Vice President Joe Biden has been in and out of the news lately for several comments he has made while on the campaign trail. And it appears a little something may have slipped under the radar.
While speaking to a crowd in Davenport, Iowa, on Wednesday, Vice President Biden said the Obama administration wants to create a “global minimum tax.”
“So, folks…don‘t tell me that America can’t make things anymore; can’t compete in the world market anymore; can’t lead the world again any more. We will lead the world again in every aspect of the economy,” the Vice President said.
He continued [emphasis added]:
And, folks, we’ve already begun. You’ve begun — not me — you’ve begun, and we’re not done. For years, American manufacturers have faced one of the highest tax rates in the world. We want to reduce that by over 20 percent.
We want to drop the rate particularly for high-tech manufacturers like you, Mr. President, even further than the 20 percent. We want to create what’s called a global minimum tax, because American taxpayers shouldn’t be providing a larger subsidy for investing abroad than investing at home.
“Look, we want to end and we want to end it right now, the practice of getting a tax break, which you saw happen here in Iowa for dismantling a factory, floor to ceiling, and shipping it abroad and getting a moving expense to go abroad,” the Vice President said.
Obama and Biden are just pissed off because GM’s plan to quit manufacturing in the USA has leaked out.
Yeah, we bailed them out and saved union jobs.
But it was a gravy train built on air.
Those unionistas are going to all be unemployed as soon as GM starts the switchover.
BIDEN think the PEOPLE ARE DUMMY, he will become the joker of the FARCE, IN NOVEMBER,
AND IT WILL COME FROM THE PEOPLE HE THINK THEY CANNOT THINK,