The provision would grant Trump the authority to tax foreign holdings of US investments as a way to retaliate against countries imposing new taxes on US companies operating overseas.
Treasury Secretary Scott Bessent asks Congress to strip ‘revenge tax’ from Big Beautiful Bill
Politics
June 27, 2025
ultocalanissan@gmail.com
Related Posts
Trump announces trade deal with ‘tough’ Philippine President Marcos
The Philippine president has doubled down on having close relations with the US during his term, which has caused some tensions with Beijing. The Philippine president has doubled down...
Dem USVI delegate Stacey Plaskett’s ties to Jeffrey Epstein detailed in latest DOJ dump
Virgin Islands Del. Stacey Plaskett's correspondence with Jeffrey Epstein and his associates after the late notorious sex predator was first convicted for child prostitution was more extensive than previously...
Texas Gov. Abbott orders arrest of Democrats who skipped town to avoid redistricting vote
Texas Republican Gov. Greg Abbott ordered state authorities Monday to arrest dozens of House Democrats who fled to Illinois and New York rather than stay for a vote on redrawing the...
Melania Trump uses AI to narrate her memoir in her ‘own voice’: ‘New era’
First lady Melania Trump instead turned to AI to synthesize her voice for an audiobook of her personal memoir in what she is heralding as "a new era in...
Virginia Dem ripped after invoking famous Holocaust quote in attack on DOGE: ‘First they came for …’
"Comparing the loss of some government jobs to the Holocaust is an insult to the memory of the millions who were slaughtered ," state House Minority...
Upstate lawmaker pushing bill to allow hands-free gas pumps in New York like rest of United States
An upstate lawmaker is pushing legislation that legalize hands-free gas pumping in New York -- something allowed in the rest of the United States. An upstate lawmaker is pushing...
FBI raids nearly two dozen Minnesota child care centers in fraud probe, including ‘Quality Learing Center’
The FBI raided 22 childcare centers in Minnesota Tuesday morning as part of a wide-ranging investigation of social services fraud. The FBI raided 22 childcare centers in Minnesota Tuesday...
RFK Jr’s deputy expected to replace ousted CDC director as employees stage walkout at agency headquarters
Susan Monarez, who was sworn in as CDC director less than a month ago, was fired by the White House on Wednesday after she refused to resign. Susan Monarez,...
Trump admin open to pausing gas tax, Energy secretary says — here’s how much it would save drivers
The Trump administration is open to the possibility of temporarily suspending the gas tax to give Americans relief amid the fallout from the crisis in the Strait of Hormuz,...
Trump plans to name Kevin Warsh as next Fed chair: sources
President Trump plans to name Kevin Warsh, the former Federal Reserve governor, replace Jerome Powell as Federal Reserve chair, The Post has learned. President Trump plans to name Kevin...