Congressional Republicans agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill on Thursday after a request by Treasury Secretary Scott Bessent. The Section 899 provision that was nixed would have allowed the federal government to impose taxes on companies with foreign owners, as well as investors from countries judged as charging “unfair foreign taxes” on U.S. companies. Bessent said in an X post that he made the request to lawmakers after reaching an agreement with other countries on the Organization for Economic Co-operation and Development Global Tax Deal.
Breaking
Christian Ruiz, 18, allegedly shot at a group of six people, including two minors, after they ambushed him after his shift at a New Jersey Popeyes, according to reports....
Actresses Jane Seymour and Heather Graham embrace summer in Italy with beachside photos....
loading...