By John Young

It has the support of the G-7 powers. It has the support of more than 130 nations.

Promoted by Treasury Secretary Janet Yellen, it would curb abuses by which corporations escape taxes overseas and help pay for America’s immense infrastructure needs.

Only one thing stands in the way. We’ll give you one guess.

Yep. The Republican Party.

Yellen’s proposal — a global minimum 15 percent tax rate for multinational corporations and foreign subsidiaries — has accru...