In Paris, Ways and Means Republicans Caution European Officials Against Rubber Stamping Biden Global Tax Surrender
Press Release
Issues: Taxes Foreign Affairs
"I guess what we're hearing today and I'm using JCT -- this isn't a partisan number -- but it's either $60 billion we're going to lose, or up to $120 billion. And by the way, the best-case scenario is that we adopt Pillar Two, and everybody else does not -- which we know, that's not going to happen. So I guess my question is, is it our understanding that our representative to the OECD is perfectly okay with changing a tax policy that at the bare minimum removes $60 billion of U.S. tax dollars from the U.S. economy and sends them around the world. Is that what we're hearing?"
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