U.S. Treasury Secretary Janet Yellen calls for minimum global corporate income tax

This only tells you what a 74 year old fool this former Harvard University professor is! I blogged here, here, and here about her going back to 2014! It also tells you that the 46th President of the United States is really cognitively impaired.

This is all about Big Government spending a la outdated economist John Maynard Keynes!

First of all as any economist knows except Ms. Yellen, companies do not pay taxes! Only customers, employees, governments (as e.g. customers) etc. pay corporate income taxes!

"As part of his infrastructure plan, President Biden is proposing to raise the federal corporate tax rate from 21 percent to 28 percent and broaden the corporate tax base. The administration projects the plan would raise $2 trillion over 15 years.

The CBO currently projects corporate tax revenues will be $3.5 trillion over the next decade. So Biden’s plan over its first decade would roughly increase corporate tax revenues 38 percent. ..."

What country would be so foolish to follow the cognitively impaired 46th President of the United States and Ms. Yellen's follies!

Yellen calls for minimum global corporate income tax

Biden Corporate Tax Increase