700,000 Reasons House Ways & Means Republicans Are Distorting Biden Global Corporate Tax Fairness Effort

Today, the Republican-led House Ways and Means tax subcommittee will hold a hearing designed to distort the Biden administration’s executive guidance in support of a global minimum corporate tax rate of at least 15 percent and closing loopholes that let multinational corporations dodge responsibility by basing in tax haven countries. As the subcommittee Republicans prepare their usual, fact-free excuses for why big corporations should not have to pay their fair share, a new analysis from Accountable.US found these members— including Rep. Mike Kelly (R-PA) and Rep. Drew Ferguson (R-GA) — have collected an estimated $700,000 from the 10 largest U.S. multinational corporations, all of which would be affected by the Biden administration’s proposed global tax rules.

Read the report here.