In yet another affirmation of who our country’s “leadership” actually serves, Joe Biden has committed to a 15% global minimum tax, as China seeks to be exempted from the deal.
CNSNews explains the impacts of the global minimum tax:
Large companies with profit margins above 10 percent could be taxed on at least 20 percent of the profit above that 10-percent level in countries where they make sales.
Rep. Kevin Brady (R-Tx) the ranking member of the House Ways & Means Committee, spoke with Fox News on Monday, “This is without question the biggest economic blunder in our lifetimes”.
“This is not, as the president said, a victory for America. It is a surrender.”
One Twitter used said what many have been thinking: