Treasury Secretary Janet Yellen said Sunday that she is confident that the Democrats’ budget will include a global minimum tax for corporations just days after nearly 140 countries endorsed the measure.
“I am confident that what we need to do to come into compliance with the minimum tax will be included in a reconciliation package,” Treasury Secretary Janet Yellen told ABC News on Sunday. “I hope that it will be passed and we will be able to reassure the world that the United States will do its part.”
Though the United States and 135 other countries signed the agreement, each nation must pass its own legislation to enact the minimum tax rates. Democrats are currently crafting the budget, a spending package that would reshape the social safety net, but the process has slowed by disagreements between the party’s moderate and left wings.
Monday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed all-star panelist Crom Carmichael in studio who explained the tax rate structures and the imposition of a wealth tax on billionaires and millionaires as proposed by Senator Elizabeth Warren.
Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed the original all-star panelist Crom Carmichael in studio to weigh in on Biden’s cronyism and priorities that do not favor middle-class Americans.
Friday, a Wake County Superior Court judge’s ruling involving state constitutional amendments has left half of North Carolina’s voters disenfranchised. Superior Court Judge George Bryan Collins, Jr. ruled that two out of four state constitutional amendments passed by North Carolina voters in 2018 were illegal because the state legislature was…