{"id":34621,"date":"2021-05-29T14:14:36","date_gmt":"2021-05-29T18:14:36","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=34621"},"modified":"2021-05-29T14:14:36","modified_gmt":"2021-05-29T18:14:36","slug":"globalists-want-to-institute-a-world-wide-tax","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=34621","title":{"rendered":"Globalists want to institute a world wide tax"},"content":{"rendered":"

Good day all. One of the things that the Greatest President of the 21st<\/sup> Century, Donald Trump did was lower the tax rates from the extortionate levels they were at. He also cut the corporate tax rates significantly, which led a lot of companies to move money they had parked overseas back into the United States.<\/p>\n

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This led to massive investments in manufacturing jobs and other business which led to the lowest unemployment rate since records started being kept. This pissed off all the globalists in the Beltway Uniparty. Now that they have Dementia Joe, who never met a tax he didn\u2019t hike or an idea that he wasn\u2019t on the wrong side of, they now see this as the opportunity to screw the United States again. Here are the details from CNBC<\/b><\/a>:<\/p>\n

Corporations around the world should pay at least a 15% tax on their earnings, the Treasury Department said Thursday as part of its push for a global minimum for businesses. <\/b><\/p>\n

The final rate could go even higher than that, according to a Treasury release that said the 15% minimum is a \u201cfloor and that discussions should continue to be ambitious and push that rate higher.\u201d <\/b><\/p>\n

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Currently, thanks to the Trump Tax Reform law, American corporations tax rates went from one of the highest in the world, at 35% down to 21%. When this happened, jobs that the Globalists had spent decades shifting out of the United States started coming back. This made them very unhappy since many of them had been investing in the third world plants. Now they were losing money and \u201cTHIS MUST BE STOPPED! In comes the Fake President.<\/p>\n

Under a proposal from President Joe Biden<\/a>, the tax rate would be lifted to 28%, part of a plan to raise levies on both companies and the highest earners<\/a>. <\/b><\/p>\n

But wait! There\u2019s more!<\/p>\n

But the White House wants to take its tax plans outside the border.<\/b><\/p>\n

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Treasury Secretary Janet Yellen<\/a> has been touting the benefits of a global corporate minimum tax rate<\/a> that she said would discourage companies from relocating domiciles to other countries to cut their tax burdens even though most of their operations are in the U.S. <\/b><\/p>\n

Yellen\u2019s Treasury believes \u201cthat the international tax architecture must be stabilized, that the global playing field must be fair, and that we must create an environment in which countries work together to maintain our tax bases and ensure the global tax system is equitable and equipped to meet the needs of for the 21st century global economy,\u201d the department said in a news release. <\/b><\/p>\n