Ignore the debate over whether the Inflation Reduction Act raises taxes on those making $400,000 or less.

[ad_1] As Congress is about to pass inflation reduction act, Washington is once again debating very little. It’s about whether Democrats are violating President Biden’s pledge not to raise taxes on families earning $400,000 or less annually. But here’s the secret: This is another ridiculous political argument. The Tax Policy Center analyzed the larger climate, health and tax bill in three different ways. The bill is very progressive every time. On average, after-tax income for low- and middle-income households will either increase slightly or not change in any measurable way.…