Two weeks ago, we told you some United Nations leaders were considering a proposal for a world tax to fund "social protection." And now there's video of a White House adviser saying "we need a global minimum tax."
The video, from Monday, features Gene Sperling, the director of the White House Economic Council, speaking at a meeting about the budget being televised by CSPAN. From the video, he seems to be talking about what the president supports. Here's what he had to say:
“He [presumably the president] supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, as we have the Buffett Rule and the individual tax reform, we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens." [Emphasis added]
He went on to talk about giving more details in the future. Watch below:
(H/T: Weekly Standard)