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.
CNN.com reported:
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