92 online
Most Popular Choices
Share on Facebook 40 Printer Friendly Page More Sharing
OpEdNews Op Eds    H2'ed 7/21/22

How global corporations are using white Christian nationalism

By       (Page 1 of 2 pages)   No comments
Follow Me on Twitter     Message Robert Reich
Become a Fan
  (130 fans)

Reprinted from robertreich.substack.com


Today I want to connect some dots. What do congressional Republicans, Joe Manchin, and Hungary's Viktor Orban have in common? They all oppose the Biden administration's proposed global minimum corporate tax "- designed to stop corporations from playing one country against another in a worldwide race to the tax bottom.

The reason for Manchin's opposition? As he told a West Virginia radio host on Friday, other countries have yet to adopt the tax and he doesn't want to put American companies at a competitive disadvantage.

This, my friends, is utter baloney. More than 100 other countries have already agreed to the global minimum tax, including all European Union members except Hungary. It's the United States that's the laggard.

The reason for Hungary's opposition? As Hungary recently revealed, Republicans in Congress secretly asked Hungary to block it. (Each country in the European Union has veto power over the bloc's tax agreements.) Top Republicans in the House Ways and Means Committee even sent a letter to the Hungarian ambassador to the U.S., thanking him for Hungary's help.

Think about it. One of America's two political parties has been in cahoots with Europe's most authoritarian government, to allow global corporations based in the United States to avoid paying ever more of what they owe the United States.

It's jaw-dropping. Republicans who march under the banner of nationalism "- "American first," "control our borders," "Make America Great Again" "- eagerly conspire with foreign governments to make America's borders even more porous to global capital and deprive America of needed tax revenue. While they criticize supposed "global elites" that have "hollowed out" America's heartland, they connive with global elites to make them even richer.

Missouri Republican Senator Josh HawIey "- who fist-bumped January 6 rioters at the Capitol "- relishes attacking what he calls "the cosmopolitan economy" of global corporations that "move jobs and assets overseas to chase the cheapest wages and pay the lowest taxes." Yet Hawley opposes the global minimum tax. "I don't know that it'll really work," he says, "so I'm skeptical about it."

We're way beyond hypocrisy here. We're in a realm of duplicity that should make even a Trump blush.

(Image by Robert Reich)   Details   DMCA

Next Page  1  |  2

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Rate It | View Ratings

Robert Reich Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at www.robertreich.org.

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Trump Cornered

The Republican's Big Lies About Jobs (And Why Obama Must Repudiate Them)

Paul Ryan Still Doesn't Get It

What Mitt Romney Really Represents

What to Do About Disloyal Corporations

The Gas Wars

To View Comments or Join the Conversation:

Tell A Friend