Biden Wants 15% Global Corporate Tax, Believes It Will Stop Companies From Leaving Over His 28% Tax

The Democrats and Biden have repeatedly claimed that we need to increase our corporate tax rate here in the US. They have also claimed it must be done because large corporations need to pay their fair share. This is when, even with the Trump tax cuts, the US has the highest tax rate for corporations in the world. Which Trump and the Republicans getting the tax cuts passed caused Big Business to bring more money back to the US even though that is the case.

Now that they control the Presidency, Senate, and House thanks to “election fortification”, the Democrats are looking at their across the board tax increases they want to pass and know that all of us might be a captive audience, but large corporations are not and will flee the increased taxes. Which is why the Biden Administration is trying to pressure other nations to sign on to a minimum global corporate tax rate of at least 15%. They were hoping for a 21% tax rate, but that is not going to fly likely. Even with that, the Democrats and Biden’s handlers actually believe corporations will stay in the US with their increase of the tax rate to 28% if there is a global corporate tax rate of 15%. They believe these corporations will happily pay almost twice what they would in taxes if they left because of the increase. Which goes to show how deluded they truly are.

In this video we take a look at the Democrats and Biden Administration trying to get the rest of the world to rescue them from their failed tax policies.

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