Janet Yellen has been a profound disappointment as Treasury Secretary – we had thought she would be the one level-headed Biden advisor. But she keeps relentlessly pushing her 15 percent global minimum tax scheme. The idea of the minimum tax is to reduce international competition and harmonize rates among all countries. The hidden objective is to keep taxes high everywhere.
Our friend Dan Mitchell has created this useful cheat sheet:
If you look at the “winners” list you can see why so many democrats support this policy.