Bessent asks Congress to drop 'retaliatory' tax as Republicans struggle to rewrite bill

Bessent: ‘Perfect cannot be the enemy of the good’ on GOP bill

Treasury Secretary Scott Bessent stressed Friday that “perfect cannot be the enemy of the good” while attempting to pass President Trump’s “big, beautiful bill” filled with his legislative priorities. “The perfect cannot be the enemy of the good, and it’s legislative sausage making, which is new for me,” Scott said at the Faith & Freedom... The post Bessent: ‘Perfect cannot be the enemy of the good’ on GOP bill appeared first on Daily Truth Repo…

Bessent, Johnson Express Optimism About Quick SALT Compromise

Treasury Secretary Scott Bessent and House Speaker Mike Johnson are projecting optimism that they can soon unlock a compromise over the state and local tax deduction, that would resolve a key issue holding up President Donald Trump’s tax and spending bill.

Bessent asks Congress to drop 'retaliatory' tax as Republicans struggle to rewrite bill

By Bo Erickson, David Morgan and Andy Sullivan

Treasury chief warns GOP over ‘retaliatory’ tax on global investors | Honolulu Star-Advertiser

WASHINGTON >> U.S. Treasury Secretary Scott Bessent today asked Republicans in Congress to remove a “retaliatory tax” proposal that targets foreign investors from their sweeping budget legislation, as lawmakers struggled to find a path forward on the bill.

Republicans in Congress agree to drop retaliatory proposal to raise taxes for Canadian companies

The proposal would have enabled the President to retaliate against countries that impose special digital service taxes on large U.S. technology companies

Bessent Asks Congress to Drop 'Retaliatory' Tax as Republicans Struggle to Rewrite Bill