Rep. Miller, Colleagues Confront OECD on their Global Socialist Tax Agenda

September 6, 2023

WASHINGTON, D.C. - Congresswoman Carol Miller (WV-01) traveled to France and Germany with members of the Ways and Means Committee to speak to the Organization for Economic Development and Cooperation (OECD) on the dangers of a global minimum tax and how it would devastate the American taxpayer. Congresswoman Miller has voiced strong opposition to this global socialist agenda negotiated by the Biden Administration.

In a meeting with the OECD, the international association coordinating the global tax deal, members of the House Ways and Means Committee made clear that countries that attempt to use the OECD global tax deal to capture American tax revenues and harm our domestic job market can expect retaliation and economic consequences.

“I am from southern West Virginia, and I am a small business owner and as a business owner, two things that always stand out is we want consistency…for Congress, who is the tax-writing body in the U.S. government, the time to engage with this has long passed because there’s very little chance that these kinds of things are going to pass until things are renegotiated and concerns are addressed. The project has gotten out of control, and that the U.S. tax base is becoming more of a golden egg to fund foreign governments… I strongly urge that the OECD puts the brakes on rushing the negotiations and to ensure either the GILTI is grandfathered in or that the guidance around the UTPR [Undertaxed Profits Rule] is drastically scaled back and the U.S. and our companies will not become a source for foreign nations who have driven away competition and innovation through their own draconian domestic policies,” said Congresswoman Miller.

The deal negotiated by the Biden Administration, without consulting Congress, surrenders America’s sovereignty over our tax laws, gives foreign competitors like China an economic advantage, and would cause the United States to forfeit over $120 billion of tax revenue over the next decade. The Biden Administration has no constitutional authority to write U.S. tax laws, and its negotiations at the OECD would allow foreign countries to impose unfair taxes on American workers and make the United States less competitive in the global economy.

Most egregiously, the “UTPR surtax” in OECD Pillar 2 allows foreign countries to tax U.S. businesses on profits earned in the United States, including clawing back key tax incentives like those for conducting research and innovation activities in the U.S.

“I am a small business owner. And as a business owner, I want fairness and I want stability,” said Congresswoman Miller. “If we are making suggestions or rules of how things should be done in the world, how do you know if China’s going to play by the rules? Because they don’t. And so, it’s important to me that we are all on the same page together as we deal with this huge country that would really like to gobble all of us up.”

Joining Congresswoman Miller on this congressional delegation is Chairman of the Ways and Means Committee Jason Smith (MO-08), Representatives Ron Estes (KS-04), Kevin Hern (OK-01), Greg Murphy (NC-03), Michelle Steel (CA-45), Randy Feenstra (IA-04), and Nicole Malliotakis (NY-11).

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