Summers ‘Offended’ by Business Lobbying That Took Out Tax Hikes

Summers ‘Offended’ by Business Lobbying That Took Out Tax Hikes

A new video of Bloomberg Markets and Finance appeared on Youtube on August 12, 2022 and it received a big response from the Internet users.

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For your information, you can find below the description of the video Summers ‘Offended’ by Business Lobbying That Took Out Tax Hikes published by the Youtube channel Bloomberg Markets and Finance:

Former Treasury Secretary Lawrence Summers decried the stripping of a global corporate minimum tax from Democrats’ tax-and-climate change bill, a move that may now mean the collapse of a historic international agreement.

“It’s very sad how much special-interest lobbyists were able to stop things that are clearly in the public interest,” Summers said on Bloomberg Television’s “Wall Street Week” with David Westin. “I am pretty offended by what’s happened here” with regard to businesses lobbying against tax provisions in the legislation, he said.
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