Posted on 10/10/2021 9:04:45 AM PDT by American Number 181269513
Treasury Secretary Janet Yellen said on Sunday she was confident the U.S. Congress would approve legislation to implement the global corporate minimum tax agreed by 136 countries.
Yellen told ABC's "This Week" the actions to bring the United States into compliance with the global minimum tax would likely be included in the so-called reconciliation budget bill containing President Joe Biden's proposed spending initiatives.
Asked whether she was confident the measure would get through, Yellen said: "Yes. I am confident that what we need to do to come into compliance with the minimum tax will be included in a reconciliation package. I hope that we, that it will be passed and we will be able to reassure the world that the United States will do its part."
The parliamentary maneuver known as budget reconciliation would allow Democrats to act without Republican votes.
A group of 136 countries on Friday set a minimum global tax rate of 15% for big companies and sought to make it harder for them to avoid taxation in a landmark deal that Biden said levelled the playing field.
(Excerpt) Read more at reuters.com ...
Note that she doesnt explain how this is good for Americans, just “the world”. Which we can assume means China.
Yet another “treaty” that isn’t a treaty.
Business taxes are a lie. The only think they do is shift tax collection from governments to businesses.
All this does is add to the price average citizens have to pay for goods and services.
Like the rest of the Biden Democrats agenda, absolute economic idiocy in action
I want to get Globalist, Globalist
Let’s get into Globalist.
Let me hear your money talk, your money talk.
Let me hear your money talk.
Name the original artist.
In other words, to create more chances for pols to solicit payola from the corporations, for favorable legislation.
Nelson Rockefeller, with Henry Kissinger on backing vocals?
> Yet another “treaty” that isn’t a treaty. <
Yep. To ratify a treaty, the Constitution requires consent of two-thirds of the Senate. That’s a high hurdle, as it was meant to be. To avoid such a hurdle, just call the treaty an “agreement” instead. Then majority rules.
And don’t worry, globalists. The Supreme Court won’t interfere.
Olivia Newton John
China will be exempt. The West shoots itself in the foot.
This makes it easier for government to regulate business (and you).
Correct...
Businesses don’t pay taxes, people do.
If putting globism ahead of American interests isnt treason — it should be.
Walmart prices soon to increase by 18%
....this is yet another LIE from The Left that unfortunately many dummies breathing air in these here UnUnited States still swallow hook, line and sinker. To ALL you dumbasses out there, YOU CAN’T TAX A CORPORATION !!!
They just raise YORE price!!!
Get it!!!??? ITS YOUR MONEY! Effectively it’s the same as personal income tax.
Janet Yellen has ties to the Clinton Crime Family going back to the 1990s.
Free solar panels for both of you!
We voted for the Democrats so this is the consequences we are dealing with. Guess no more steak for us then. Forget about buying the latest model of iPhone.
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