Quotes from the news wire:
We're working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom. Together, we can use global minimum tax to make sure that the global economy thrives, based on a more level playing field in the taxation of multinational corporations and spurs innovation, growth and prosperity, competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids.
I will be focused from day one on providing support to America's workers and to small business, putting into effect as quickly and efficiently as I can the relief in the bill that was already passed and then, over time, working for a second package that I think we need to get through these dark times before the vaccination program enables us to go back to life as we knew it.
Neither the president-elect, nor I, propose this relief package without an appreciation for the country’s debt burden. But right now, with interest rates at historic lows, the smartest thing we can do is act big, i believe the benefits will far outweigh the costs, especially if we care about helping people who have been struggling for a very long time.
I really think it is not a desirable thing for a president to comment so explicitly on The Fed policy, obviously, presidents can speak out if they choose to and give their opinions about policy, there's no law against that, but I don't think it's wise and I do think The Fed has a strong reputation for acting in an independent and non-political way and I would not like to see that reputation damaged.
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