Bad for Business: OMB wants a global minimum tax

Ready for a new tax? White House Budget Director Jeff Zients is—he thinks we need a global minimum tax. You know… so nobody is escaping from their “fair share.”

Fair share? Hardly. As Pat put it, “Their fair share is a race to the bottom.”

Stu also pointed out, “…they never suggest a global maximum tax. It’s always ‘everyone should pay more’ or, at least—there should be some limit at some point of the minimum you should pay. I’d like someone to suggest the opposite at some point.”

One has to wonder if progressives ever really think through these brilliant ideas of theirs. For instance, Pat would like to know, “who administers a Global Minimum Tax? To whom is the tax paid, and where does it go? How is it distributed? Who collects it?”

All good questions considering there is no global entity to collect or enforce a global tax, unless you give that power to the U.N., which sounds like a horrible idea. Is that what progressives are trying to do?

Stu tried to give him the benefit of the doubt by suggesting that Zients may be referring to global in a since of “over the entire sort of sphere of income. Everything needs to be taxed as a minimum rate. Which of course is still horrible. But I was thinking maybe he's not thinking of an entire tax in Malaysia and you're being taxed in some global that goes somewhere yet to be determined. I was going to come up with a thing he didn't say that.”

Pat quickly pointed out that in the President’s speech yesterday he seemed to clarify by describing the tax as a basic minimum tax on multinational companies, to keep companies doing business in America. And while this may sound good, it won’t work. This tax would keep multinational companies from bringing their businesses here. Who is going to willingly penalize themselves for bring a factory, jobs, products, capitol, to our country?

“Think of a company that is doing business overseas, and they are bringing in the majority of their income overseas, and they might be in a country that has a lower tax environment than here. Like any other country in the world with corporate taxes going to be a better situation for them. And now when they want to come and invest in the United States build, a new factory for local distribution, whatever. Under the system they would have to come back into the country, and pay this global minimum tax,” Stu said. “They'd have to pay taxes on income they're earning in another country. What it does is discourage companies from bringing the money here. And it's just like tax it's like a tariff. You're increasing costs of doing business in the United States. You're increasing the cost of hiring people in the United States. And we already know that the people in the United States make much more money than anybody in the world. It's hurting the economy here. It does not seem to be a concern of this President.”

The crisis at the border continues to worsen, with the U.S. Border Patrol recently releasing some shocking statistics that illuminate just how bad the situation has become. But Texas Governor Greg Abbott (R) is doing everything he can to prevent any additional unlawful crossings into the Lone Star State.

Abbott joined Glenn Beck on the radio program Wednesday to describe recent action he has taken to ensure that those who do cross into Texas illegally know they came to the "wrong state."

After noting that both President Joe Biden and Vice President Kamala Harris "have completely abandoned post as it concerns the Texas border," Abbott explained how "Texas is stepping up" to combat the flood of dangerous gangs and cartels, human traffickers and drugs he says are pouring into border communities.

"Beginning in March, I deployed a thousand Texas Department of Public Safety officers to the border. I deployed the National Guard to the border. And they made well over a thousand arrests of some of these criminals we talked about. They've apprehended more than 33,000 illegal immigrants coming across the border." Abbott said. "But because of the way the Biden administration has abandoned the border, we are now elevating our game. What I did yesterday, in response to more than a dozen counties along the border ... I granted their request for a disaster declaration," he added.

Abbott went on to describe how his disaster declaration gives Texas the authority to toughen penalties for lawbreakers, including criminal trespassing, smuggling, and human trafficking.

"We're going to begin arresting everybody coming across the border and charging them with criminal trespass and putting them in jail. They are coming in here, thinking they'll get the Biden free-ride, and go wherever they want to go. Not in the state of Texas. We'll start arresting them right and left, and putting them behind bars, and saying they came in to the wrong state."

Asked by Glenn if he is prepared for the inevitable "media onslaught", Abbott simply answered, "We're prepared to see a reduction in the number of people coming across the border — because Texas is enforcing the law, period."

Watch the video clip below for more:


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California has gone to hell. Homelessness and violence have spiked. Civil liberties and businesses have been destroyed in the name of "COVID safety." Children have been brainwashed with racist critical race theory. And yet, Democrats want to use California as the test model for the entire country. Your state and your town are next. They want their FAILURE to become YOUR FUTURE.

Dave Rubin, host of BlazeTV's "The Rubin Report," moved to Los Angeles about a decade ago. In that time, he's watched it descend into absolute chaos. While most of his news and comedy friends have fled, Dave tells Glenn Beck why he's riding it out and how the rest of the country must save itself from progressive policies and "evil" governors like Gavin Newsom — or else the great American experiment will be over.

Watch the full episode below:

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Just like the left did in Georgia, Democrats and the media are now insisting that Texas' new proposed voting laws are a racist threat to democracy. But this time, instead of actually letting democracy play out through a vote, Democrats in the state legislature walked out and stopped the democratic process.

On the radio program Tuesday, Glenn Beck and Stu Burguiere take a look at the voting bill — which Democrats say is racist because it keeps early voting polls closed on Sundays until 1 o'clock to allow for poll workers to attend church — and explain why they believe the backlash is just another ridiculous display of hypocrisy from the left.

Watch the video below for more:

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Ever since he was in high school, Rishi Sharma has dedicated his life to making sure that the stories of our World War II veterans are never forgotten. He's spent countless hours interviewing these men and documenting their firsthand experiences on his YouTube channel, "Legends of WWII" — and the timing couldn't be any better.

Rishi joined Glenn Beck on the radio program to warn that "they don't teach World War II in school any more, and what they do cover is 'brainwashing' young Americans to "hate our country, to hate our veterans, and our way of life."

"I can honestly tell you they don't teach World War II in school anymore. What they do cover is how 'bad' the U.S. was," Rishi told Glenn.

"I mean, people are being brainwashed nowadays. The younger generations are being brainwashed to hate our country, to hate our veterans, and our way of life. It's not right, and I don't want to see it happen any further. That's why I'm recording these stories of what these veterans actually went through, the atrocities that they came across. Whoever has that footage, is going to be able to control the narrative."

Rishi went on to share some of the shocking accounts of what really went on during WWII, which he learned through interviewing more than 1,100 veterans, and the devastating results of anti-American propaganda both then and now.

Watch the video clip below for more details, because we need these firsthand accounts now more than ever to teach our kids the truth:

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