Press Releases

Today, Rep. Ron Estes (R-Kansas) issued the following statement after reports that Treasury delivered a memo to the White House in response to President Donald Trump's Jan. 20 executive action on OECD.
 
"I'm pleased to hear that Treasury Secretary Scott Bessent has followed through on the president's directive to dismantle the disastrous OECD agreements that put America last and allow foreign countries to target U.S. job creators for their own treasuries' gains," said Rep. Estes. "The Trump administration made clear from day one that it will defend American interests in any global tax negotiations. Delivery of the Treasury report directly to the White House is a positive step in confirming that the U.S. is not going to cede our tax authority or our tax revenues. Ways and Means Chairman Smith has already introduced legislation to assist in this process, and I look forward to introducing a bill soon as well."
 
Background:
For years Rep. Estes has been sounding the alarm and pushing back against the OECD’s global tax scheme. In January, Rep. Estes praised President Trump’s executive actions rejecting the OECD tax deal. On that same day, he also joined Ways and Means Chairman Jason Smith (R-Missouri) in introducing the Defending American Jobs and Investment Act. Earlier that month he published an op-ed in London’s Telegraph outlining U.S. opposition to the OECD deal. He previously published an op-ed with MP Priti Patel on the OECD Pillar Two tax scheme, led a letter to Treasury demanding accountability and traveled with Ways and Means colleague to Germany and France to discuss Pillar Two with European leaders. He also introduced legislation to impose reciprocal taxes on countries that use the OECD deal to impose unfair taxes on U.S. business and raid the U.S. tax base. Earlier, he penned an op-ed in The Hill outlining the concerns with the OECD deal and published a Bloomberg op-ed with Rep. Randy Feenstra (R-Iowa) highlighting how the OECD tax deal would harm the United States.