Stop the global tax!
Multilateralism was supposed to be the great theme of the Biden presidency. No longer would the US plow its lonely furrow. Instead it would engage with the rest of the world on matters of mutual interest. Where, though, does that fit with the attempt by treasury secretary Janet Yellen today to try to set a minimum level of corporate income tax for the whole world to whole world to observe? The US is no longer withdrawing from international agreements, as it did in Trump’s day — it is doing something far more objectionable, by trying to lay down American rules for the rest of the world to follow.