On Senate Floor, Sen. Portman Highlights How Democrat Tax Proposals Will Make America Less Competitive and Violate Taxpayer Privacy
October 26, 2021
October 26, 2021
WASHINGTON, Oct. 26 -- Sen. Rob Portman, R-Ohio, issued the following news release on Oct. 25, 2021:
For the sixth consecutive week, Senator Portman came to the Senate floor to criticize Democrats' proposals to raise taxes to fund their reckless reconciliation bill.
Portman first highlighted how Democrats want to raise taxes on foreign earnings by U.S. companies by hiking the global intangible low-taxed income (GILTI) rate. Currently, the GILTI rate is 13.125 perce . . .
For the sixth consecutive week, Senator Portman came to the Senate floor to criticize Democrats' proposals to raise taxes to fund their reckless reconciliation bill.
Portman first highlighted how Democrats want to raise taxes on foreign earnings by U.S. companies by hiking the global intangible low-taxed income (GILTI) rate. Currently, the GILTI rate is 13.125 perce . . .