Biden’s Minimum Tax Would Undo Trump Tax Cuts: Republican Brady

A 15% minimum tax on corporate profits would effectively reverse the 2017 tax cuts, says Republican Representative Kevin Brady.

• “It is a reversal of the incentives of the Tax Cuts and Jobs Act that drove a surge of investment in the U.S.,” according to Brady, the top Republican on the Ways and Means Committee, which has authority over taxes
• NOTE: Republicans have said they won’t allow a reversal of those cuts
  • Biden Floats 15% Minimum Corporate Tax in Talks With GOP (2)

To contact the reporters on this story:
Brody Ford in New York at bford61@bloomberg.net;
Laura Davison ...