Remember when Janet Yellen signed away American corporate interests to the European Union in 2021? That "global minimum tax" was always a DISASTER waiting to happen.Can someone please do the thread thing with these for this of us without X? Thanks
2/13
The deal was a disaster for America:
- It's a 15% MINIMUM global tax rate
- Prevents future Presidents from cutting taxes
- Targets US companies
- Lets EU countries RAID American businesses
It was a complete SELL-OUT of American sovereignty.
But Trump's not having it. TWO executive orders on DAY ONE that basically tell Europe: "Touch our companies, and there will be consequences"
4/13
Democrats thought they could sneak this through Congress. Spoiler alert: THEY FAILED. Congress never backed the changes needed to make this work.
5/13
Let me tell you what Trump's orders actually do:
- Tells Treasury to VOID Yellen's agreement
- Sets up retaliation against foreign tax grabs
- Protects American businesses
6/13
The real kicker? Trump's bringing out the NUCLEAR OPTION: Section 891 of the tax code. Never heard of it? You're about to...
7/13
ection 891 lets the US DOUBLE the tax bills of foreign companies whose governments try to squeeze American businesses.
That's called playing hardball.
8/13
The Europeans are PANICKING. They thought they had a done deal with Biden's team. Now their whole tax scheme is falling apart.
Trump WON'T let them tie down America like a bunch of Lilliputians.
9/13
Why does this matter? Because this "global minimum tax" was always about:
- Stealing from American companies
- Funding EU bureaucracy
- Killing US competitiveness
10/13
The TRUTH? Europe's economy is struggling, and instead of fixing their own problems, they wanted to raid American success stories
11/13
Fun fact: Every US administration OPPOSED this deal until Biden came along - EVEN OBAMA.
Democrats told you they were now Socialists. They meant it.
Think about that for a minute...
12/13
Bottom line: Trump just saved American businesses billions in potential taxes. Europe can either compete fairly or face the consequences.
Game. Set. Match.
13/13