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Tell Congress To Oppose Biden’s Globalist Tax Treaty

Far Left Globalist President Joe Biden and his Treasury Secretary Janet Yellen have agreed to what amounts to a treaty to raise taxes on American corporations to eliminate the competitive advantage our current tax system bestows upon domestic job creators.

Reuters reports a group of 136 countries on Friday set a minimum global tax rate of 15% for big companies and sought to make it harder for them to avoid taxation in a deal that Biden said, “leveled the playing field.”


The United States has had a 10.5% minimum tax since the end of 2017, so it is a matter of raising the rate to conform with the agreement said Biden administration officials.


Just so we’re clear – “leveled the playing field” in this context means raising taxes, which takes away an American advantage, so it is not Americans, but foreign competitors who benefit from the more “level playing field.”


Fox Business reports the deal is designed to target corporations that employ a litany of tactics to reduce their tax liability, often by shifting profits, and revenues, to low-tax countries, such as Bermuda, the Cayman Islands or Ireland, regardless of where the sale was made. The practice by American and foreign multinationals costs the U.S. tens of billions of dollars each year, according to the Treasury Department.


Once again, just so we’re clear – “costs the U.S. tens of billions of dollars each year” means returns tens of billions of dollars to investors, instead of giving it to the government to squander.


Treasury officials and tax experts have said that the global minimum tax would not require a treaty to implement and could be achieved in the reconciliation bill because it is a voluntary agreement among countries to individually impose a minimum tax on overseas earnings of corporations.


Treasury officials have said they regard the global minimum tax as less controversial than a higher overall corporate tax rate or a higher capital gains tax, because it puts the United States on a more competitive footing with other countries, but how raising taxes helps American companies compete remains unexplained.


Reuters reports Senate Republicans have argued that this deal would require a new international tax treaty that would require ratification with a two-thirds Senate majority.


Republican senators told Yellen in a letter they were concerned the Biden administration was considering circumventing the need to obtain the Senate's authority to implement treaties.


Under the Constitution, the Senate must ratify any treaty with a two-thirds majority, or 67 votes. Biden's fellow Democrats control only 50 seats in the 100-member chamber. As Reuters observed in its coverage, Republicans in recent years have been overwhelmingly hostile to treaties and have backed cuts in corporate taxes.


Yellen told a Senate Banking Committee hearing in late September that the administration was instead considering alternative means to modify existing bilateral tax treaties that would avoid a two-thirds majority vote, and it looks like Biden and Yellen intend to proceed without taking the de facto treaty to the Senate.


Countries are expected to make the agreement law by 2022 so that the tax can go into effect by 2023.


In the U.S., updating the tax law will require legislative approval by Congress – a feat that still faces an uphill trek to passage, noted Fox Business. The House and Senate will need to pass a bill raising the minimum tax on companies' overseas profits to 15% from the current rate of 10.5%. Democrats are planning to include the increase as part of their mega party-line tax-and-spending package that will be passed in the behemoth reconciliation bill, which will allow Democrats to bypass a Republican filibuster, but that strategy also puts the entire political load of raising taxes on vulnerable Democrats who are up for reelection in 2022 and 2024.


The toll-free Capitol Switchboard (1-866-220-0044), we urge conservatives to call their Senators and Representative – tell them you oppose raising taxes to make the U.S. less competitive and that this globalist tax agreement is a treaty that must be submitted to the Senate for ratification.


  • Globalist tax

  • Corporate tax rates

  • Treasury Secretary Janet Yellen

  • Joe Biden agenda

  • Minimum Global Tax rate 15%

  • Bermuda

  • Low tax countries

  • Cayman Islands

  • Ireland

  • Reconciliation Bill

  • International Tax Treaty

  • Senate ratification

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7 Comments


Charles Wilkins
Charles Wilkins
Oct 14, 2021

Talked with Hunter we have agreed we are not going to piss away our ill gotten gains by paying taxes on them, besides we will need the money to pay the higher fuel and heating cost this winter, HOW YOU LIKE MY WE HATE TRUMP ENERGY POLICIES? The great joe biden energy policy is here, get ready to chop the front door down to stay warm this winter,Joe Biden's energy policy, we hate Trump, won't keep you warm, more shortages, more inflation, more taxes, more illegal aliens, higher gas and gsoline prices, If you were hoping to 'heat your hom' this winter without going broke, Joe Biden has terrible news for you. Thanks to Biden's horrible energy policies, the U.S.…

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Treasury officials and tax experts have said that the global minimum tax would not require a treaty to implement and could be achieved in the reconciliation bill because it is a voluntary agreement among countries to individually impose a minimum tax on overseas earnings of corporations.


Well, if it's so voluntary, then corporations should only pay it voluntarily if they feel like it. What is it with these dictators that they refuse to call a treaty a treaty and have it properly voted on by the Senate? We know the answer to that. It's just one more method they can use to undo the Constitution and impose their own Marxist regime. We can't let them do that.

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LARRY HYAK
LARRY HYAK
Oct 13, 2021

There is no Biden win here, the Fraud has done nothing to gain favor nor has he done anything right or caused us to have any benefit without major penalty...._UCK JOE BIDEN...ect, ect....

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rosie16
rosie16
Oct 13, 2021

Grounds to impeach Joke Biden #9,999. Let's Go Brandon.

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Charles Wilkins
Charles Wilkins
Oct 13, 2021

THE PUBLIC IS BECOMING MORE AND MORE AWARE BIDEN CAN'T GOVERN, Biden Policies are archaic, as he is dolt, his policies are as he is, not in tune with the times, or advantage to the American people.like I said before a million times over fake election, fake president, joe biden and company, hold your nose the bidens are around, name one thing you done right since being in office? joe there is a difference for being an actor and a liar, you fxxxed up on both sides of that coin, this is sick, hope that Taliban aid will be coming from the bidens art sales, said yesterday White House looking to hire "stage hands", should have said stage hands "actors…

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