Leftist democrats in America have been long accused of supporting the growing trend toward the global control of nations by a centralized world body of governors. Biden proves he supports yielding American control to world control. That is a very bad move. Americans may think world control of America will be benign, but if they do they are either deceived or stupid. For example, the world body wants to redistribute American wealth among poor nations around the world. That would mean taking away the high earnings of American workers in stupid efforts to raise the low earnings of most of the workers in the rest of the world, and that is just one horror being planned. May God deliver us from leftist insanity before America and freedom is completely lost to insane tyrants.
US Treasury Secretary Janet Yellen said Sunday she was "confident" Congress would pass legislation to implement a global tax agreement in the United States enacting a minimum international tax on big corporations.
The OECD-brokered deal, which sets a global tax of 15 percent, is aimed at stopping international corporations from slashing tax bills by registering in nations with low rates.
"I am confident that what we need to do to come into compliance with the minimum tax will be included in a reconciliation package," Yellen told ABC's "This Week," referring to the federal budget bill currently being debated in Congress.
The multi-trillion dollar spending package is the cornerstone of President Joe Biden's economic agenda.
Budget reconciliation is a political move that would allow Democrats, who control the House of Representatives and Senate by a slim majority, to act without Republican votes.
"I hope that... it will be passed and we will be able to reassure the world that the United States will do its part," Yellen said, praising the "historic" agreement.
The 136 nations now on board with the global tax agreement represent 90 percent of global gross domestic product.
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US Treasury Secretary Janet Yellen said Sunday she was "confident" Congress would pass legislation to implement a global tax agreement in the United States enacting a minimum international tax on big corporations.
The OECD-brokered deal, which sets a global tax of 15 percent, is aimed at stopping international corporations from slashing tax bills by registering in nations with low rates.
"I am confident that what we need to do to come into compliance with the minimum tax will be included in a reconciliation package," Yellen told ABC's "This Week," referring to the federal budget bill currently being debated in Congress.
The multi-trillion dollar spending package is the cornerstone of President Joe Biden's economic agenda.
Budget reconciliation is a political move that would allow Democrats, who control the House of Representatives and Senate by a slim majority, to act without Republican votes.
"I hope that... it will be passed and we will be able to reassure the world that the United States will do its part," Yellen said, praising the "historic" agreement.
The 136 nations now on board with the global tax agreement represent 90 percent of global gross domestic product.