Biden was a traitor. Everything he did helped China, the EU and every other country but not the US. President Trump is stopping this now.
Here is a thread of what President Trump did to end the Biden disaster for US companies with the EU.
Remember when Janet Yellen signed away American corporate interests to the European Union in 2021? That “global minimum tax” was always a DISASTER waiting to happen.
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— Rod D. Martin (@RodDMartin) January 23, 2025
But Trump’s not having it. TWO executive orders on DAY ONE that basically tell Europe: “Touch our companies, and there will be consequences”
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— Rod D. Martin (@RodDMartin) January 23, 2025
Let me tell you what Trump’s orders actually do:
– Tells Treasury to VOID Yellen’s agreement
– Sets up retaliation against foreign tax grabs
– Protects American businesses6/13 pic.twitter.com/wB9thKwZIB
— Rod D. Martin (@RodDMartin) January 23, 2025
Section 891 lets the US DOUBLE the tax bills of foreign companies whose governments try to squeeze American businesses.
That’s called playing hardball.
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— Rod D. Martin (@RodDMartin) January 23, 2025
Why does this matter? Because this “global minimum tax” was always about:
– Stealing from American companies
– Funding EU bureaucracy
– Killing US competitiveness10/13 pic.twitter.com/tWTk0urKez
— Rod D. Martin (@RodDMartin) January 23, 2025
Fun fact: Every US administration OPPOSED this deal until Biden came along – EVEN OBAMA.
Democrats told you they were now Socialists. They meant it.
Think about that for a minute…
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— Rod D. Martin (@RodDMartin) January 23, 2025
Bottom line: Trump just saved American businesses billions in potential taxes. Europe can either compete fairly or face the consequences.
Game. Set. Match.
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— Rod D. Martin (@RodDMartin) January 23, 2025