White House Economic Adviser: 'We Need a Global Minimum Tax'

Gene Sperling, director of the White House's national economic council, said today at an official meeting that "we need a global minimum tax":

β€œHe supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, as we have the Buffett Rule and the individual tax reform, we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens," Sperling said.