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.”

Time after time, Americans have taken to the streets to defend our constitutional rights, whether it was our livelihood at stake -- or our lives. But, what was the point of all the civil rights movements that came before, if we're about to let the government take our rights away now?

On his Wednesday night special, Glenn Beck argued that Americans are tired of having our rights trampled by "tyrannical" leaders from state and local governments who are ignoring our unalienable rights during this pandemic.

"Our nanny state has gone too far. The men and women in office -- the ones closest to our communities, our towns, our cities -- are now taking advantage of our fear," Glenn said. "Like our brothers and sisters of the past, we need to start making the decisions that will put our destiny, and our children's destiny, back into our hands."

It took less than two months of the coronavirus tyranny to make America unrecognizable, but some Americans are fighting back, risking losing their jobs and businesses or even jail time, as they battle to take back our civil rights.

Here are just a few of their stories:

After New Jersey's Atilis Gym reopened in defiance of the governor's executive order, the Department of Health shut them down for "posing a threat to the public health." Co-owner Ian Smith says somebody sabotaged the gym's toilets with enire rolls of paper to create the public health "threat."

Oregon Salon owner, Lindsey Graham, was fined $14 thousand for reopening. She said she was visited by numerous government organizations, including Child Protective Services, in what she believes are bullying tactics straight from the governor's office.

77-year-old Michigan barber, Karl Manke, refused to close his shop even when facing arrest. "I couldn't go another 30 days without an income," he said. But when local police refused to arrest him, Gov. Gretchen Whitmer's (D) office suspending his business license instead.

Port of Seattle police officer Greg Anderson was suspended after he spoke out against enforcing what he called "tyrannical orders" imposed amid coronavirus lockdowns.

Kentucky mother-of-seven, Mary Sabbatino, found herself under investigation for alleged child abuse after breaking social distancing rules at a bank. After a social worker from child protective services determined there was no sign of abuse, he still sought to investigate why the Sabbatino's are homeschooling, and how they can give "adequate attention to that many children."

Dallas salon owner Shelley Luther was sentenced to seven days in jail after she defied the state-mandated stay-at-home orders to reopen her business.

Watch the video clip from Glenn's special below:


Watch the full special on BlazeTV YouTube here.

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It took less than two months of the coronavirus tyranny to make America unrecognizable. Leaders from state and local governments across the U.S. have flattened the curve of some of our most basic constitutional rights, but some Americans are fighting back — and risking jail time or losing their businesses.

On Wednesday night's GBTV special, Glenn Beck argued that we're witnessing the birth of a new civil rights movement — and it's time to build a coalition of common sense to keep America as we know it free.

Watch the full special below:

Use code GLENN to save $10 on one year of BlazeTV.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multiplatform network of voices who love America, defend the Constitution and live the American dream.

On the radio program Thursday, Glenn Beck sat down with chief researcher Jason Buttrill to go over two bombshell developments that have recently come to light regarding former Vice President Joe Biden's role in the 2016 dismissal of Ukrainian Prosecutor General Viktor Shokin.

"Wow! Two huge stories dropped within about 24 hours of each other," Jason began. He went on to explain that a court ruling in Ukraine has just prompted an "actual criminal investigation against Joe Biden in Ukraine."

This stunning development coincided with the release of leaked phone conversations, which took place in late 2015 and early 2016, allegedly among then-Vice President Biden, Secretary of State John Kerry, and Ukraine's former President Petro Poroshenko.

One of the audiotapes seems to confirm allegations of a quid pro quo between Biden and Poroshenko, with the later admitting that he asked Shokin to resign despite having no evidence of him "doing anything wrong" in exchange for a $1 billion loan guarantee.

"Poroshenko said, 'despite the fact that we didn't have any corruption charges on [Shokin], and we don't have any information about him doing something wrong, I asked him to resign,'" Jason explained. "But none of the Western media is pointing this out."

Watch the video below for more details:


Listen to the released audiotapes in full here.

Use code GLENN to save $10 on one year of BlazeTV.

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To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multiplatform network of voices who love America, defend the Constitution and live the American dream.

A recently declassified email, written by former National Security Adviser Susan Rice and sent herself on the day of President Donald Trump's inauguration, reveals the players involved in the origins of the Trump-Russia probe and "unmasking" of then-incoming National Security Adviser, Gen. Michael Flynn.

Rice's email details a meeting in the Oval Office on Jan 5, 2017, which included herself, former FBI Director James Comey, former Deputy Attorney General Sally Yates, former Vice President Joe Biden, and former President Barack Obama. Acting Director of National Intelligence, Richard Grenell, fully declassified the email recently amid President Trump's repeated references to "Obamagate" and claims that Obama "used his last weeks in office to target incoming officials and sabotage the new administration."

On Glenn Beck's Wednesday night special, Glenn broke down the details of Rice's email and discussed what they reveal about the Obama administration officials involved in the Russia investigation's origins.

Watch the video clip below: