Biden Admin’s Treasury Secretary Janet Yellen pushes higher taxes, stronger unions, more global competition.
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Treasury Secretary called on Tuesday for business leaders to pay higher taxes to support government stimulus spending.
- In a speech to the U.S. Chamber of Commerce, Yellen reiterated the White House’s intent to raise taxes on corporations and the highest earners as part of an ambitious infrastructure spending plan.
- The administration also is seeking a global corporate minimum tax in an effort to stop companies from relocating their bases to avoid higher levies at home.
SOURCE – CNBC
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