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.
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 businessesIt 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"
Democrats thought they could sneak this through Congress. Spoiler alert: THEY FAILED. Congress never backed the changes needed to make this work.
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
The real kicker? Trump's bringing out the NUCLEAR OPTION: Section 891 of the tax code. Never heard of it? You're about to... Section 891 lets the US DOUBLE the tax bills of foreign companies whose governments try to squeeze American businesses. That's called playing hardball.
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.
Why does this matter? Because this "global minimum tax" was always about: - Stealing from American companies - Funding EU bureaucracy - Killing US competitiveness
The TRUTH? Europe's economy is struggling, and instead of fixing their own problems, they wanted to raid American success stories.
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...
Bottom line: Trump just saved American businesses billions in potential taxes. Europe can either compete fairly or face the consequences. Game. Set. Match.
