President Biden should abandon his failed "go-it-alone approach"
Texas Insider Report: WASHINGTON, D.C. – "If the European Union is already hitting roadblocks, no one should expect countries like China to implement this deal anytime soon," said House Ways & Means Republican Leader Rep. Kevin Brady (R-TX) and Senate Finance Committee Republican Leader Sen. Mike Crapo (R-ID), as the Organization for EconomicCo-operation & Development's (OECD) negotiations stalled once again over its "Global Minimum Tax" framework:
"European Union (EU) finance ministers have again failed to agree on the Global Minimum Tax, further evidence that the Biden Administration was premature in taking a victory lap on the OECD Agreement.
"The Biden Administration has neglected to consult with Congress in this process, and the result is a bad deal for American businesses and workers.
"The Biden Administration should abandon its failed go-it-alone approach and work with Congress to negotiate a deal that protects U.S. economic strength."
