In yet another affirmation of who our country’s “leadership” actually serves, Joe Biden has committed to a 15% global minimum tax, as China seeks to be exempted from the deal.

CNSNews explains the impacts of the global minimum tax:

Large companies with profit margins above 10 percent could be taxed on at least 20 percent of the profit above that 10-percent level in countries where they make sales.

Rep. Kevin Brady (R-Tx) the ranking member of the House Ways & Means Committee, spoke with Fox News on Monday, “This is without question the biggest economic blunder in our lifetimes”.

“This is not, as the president said, a victory for America. It is a surrender.” 

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One Twitter used said what many have been thinking:

Ultimately, Joe Biden hopes to impose a much larger minimum global tax. The proposed 15 percent is said to be just the starting point.

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