has to pay taxes on the income. On qualified dividends, it would be <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/taxes\/dividend-tax-rate\" class=\"icon none\">a 15% tax that year for many people. <\/a>That is, unless the stock is held in a tax-deferred account like a 401(k).<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>It\u2019s more complicated, and politically fraught, for stock buybacks.<\/p>\n<p>When companies repurchase their equity, that can push the share price higher as the outstanding shares are reduced \u2014 and critics say buybacks are an unfair maneuver even as they have become increasingly popular.<\/p>\n<p>Stock buybacks have neared $800 billion after last year\u2019s record of approximately $1.2 trillion. Critics contend U.S. companies used the benefits of a Republican tax-code overhaul in 2017 chiefly to buy back shares to the disproportionate benefit of executives and other insiders rather than to invest in their businesses or bring on more workers.<\/p>\n<p>For stockholders, there\u2019s no tax event on the higher-priced shares until they sell and pay capital-gains tax. If the shares are later inherited and the new owner eventually sells, they can bypass plenty of potential tax through the \u201cstep up in basis\u201d that re-pegs the starting basis for capital-gains taxes.<\/p>\n<p>Enter the new legislation\u2019s stock-buyback tax, which taxes corporations 1% on the value of the repurchased shares.<\/p>\n<p>\u201cImposing a small 1% buyback tax is a reasonable way to offset some of the tax advantage,\u201d compared with dividend payouts, said Thornton Matheson, senior fellow at the Tax Policy Center. Still, Matheson noted, \u201cit\u2019s really the shareholder who will bear the burden.\u201d<\/p>\n<p>That could happen in two ways, she explained. It might nudge corporations to issue<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.taxpolicycenter.org\/taxvox\/1-buyback-tax-could-lead-higher-dividend-payouts\" class=\"icon none\"> more dividends instead of buybacks,<\/a> which would leave the tax liability with investors. Or if companies proceed with a buyback, the repurchased amount is 99% of what it would have been because companies will now need to pay a 1% cut toward taxes, Matheson noted.<\/p>\n<p>The 1% tax would apply to buybacks <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/taxnews.ey.com\/news\/2022-1206-inflation-reduction-act-revised-to-include-excise-tax-on-stock-buybacks\" class=\"icon none\">starting Jan. 1, 2023.<\/a><\/p>\n<p>But is a 1% tax \u2014 which came on the scene when Sen. Kyrsten Sinema, an Arizona Democrat, balked at closing the carried-interest loophole to the disadvantage to such taxpayers as hedge-fund and private-equity executives \u2014 enough to shift companies away from buybacks toward more dividends? Douglas Feldman has doubts.<\/p>\n<p>\u201cA 1% tax is going to slow down some share repurchases. But I\u2019m not sure that\u2019s a major thing,\u201d said Feldman, chief investment officer at Stash, a banking and investment app aimed at newer investors.<\/p>\n<p>A \u201cfar greater driver of stock-market performance in the near and medium terms\u201d are interest rates, inflation and economic conditions, Feldman said, echoing Citi analysts. \u201cI don\u2019t think 1% of tax is large enough to either stop buybacks or to shift [the shareholder-return emphasis] from buybacks to dividends.\u201d<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Understanding_the_Inflation_Reduction_Acts_15_corporate_minimum_tax\"><\/span>Understanding the Inflation Reduction Act\u2019s 15% corporate minimum tax<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>On paper, the corporate income-tax rate is 21%. But critics, Biden among them, have long said companies use the tax code\u2019s thicket of rules and write-offs to shrink their tax bill far below that, to as little as nothing.<\/p>\n<p>At least 55 major corporations paid no corporate income tax in 2020,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/itep.org\/55-profitable-corporations-zero-corporate-tax\/\" class=\"icon none\"> according to researchers <\/a>at the left-leaning Institute on Taxation and Economic Policy who reviewed publicly available financial disclosures.<\/p>\n<p>For Democrats, the backstop is an alternate 15% minimum tax on the \u201cbook income\u201d of a corporation with at least $1 billion in profits over a three-year average.<\/p>\n<p>Book income is what\u2019s in the financial statements that companies produce for the investing public to see and scrutinize. Book income can vary from taxable income due to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/kenaninstitute.unc.edu\/kenan-insight\/build-back-better-by-taxing-book-income\/\" class=\"icon none\">different reporting standards for each. <\/a><\/p>\n<p>That\u2019s one part of the trouble potentially laying ahead, said Will McBride, vice president of federal tax and economic policy, at the right-leaning Tax Foundation. The $1 billion threshold could give companies a strong incentive to tweak and adjust their reporting on costs and profits in order to avoid or minimize exposure to the tax.<\/p>\n<p>\u201cDiminishing the value of their financial statements is going to be very costly\u201d for the investors, big and small, who are trying to make decisions based on financial statements, McBride said. The added complexity may also end with uneven results, hitting some sectors harder than others.<\/p>\n<p>\u201cCompanies have some degree of flexibility in reporting items of income and expense, and, in as much it affects their book tax liability, companies may respond by altering the information reported on their financial statements,\u201d he said. \u201cStudies indicate that is what companies did the last time a tax like this was levied in the late 1980s.\u201d<\/p>\n<p>As this bill began wending through Congress last month, the American Institute of CPAs told lawmakers the minimum tax \u201cviolates numerous elements of good tax policy and may result in unintended consequences that must be carefully considered.\u201d<\/p>\n<p>The organization went on to say \u201cpublic-policy taxation goals should not have a role in influencing accounting standards or the resulting financial reporting.\u201d<\/p>\n<p>Any dent in stock prices would be slight, according to a UBS note Monday. \u201cThe taxes would have a very minimal 1% drag on S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+1.73%<\/bg-quote><br \/>\n       earnings per share, though some companies will be more affected than others,\u201d the note said.<\/p>\n<p>That\u2019s near Goldman Sachs<br \/>\n        GS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209237603\/composite\" class=\"positive\">+0.61%<\/bg-quote><br \/>\n       estimates. It said the minimum tax and buybacks would decrease S&amp;P earnings per share by 1.5% on the whole, but the declines could be deeper in sectors such as healthcare and information <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, which operate with lower effective tax rates.<\/p>\n<p>Advanced Micro Devices<br \/>\n        AMD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208144392\/composite\" class=\"positive\">+2.76%<\/bg-quote><span>,<\/span><br \/>\n       Nvidia<br \/>\n        NVDA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200467500\/composite\" class=\"positive\">+4.27%<\/bg-quote><br \/>\n       and Ford<br \/>\n        F,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208911460\/composite\" class=\"positive\">+2.21%<\/bg-quote><br \/>\n       were among the 102 companies that could be candidates for more tax liability, according to a UBS strategist review.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Could_the_Inflation_Reduction_Acts_green-energy_focus_grow_an_investment_portfolio\"><\/span>Could the Inflation Reduction Act\u2019s green-energy focus grow an investment portfolio?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>On Monday, companies and ETFs in the clean-energy sector jumped after Senate passage on a bill stuffed with many generous tax credits for homeowners and select car buyers. Do the $369 billion in climate and energy provisions translate to investment opportunities?<\/p>\n<p>Perhaps \u2014 but the usual dose of investing caution applies, said Feldman. Some of the bill\u2019s winners are companies in the green-energy sector, he said. It\u2019s not necessarily a winning bet for many investors to single out particular companies for stock-purchase decisions. That\u2019s why people may want to consider ETF exposure to a whole sector instead, he said.<\/p>\n<p>More than one-third of participants, or 35%, in a Stash survey of Americans\u2019 financial situations said they would invest in companies engaged in global sustainability if they had more money, Feldman noted.<\/p>\n<p>Money has recently been pouring into clean-energy ETFs, said Aniket Ullal, head of ETF Data &amp; Analytics at CFRA, a global investment research firm. Since Sen. Joe Manchin, a conservative Democrat from West Virginia, initially struck a deal on the bill in late July, Ullal noted the Invesco Solar ETF<br \/>\n        TAN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210041821\/composite\" class=\"positive\">+1.31%<\/bg-quote><br \/>\n       raked in $283 million in new inflows and climbed 16%. The iShares Global Clean Energy ETF <a rel=\"nofollow noopener\" target=\"_blank\" href=\"#phrase-company?ref=COMPANY%7CICLN;onlineSignificance=passing-mention\" class=\"icon none\">ICLN<\/a> has taken in $22 million and climbed 17.5%, he said. <\/p>\n<p>With the bill now set to be signed into law, it\u2019s giving investors a glimpse into the parameters and incentives that could shape the green-energy industry, said Stacey Morris, head of energy research at VettaFi, an ETF data and analytics research firm. \u201cThere\u2019s just a better sense of what the playing field is going to be going forward,\u201d she said.<\/p>\n<p>When the bill becomes law, \u201cwe expect to see continued retail interest in both types of clean-energy ETFs, but particularly ETFs like ICLN and TAN that hold \u2018pure play\u2019 alternative stocks,\u201d Ullal said. <\/p>\n<p>It may still be tricky for people to pinpoint individual winning companies considering the complex regulations to follow, like on domestic sourcing, Morris noted. \u201cI think investors need to be cognizant of some of those details before jumping in with both feet,\u201d Morris said.<\/p>\n<p>Lawmakers can set aside money for the sector, but that will not guarantee generous company returns. \u201cThere\u2019s still an element of execution on these companies, even though the government has made the path easier for them,\u201d Morris said.<\/p>\n<p><strong><em>Hear from Ray Dalio at the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/moneyfestival.marketwatch.com\/\" class=\"icon none\">Best New Ideas in Money Festival<\/a> on Sept. 21 and Sept. 22 in New York. The hedge-fund pioneer has strong views on where the economy is headed.\u00a0<\/em><\/strong><\/p>\n<p><em>This story was updated on August 12. <\/em><\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Andrew Keshner\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/andrew-keshner\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/andrewkeshner\",\"text\":\"@andrewkeshner\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"mailto:akeshner@marketwatch.com\",\"text\":\"akeshner@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Andrew_Keshner\"><\/span>Andrew Keshner<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"10_MW\" author-name=\"Andrew Keshner\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fa-retail-investors-guide-to-the-inflation-reduction-act-how-to-prep-your-portfolio-11660078939%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C06575-04D4-B545-710B-8A5E4A79462B%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;: Inflation Reduction Act is signed into law \u2014 what that means for your portfolio&#8221; \u2018It\u2019s really the shareholder who will bear the burden\u2019 of the 1% tax on corporate stock buybacks, says one tax expert If investors thought they were finding their footing in a volatile stock market, a new tax, climate and healthcare&#8230;<\/p>\n","protected":false},"author":1,"featured_media":484485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-600537\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-484484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=484484"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/484485"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=484484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=484484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=484484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}