Wichita Standard

Yesterday, President Donald Trump unveiled his Day One Agenda, stating that the Organization for Economic Co-operation and Development’s (OECD) global tax deal will not impact the United States.

"Over the last four years, the Biden administration put America last as they negotiated a bad deal with the OECD that would increase taxes and have a disproportionately negative effect on our country and economic competitiveness – a deal that even Democrats opposed," said Rep. Estes. "I’ve been a fierce opponent of the OECD’s globalist tax regime that usurps our nation’s tax sovereignty. On day one of the new administration, President Trump has issued executive orders that will put an end to this nonsense and make clear that no foreign nation or organization has the right to dictate U.S. tax policy, and that only Congress has the authority to enter into such deals. I look forward to working closely with President Trump to protect American citizens and our tax base."

Rep. Estes has long expressed opposition to the OECD's global tax framework. He recently shared his views in an op-ed published in London’s Telegraph, outlining U.S. resistance to the OECD agreement. His efforts include collaborating with MP Priti Patel on another op-ed about Pillar Two of the OECD scheme, sending a letter demanding accountability from Treasury officials, and traveling with colleagues from Ways and Means Committee to Germany and France for discussions with European leaders.

Furthermore, Rep. Estes introduced legislation aimed at imposing reciprocal taxes on nations using the OECD agreement against U.S. businesses, potentially harming America's fiscal interests. His critiques were also featured in The Hill through an op-ed detailing concerns about this international tax plan; additionally, he co-authored a Bloomberg piece with Rep. Randy Feenstra (R-Iowa), emphasizing potential detriments posed by this global initiative.