Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

LiberalArkie

(15,686 posts)
Tue May 18, 2021, 02:50 PM May 2021

Yellen pushes higher taxes, stronger unions, more global competition to U.S. Chamber

Source: CNBC

PUBLISHED TUE, MAY 18 2021 9:45 AM EDTUPDATED 49 MIN AGO

Treasury Secretary Janet Yellen called on Tuesday for business leaders to pay higher taxes to support government stimulus spending, and backed stronger labor unions and lowering barriers to foreign competition.

In a speech to the U.S. Chamber of Commerce, Yellen reiterated the White House’s intent to raise taxes on corporations and the highest earners as part of an ambitious infrastructure spending plan.

The administration also is seeking a global corporate minimum tax in an effort to stop companies from relocating their bases to avoid higher levies at home.

“With corporate taxes at a historical low of one percent of GDP, we believe the corporate sector can contribute to this effort by bearing its fair share: we propose simply to return the corporate tax toward historical norms,” Yellen said in prepared remarks for the Chamber’s Global Forum on Economic Recovery.

Snip

Read more: https://www.cnbc.com/2021/05/18/yellen-pushes-higher-taxes-stronger-unions-more-competition-to-us-chamber.html

2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Yellen pushes higher taxes, stronger unions, more global competition to U.S. Chamber (Original Post) LiberalArkie May 2021 OP
SEC Yellen: "we propose simply to return the corporate tax toward historical norms," Budi May 2021 #1
HELL NO to more 'foreign competition' The Mouth May 2021 #2
 

Budi

(15,325 posts)
1. SEC Yellen: "we propose simply to return the corporate tax toward historical norms,"
Tue May 18, 2021, 02:53 PM
May 2021

The administration also is seeking a global corporate minimum tax in an effort to stop companies from relocating their bases to avoid higher levies at home.

With corporate taxes at a historical low of one percent of GDP, we believe the corporate sector can contribute to this effort by bearing its fair share: we propose simply to return the corporate tax toward historical norms,” Yellen said in prepared remarks for the Chamber’s Global Forum on Economic Recovery.
********

Bravo!

The Mouth

(3,123 posts)
2. HELL NO to more 'foreign competition'
Tue May 18, 2021, 03:47 PM
May 2021

AKA driving American wages down to the lowest wage that anyone, anywhere in the world will work for .

Screw that!

Latest Discussions»Latest Breaking News»Yellen pushes higher taxe...