Proposed global minimum tax faces tough hurdles, in the U.S. as overseas

Jun 7, 2021
An agreement by the G-7 to set minimum levels of corporate tax will need ratification by governments and, closer to home, faces an uphill battle in Congress.
U.S. Treasury Secretary Janet Yellen at the G7 Finance Ministers Meeting in London on June 5, 2021.
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Companies might have raised wages even if tax reform never passed

Jan 11, 2018
Walmart is raising wages, but that might have less to do with taxes and more to do with the labor market.
Walmart employee Anna Hines walks through the parking lot of a Walmart in Chicago, Illinois.
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What the tax bill means for economic mobility

Dec 22, 2017
It's "going to increase our black-white wealth gap," says professor Dorothy Brown of Emory University.
From left, Senate Majority Leader Mitch McConnell, a Republican from Kentucky, and Senate Finance Committee Chairman Orrin Hatch, a Republican from Utah, arrive at a press conference after the Senate passed the tax reform bill today in Washington, D.C.
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Corporate tax cuts: "a heist" or a way to raise wages?

Nov 17, 2017
Two economists with opposing views explain the potential impact on workers of the corporate tax cuts in the Republican tax plan.
Members of Congress participate in the House Ways and Means Committee markup of the Republicans' tax reform plan.
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A corporate tax cut and jobs might not go hand in hand

Nov 9, 2017
The Trump administration has said that high corporate taxes in the U.S. drive jobs overseas so, in theory, cutting taxes will bring back jobs, or create new ones. But, lower corporate taxes are not at the top of the list for many companies when deciding where to locate a workforce. Click the audio player above […]