Congress recently passed the Inflation Reduction Act, which contains a number of provisions. It aims to raise revenue and combat inflation by implementing a 15% corporate alternative minimum tax, allow Medicare to negotiate prescription drug prices, and increase IRS enforcement on high-income taxpayers. And it plans to invest $437 billion in energy security, climate change, and an extension of the Affordable Care Act.

However, there is one tax change that was added at the last minute that could have a major impact on some of the stocks in your portfolio: a 1% excise tax on corporate stock buybacks.

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Source Fool.com