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Every nation must be afforded the right to defend its territorial and economic sovereignty and the interests of its citizens. The global tax deal negotiated by the Biden administration at the Organization for Economic Co-operation and Development (OECD) would violate that right and cede American sovereignty to a faceless and unaccountable international bureaucracy.
For any administration to put other nations’ best interests, including those of Communist China, ahead of what’s best for the American people is reckless and unconscionable.
That is why my Republican colleagues on the Ways and Means Committee and I have introduced the Defending American Jobs and Investment Act to correct the Biden administration’s mistakes and prevent foreign nations from infringing on our sovereignty. This legislation stands up to potential attack by foreign countries to protect American workers, businesses, and our economic competitiveness.
