A wildly complex and burdensome 15% minimum tax for job creators across America. This policy was so difficult to implement that even Biden's Treasury Department could not finalize regulations after two years of the law being enacted. That's why I was pleased, Secretary, to see that the IRS last week released guidance that provides relief from the KMT. The guidance provides tax penalty relief for the 2025 year. (01:24–01:30)
CLAIM
Asserts that Biden's Treasury Department failed to finalize regulations for the CAMT after two years.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
