Trump Administration's 'Revenge Tax' Removed from Budget Bill Amid Global Talks
TL;DR Summary
The Trump administration has instructed Republican lawmakers to remove a proposed 'revenge tax' from a policy bill, following a deal with G7 nations that exempts American companies from a global minimum tax brokered by the Biden administration, amid concerns it could harm U.S. workers and foreign investment.
- Trump Administration Tells Congress to Kill ‘Revenge Tax’ The New York Times
- "Revenge tax" being yanked from "big, beautiful bill," Bessent says Axios
- Treasury Deal Kills ‘Revenge Tax’ That Spooked Wall Street Bloomberg
- GOP agrees to drop 'revenge tax' from megabill after Bessent cites progress in global talks Politico
- Bessent asks lawmakers to rid US budget bill of Trump's retaliatory tax plan after G7 deal Reuters
Reading Insights
Total Reads
0
Unique Readers
18
Time Saved
1 min
vs 2 min read
Condensed
83%
282 → 47 words
Want the full story? Read the original article
Read on The New York Times