Globalist Janet Yellen Calls for Global Minimum Corporate Tax Rate So Biden Can Raise Taxes on US Companies without Worry
Joe Biden and Democrats are hoping to raise the corporate tax rate in America from 21% to 28% to pay for all of their new trillions in federal spending.
But the Biden regime knows these massive tax hikes will negatively affect American companies and American workers. They understand that much.
On Monday Treasury Secretary Jante Yellen revealed the new plan to even the playing field for the Biden tax hikes. Yellen wants ALL COUNTRIES to commit to a minimum corporate tax rate.
This is the latest globalist plan to control the people and it should concern everyone.
Treasury Secretary Janet Yellen called for a global minimum corporate tax rate on Monday, a pitch that comes as the Biden administration begins to sell its roughly $2 trillion infrastructure and jobs proposal that would raise US corporate taxes to fund the massive plan.
“We’re working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom. Together, we can use global minimum tax to make sure that the global economy thrives, based on a more level playing field in the taxation of multinational corporations and spurs innovation, growth and prosperity,” Yellen said in a speech to the Chicago Council on Global Affairs.
“Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids,” she said during the remarks, which represented her first major address as Treasury secretary.
“It’s about making sure that governments have stable tax systems that raise sufficient revenue to invest in essential public goods and respond to crises, and that all citizens fairly share the burden of financing government.”