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Democrats Ask Yellen to Reject Lobbying on Minimum Corporate Tax

  • Treasury has yet to say how the new tax would be implemented
  • Companies have been seeking exceptions, modifications to levy
Janet Yellen
Janet YellenPhotographer: Al Drago/Bloomberg

Congressional Democrats are urging the Treasury Department to ignore appeals by lobbyists to weaken the 15% minimum levy on domestic corporations.

Senators Elizabeth Warren, Angus King, Michael Bennett, and Representative Don Beyer, asked Treasury Secretary Janet Yellen and her staff to take an aggressive stance against companies that seek carve-outs or other modifications to the minimum levy.