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Missouri Chamber of Commerce opposing Inflation Reduction Act

The Missouri Chamber of Commerce is speaking out against the Inflation Reduction Act.

The legislation passed through the U.S. Senate last weekend. It would put $750 billion toward combating climate change and altering health care policies.

Missouri’s Chamber of Commerce released a statement Monday saying that the legislation would put too much of a tax burden on its businesses. They say it would hit manufacturers particularly hard.

Supporters of the bill, mostly Democrats, say the highest taxes would only apply to large corporations.

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