Rob Portman

@senrobportman ↗

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Last Checked Sept. 13, 2022

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Fri Aug 05 15:18:23 +0000 2022

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Rob Portman @senrobportman

Along with a majority of America’s competitors, China has no book minimum tax. — PolitiTweet.org

Posted Aug. 5, 2022

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Rob Portman @senrobportman

The Joint Committee on Taxation estimates that nearly 50% of this new “book tax” would fall on manufacturers—the effects of which could prove devastating. China currently has more than a quarter of the world’s manufacturing. — PolitiTweet.org

Posted Aug. 5, 2022

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Rob Portman @senrobportman

Imposing this new tax on U.S. companies, and restricting certain U.S. manufacturers from writing off investment costs immediately, would make America less competitive and drive investment and jobs overseas. — PolitiTweet.org

Posted Aug. 5, 2022