President Joe Biden’s (D) Council of Economic Advisers Chairwoman Cecilia Rouse had some very instructive things to say on Fox News Sunday last weekend.
One was this:
The idea is to make sure that corporations are paying their fair share, to button up some of the loopholes, which have meant more corporations were actually putting more money offshore—off of US soil—and having a global minimum tax so that we’re working with the rest of our trading partners, so that we’re working with the rest of the world so that corporations are paying their fair share worldwide[.]
Couple things on this. One is that business of “paying their fair share.” Once again, a Progressive-Democrat declines to say what that “fair share” is, leaving us to conclude that “fair share” to Party is “more” until Government is getting all of it.
Sadly, too, Fox News Sunday‘s host Chris Wallace chose not to ask her what she considered to be that fair share, choosing instead to let that slide.
Another instructive remark from the FNS segment was this one by Rouse.
Yes, internationally we don’t want to be disadvantaged, so he’s also working with other countries so that we have a minimum tax internationally so there’s not a race to the bottom.
This is another example of the Progressive-Democratic Party politicians pushing us to be more like the European Union. Every nation must charge high taxes with no economic competition among the nations to attract real innovation, real business, real economic activity which can only redound to the citizens of each nation.
Rouse, like the administrative state running the EU from Brussels, insists that a tax rate race to the bottom, a race to leave ever more money in the hands of the folks working to earn that money, is somehow a bad thing.
And that flows from a third instructive Rouse statement.
What we’ve seen over the past several decades is that the wealthiest Americans, the big corporations are getting wealthier, and they’re contributing less in terms of federal revenue[.]
“[I]n terms of federal revenue.” Because it’s not Americans’ money, it’s not (big) corporations’ money, it’s Government’s money. Never mind that Party (nor Republicans nor Conservatives) have for far too long, justified Government’s claimed need for the money.