Posted on 05/18/2021 12:14:19 PM PDT by Rusty0604
Treasury Secretary Janet Yellen called on Tuesday for business leaders to pay higher taxes to support government stimulus spending, and backed stronger labor unions and lowering barriers to foreign competition.
In a speech to the U.S. Chamber of Commerce, Yellen reiterated the White House’s intent to raise taxes on corporations and the highest earners as part of an ambitious infrastructure spending plan.
She said the administration is also looking to stop tax evasion that has “stacked the deck for decades against responsible and compliant taxpayers.”
The administration also is seeking a global corporate minimum tax in an effort to stop companies from relocating their bases to avoid higher levies at home.
Along with the position on taxes and infrastructure, Yellen spoke about inequality and said it is in part fostered by a lack of bargaining power by labor, a potential sore spot for business owners at a time when only a little more than 10% of all workers belong to unions.
She also talked up the benefits of global competition.
Former President Donald Trump had pushed policies such as tariffs, fought against Chinese theft of American technology and other intellectual property and pulled the U.S. from multiple global trade pacts. Yellen, though, said competition from abroad should be welcomed.
“Let others innovate and advance. Let us seek to advance faster and further. We ultimately benefit from the positive spillovers of innovation wherever it occurs,” she said. “As in any competition, if you lose one contest, you work harder to win the next. The better the competition, the stronger you will get. That has been the American way.”
(Excerpt) Read more at cnbc.com ...
Did they pelt her with rotten eggs and tomatoes?..................
Communists at all levels are running amok...
Need a Nation-wide SSS plan... ASAP...
Yellen can go do a few physically impossible things with herself.
Of course she is. She’s among her own kind pushing this crap!!!
Bastards want every single person to be in a UNION.
I did bookkeeping on my own for over 40 years....Glad I didn’t have to deal with this crap.
WHAT UNION do they want all the Congressional people to be in????
In other words, her policy is “Death to America.”
Japan tried the ‘Infrastructure revitalization’ concept in the 90’s to spur its economy. It was a flop. It was called the the ‘Lost Decade’.....................
Unions love foreign competition!!!
The Chamber of commerce probably gave her a standing ovation
No, there’s an article posted here this AM that says Chamber of Commerce is woke now and backed 22 Democrats for Representative last election.
Why?
It’s all Kabuki theater, they are all on the same side.
The countries of the world are “sovereign nations”. They tax people and corporations the way they feel it is right. No Yellen is going to tell them how much do they need to tax anybody.
Plus. half of the world countries are corrupt. They tax people according to how much they bribe the officials. Even if they agree with Yellen, little pocket money will change that.
stronger unions means less competition.
It’s unbelievable how, after everything Trump did for the economy was working so well, until the shutdown (which may have been intentional), the commies are doing the exact opposite.
Sending jobs to other countries is just healthy competition. And getting the world to agree with a global minimum corporate tax will discourage our companies from moving.
She sounds like a Bush League Republican.
The Chamber ate it up.
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