White House Economic Adviser: "We Need A Global Minimum Tax"

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President Obama unveiled his plan to implement a “global minimum tax” Wednesday.

“From now on every multinational company should have to pay a basic minimum tax. And every penny should go towards lowering taxes for companies that choose to stay and hire in the United States of America,” said President Obama.

The White House National Economic Council Director, Gene Sperling,  Monday called for a global minimum tax “to ensure that nobody is escaping doing their fair share.”

 “We will say more, perhaps not in gory detail, but in more detail, before the end of the month. And in terms of the revenues, the president is looking for shared sacrifice,” said Sperling.