corporatetax
Treasury Secretary Janet Yellen met with the G7 leaders last week and scored a long-sought achievement: she reached an agreement with the finance ministers from the G7 on a global minimum corporate tax. Part of that deal was intended to garner support for corporate increases for which the Biden administration has championed. The idea is to have companies pay a minimum of 15 percent on income, regardless of their locations. But as Yellen headed home to the U.S. over the weekend, she acknowledged that she might encounter a challenge when speaking to Republican lawmakers. Ever since the Biden ad...
uPolitics.com
Senate Minority Leader Mitch McConnell (R-Kentucky) released a scathing statement condemning big business, which he says is acting like “a woke parallel government.” McConnell’s statement highlights the increasingly strained relationship between Republicans and the corporate sector. McConnell has supported tax cuts for corporations and sought business contributions relentlessly throughout his career. “Corporations will invite serious consequences if they become a vehicle for far-left mobs to hijack our country from outside the constitutional order,” McConnell said. “Our private sector must sto...
uPolitics.com
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