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 of dollars in federal spending.
But the Biden regime knows these massive tax hikes will negatively affect American companies and American workers. They understand that much.
So in April, Treasury Secretary Jante Yellen revealed the new plan to even the playing field for the Biden tax hikes. Yellen announced she would push ALL MAJOR ECONOMIES to commit to a minimum corporate tax rate.
This is the latest globalist plan to control the people and dip into their incomes even further.
The politicians know best.
It’s for the children.
And it worked!
The G7 finance ministers on Saturday announced they came to an agreement to pursue higher global taxation on international businesses.
In a move that could raise hundreds of billions of dollars to help them cope with the aftermath