Biden's economic adviser pushes for a
'global minimum corporation tax' to
keep the U.S. competitive worldwide
and make sure companies pay their 'fair
share' as president vows to raise rates
Daily Mail (UK),
by
Katelyn Caralle
Original Article
Posted By: Ribicon,
5/2/2021 7:07:06 PM
Joe Biden's economic adviser pushed Sunday for a 'global minimum tax' for corporations in order to close loopholes in companies relocating overseas to circumvent rate hikes in the U.S. 'The idea is to make sure that corporations are paying their fair share,' Council of Economic Advisers chair Cecilia Rouse told 'Fox News Sunday.' 'To button up some of the loopholes, which have meant more corporations were actually putting more money offshore–off of U.S. soil,' she continued. 'And having a global minimum tax so that we're working with the rest of our trading partners, so that we're working with the rest of the world so that corporations
Reply 1 - Posted by:
marbles 5/2/2021 7:11:43 PM (No. 773579)
" Fair share " sounds sooooo reasonable. You know enough not to trust that lets do the right thing phrase.There are no " loopholes". It's the tax code. Anyone can avail themselves of it.
10 people like this.
Reply 2 - Posted by:
voxpopuli 5/2/2021 7:14:26 PM (No. 773580)
almost like he wants to create
and be in charge
of a One World Order..
until he is bribed and blackmailed
out of office..
and THEN we become the
Milch Cow of Europe..
13 people like this.
Reply 3 - Posted by:
JL80863 5/2/2021 7:14:46 PM (No. 773581)
Corporations, foreign or domestic, never pay taxes. Costs are always past on to consumers. Always.
22 people like this.
Reply 4 - Posted by:
wakeupcall 5/2/2021 7:33:35 PM (No. 773590)
Council of Economic Advisers and chair Cecilia Rouse sound like a bunch of Marxist Communist Globalist One World Government traitor to America dreamers.
14 people like this.
Reply 5 - Posted by:
lakerman1 5/2/2021 7:34:57 PM (No. 773592)
This sounds like something one would hear in the faculty lounge.
16 people like this.
Reply 6 - Posted by:
LeeBertie 5/2/2021 7:35:58 PM (No. 773594)
Yeah, that'll work out great. Get everyone to follow our good example and we can all happily skip down the yellow brick road to ruin together.
8 people like this.
Reply 7 - Posted by:
LanceLink1 5/2/2021 7:40:35 PM (No. 773597)
There is no one at the helm. The gates down, the lights are flashing but the train ain't coming. Biden says we will mumbo dog face at the banana patch and the press says "what a great economic plan"!
8 people like this.
Reply 8 - Posted by:
padiva 5/2/2021 7:42:59 PM (No. 773599)
'Fair share' for who?
Oh, I know. 'Fair share for the government parasites (and union leaders) who make their living off the labors of working people.
12 people like this.
Reply 9 - Posted by:
formerNYer 5/2/2021 8:01:39 PM (No. 773606)
delusional and dementia - bad combination
9 people like this.
Reply 10 - Posted by:
downnout 5/2/2021 8:20:17 PM (No. 773618)
A global minimum tax is the only way the US will stay competitive. Does anyone seriously think foreign countries are going to slit their own throats to appease Biden, Yellen and the rest of the leftist cabal?
11 people like this.
Reply 11 - Posted by:
curious1 5/2/2021 8:29:56 PM (No. 773623)
Ready to play Cowboys and Leftards yet?
4 people like this.
Reply 12 - Posted by:
stablemoney 5/2/2021 8:29:59 PM (No. 773624)
It's never enough for the left. All their terminology is cast in world, global, international, universal. When something larger than the universe is added, the left will quickly rush to control that too.
6 people like this.
The Comintern will convene in the Oval Office this week, and every week thereafter.
5 people like this.
Reply 14 - Posted by:
DVC 5/2/2021 9:07:33 PM (No. 773634)
Damned Communists.
9 people like this.
Reply 15 - Posted by:
SALady 5/2/2021 9:18:32 PM (No. 773644)
The Chinese must be dying laughing at this incompetent fool that stole the last election -- and at the stupid American people that let it happen!!!
They are winning the war with us without having to fire a shot. While we raise taxes, which raises the price of American-made products, the Chinese continue to flood our markets with low-priced garbage that we buy in every store and on Amazon. And they surely aren't going to go along with raising taxes on their products. They have nothing to gain by doing that, and they know not-my-president Lyin' Joe biden won't do a thing to stop them!!!
8 people like this.
Reply 16 - Posted by:
red1066 5/2/2021 9:33:02 PM (No. 773659)
That fair share will be added to the price of the product. Can you say inflation?
7 people like this.
Reply 17 - Posted by:
Twinkle93 5/2/2021 9:52:14 PM (No. 773671)
Speak of foreign entanglements.
2 people like this.
Reply 18 - Posted by:
bad-hair 5/2/2021 9:52:31 PM (No. 773672)
And the Indians, Russians, Chinese, Lithuanians, Gambians, and likely the Canadians are rolling in the aisles laughing their butts off.
2 people like this.
Reply 19 - Posted by:
columba 5/2/2021 9:52:32 PM (No. 773673)
The headline says : "as president vows to raise rates..."
I am certain that the real President (Donald Trump) did not authorize this.
6 people like this.
Reply 20 - Posted by:
bogeegolf 5/2/2021 10:06:22 PM (No. 773677)
This only makes sense to someone feeding at the government trough for fifty years
4 people like this.
Reply 21 - Posted by:
Strike3 5/2/2021 10:48:07 PM (No. 773684)
Nothing but weasel words meant to justify robbery of US citizens by their crooked government.
2 people like this.
I heard this tidbit on the radio today. Joey earns $400k as president. He just said Dr Jill is still teaching. That's more than $400k.
But, wait. They said he created another company to put their speaker's fees and other income.
Yeah, he is coming for you.
0 people like this.
Reply 23 - Posted by:
franq 5/3/2021 5:57:51 AM (No. 773785)
It's fair to drive up the cost of everything we buy?
0 people like this.
Reply 24 - Posted by:
bighambone 5/3/2021 10:53:23 AM (No. 774052)
Another globalist project coming out of the Biden Administration that if implemented will be sure to put the USA at a disadvantage.
0 people like this.
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The pResident's own son didn't pay his "fair share" of the bribe money, and you get bet Doddering Joe didn't claim his 10% either. This Cecilia Louse is an economic genius on a par with AOC, and the Fair Share Rule is lifted straight from Atlas Shrugged, which turns out to be prophetic.