we need a global minimum tax – Sperling, Obama White House

“[Obama] supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, as we have the Buffett Rule and the individual tax reform, we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens,” Gene Sperling, director of the White House’s national economic council said.


I guess the in the United States 47% who pay no taxes are going to see their taxes go up a lot.

So much for the Obama White House not wanting to raise taxes.