CBS News reports Saturday that the Biden-Harris administration is proposing a global minimum tax of at least 15 percent:
The Biden administration is proposing a global minimum tax of at least 15% as it looks to level the playing field and stop what Treasury Secretary Janet Yellen has called the “race to the bottom.” However, the Treasury Department said that 15% is just the starting point and they will push for that rate to be higher.
The initial proposal comes as officials with the Treasury’s Office of Tax Policy participated in meetings with officials from 24 nations over the last two days as part of the Organization for Economic Cooperation and Development’s international tax negotiations. Treasury Department officials said the administration was “heartened” by the reception of its proposal.
A comprehensive agreement to set a global minimum tax is one of the provisions in the administration’s Made in America Tax Plan, which includes a series of tax provisions that, if implemented, would cover the cost of the president’s more than $2 trillion infrastructure package, known as the American Jobs Plan.
White House National Security Adviser Jake Sullivan says it’s great to hear the positive reception to their proposal.
The world is closer than ever before to a global minimum tax. Great to hear the positive reception to our proposal and thanks to @SecYellen and our partners all around the world for their work on this. This is what it looks like to lead the world to end the race to the bottom.
— Jake Sullivan (@JakeSullivan46) May 22, 2021
— SeldenGADawgs (@SeldenGADawgs) May 22, 2021
🤡
— Dhruv Bansal (@dhruv_ky) May 22, 2021
Recommended
As bad ideas go, this is one of the worst
— Patrick Crowley (@rpc68) May 22, 2021
This is what it looks like to lead – more ways to tax. How appropriate
— JohnFlat (@johnflat) May 22, 2021
Taxation is a violation of the non aggression principle.
— Harvey Cheyne (@Robb5446) May 22, 2021
So the NSA is in on tax policy?
Don't you have more pressing responsibilities or is this just what Biden wants as a priority and let more pressing things fall to the wayside?
— Steve (@Steve56666007) May 22, 2021
This is not leading. It’s groveling. You’re humiliating us.
— FugitiveMama Will NOT Comply! (@fugitivemama) May 22, 2021
Taxation is theft.
— Donkey Brain (@Sgt01Usafm) May 22, 2021
We’re not interested in anything global for America. If you want that, move.
— IrritatedWoman (@irritatedwoman) May 22, 2021
Screw that
— Tony G. Funderburk (@TonyGFunderburk) May 22, 2021
In the 1700’s, some fellas said “hell no”
— Database Overlord of Trussology Sapper (@SapperK) May 22, 2021
https://twitter.com/frez_mike/status/1396194476247322625
Global empire strikes out again!
— Hunter02 (@UncleSa88735673) May 22, 2021
Heard this all before.. just another slush fund.
— Adam Fear (@realadamfear) May 22, 2021
https://twitter.com/MrMikeD42/status/1396247001239535621
https://twitter.com/JuniorLoveMeNow/status/1396162094806884356
Global? Isn’t destroying America enough for you?
— Grofe (@Grofe) May 22, 2021
What does this have to do with national security?
— Dr. Judgmental Shoelace, PhD. 🇺🇸 🇮🇪 🇭🇰 🇹🇼 (@DocKilmer) May 22, 2021
positive reception. 👌 get off the glue asshat
— gopher handstone (@GHandstone) May 22, 2021
God save us from these beta, feminist “men”.
— sher (@sherrytesla) May 22, 2021
https://twitter.com/yoshiminder/status/1396214233155710976
You’re not leading the world toward anything other than more chaos.
— 2 + 2 = 4 (@1BaseballBurner) May 22, 2021
— 🍁🍂🎃Peachfuzz🎃🍂🍁 (@Peachfu08019815) May 22, 2021
My goodness. How did someone so stupid get to such a high position in the government?
— Zombie John Gotti 🚌 🐗 (@ZombieJohnGotti) May 22, 2021
<——– Don't look at me, I didn't vote for these Commie dirtbags
— Deplorable Petr (@PragueArtist) May 22, 2021
https://twitter.com/PajamaBoy3/status/1396199251869200384
Breaking News: Globalist douchebag pats other globalist douchebags on the back telling them good job undermining the nation.
— James (@catsnoutsoup) May 22, 2021
https://twitter.com/LoJoandKJ/status/1396214100737265675
https://twitter.com/LiamSilenced/status/1396234585600667657
You thieves are hell bent on destroying our nation.
Take your global tax, your mask, your regulations and your anti-American attitude and shove it up your ass.— J Paul Leek (@JPaulLeek) May 22, 2021
Related:
‘DELUSIONAL’! Joe Biden says raising taxes will ‘make the economy function better’ and ‘create more energy’ https://t.co/4sanbRPiPx
— Twitchy Team (@TwitchyTeam) April 2, 2021
