Biden’s Global Tax Surrender Puts Foreign Companies, Workers Ahead of Americans

June 15, 2021 — Blog    — In Case You Missed It...    — Press Releases    — Trade   

Top Republican on the Ways and Means Committee Rep. Kevin Brady (R-TX) today joined Bloomberg TV’s Balance of Power to warn against President Biden’s global minimum tax.

 

Rep. Brady said:

“Obviously the global minimum tax is at first, a stark admission by the Biden Administration that their proposals to raise America’s corporate tax rate by a third – making it dead last among our global competitors – are going to make the U.S. less competitive, slow growth, and incentivize jobs to move overseas. […] At the end of the day this is not a victory, as the Biden Administration is spinning it, it really is an economic surrender.”

 

 

CLICK HERE to watch the full interview.

 

KEY TAKEAWAYS:

 

Biden’s Global Tax Puts Foreign Companies Ahead of American Workers

 

  • A new gallup poll finds that 65% of Americans believe our top foreign policy priority ought to be protecting the jobs of American workers.
  • Under Biden’s Global Tax Surrender, it’s better to be a foreign company or foreign worker than it is to be an American company or American worker.

 

READ: Explainer: President Biden’s Global Tax Hike is Not a Victory for America, but a Surrender

 

Democrats’ Socialist Agenda is Sabotaging Our Economic Recovery

  • With his promise of $6 trillion in new tax hikes sabotaging our economic and jobs recovery, Biden is trying to mitigate this self-inflicted damage by asking foreign companies to raise their rates, too.

 

WATCH: Global Tax Hike is Not a Victory for America: It’s a Surrender

 

Majority of Americans Agree: Now Is Not the Time to Raise Taxes

  • Americans need good-paying jobs, not Dems’ endless government checks and tax hikes that increase consumer prices and slash paychecks. And the vast majority of Americans oppose post-pandemic tax hikes.
  • The best way to help families and communities rebuild is through good work opportunities, not endless government checks and job-killing tax hikes.

 

READ: ANALYSIS: Family of 4 Getting $109,048 in COVID Government Checks Already Approved by Congress