Here Are All The "Technical Obstacles" Standing In The Way Of Global Corporate Tax Deal

While Democrats largely support Yellen's effort, with so many obstacles, it's impossible for Biden to bank on this as he prepares to raise taxes. But since he has already committed to the spending, it's likely that the Administration will proceed anyway, abandoning its promises to offset new spending with taxes, and ultimately allowing the Fed to monetize the bulk of the spending, which could create problems since the central bank might finally be forced to start raising interest rates before then.

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