Corporate Minimum Tax: A Globalist Agenda

Government overreach in Inflation Reduction Act

Senate Majority Leader Chuck Schumer (D-N.Y.) speaks during a news conference about the Inflation Reduction Act outside the U.S. Capitol in Washington on Aug. 4, 2022. Drew Angerer/Getty Images

Commentary

The Inflation Reduction Act, approved by both houses of Congress and signed into law by President Joe Biden, includes a 15 percent corporate minimum tax, which will be a major step toward increased government powers and forced globalization, on top of being detrimental to the economy.