It was a simple idea: Major U.S. corporations should pay at least a 15 percent tax on their income, ending an era when some of the country’s most profitable firms owed the federal government little or nothing at all.
Washington Post: Biden Wants Rich Companies to Pay Higher Taxes. Some Are Fighting Back.
media mentionInstead, the policy championed by President Biden remains bogged down in Washington amid growing legal uncertainty — and a barrage of fierce lobbying by companies that don’t want to foot the bill.