Biden: "We Want To Create A Global Minimum Tax" (video)

RealClearPolitics ^ | March 30, 2012 | RealClearPolitics

[i88schwartz]

"For years, American manufacturers have faced one of the highest tax rates in the world. We want to reduce that by over 20%. We want to drop the rate, particularly, for high-tech manufacturers like you, Mr. President, even further than the 20%," Vice President Joe Biden said at a manufacturing plant in Davenport, Iowa this week.

"We want to create a global minimum tax, because American taxpayers shouldn't be providing a larger subsidy for investing abroad than investing at home," Biden said at a campaign event.

[TigersEye]

The staggering thing is that he would be an upgrade.

Yes, in the sense that a broken watch is better than a working watch when it's the timer for a bomb.

[Marine_Uncle]

Things are not going well in America.... :{

[Tolerance Sucks Rocks]

We already have a global minimum tax on money brought home from overseas: 35%, same as money made here. Of course, with deductions and exemptions, it probably comes to considerably less.

[Chode]

hey, joe...

[BenLurkin]

America is being betrayed to her death, and there is nothing anyone can do to stop it.