US Edition4 Articles
4 Articles
Pablo Duarte, senior analyst at the Flossbach von Storch Research Institute, talks about Section 899, which he calls the U.S. Revenge Tax. The U.S. government has achieved with the so-called Section 899 a good business for its companies and has weakened the global minimum tax promoted by the OECD. This rule, included in the legislative package known as the “One Big Beautiful Bill Act”, provides for a tax increase on the profits and incomes of co…
Trump's sweeping tax legislation faces conservative pushback in House
President Donald Trump’s much-touted tax overhaul is hitting a wall of skepticism in the House. According to Fox News, the so-called "big, beautiful bill" has conservative lawmakers from the House Freedom Caucus sounding alarms over its fiscal impact. Their concerns could spell trouble for a plan that Trump and Senate Republicans are racing to finalize. The crux of the story is a fierce clash between House conservatives and Senate Republicans ov…
Trump’s ‘big, beautiful bill’ hits another snag in House as conservative caucus raises red flag – Your Capital Minds
Members of the conservative House Freedom Caucus are warning they have serious issues with the Senate’s version of President Donald Trump’s ‘big, beautiful bill’ as it’s currently written. The group of GOP rebels argued in a public statement on Sunday that the Senate bill adds $1.3 trillion to the federal deficit, whereas the House-passed bill would increase the federal deficit by $72 billion. ‘Even without interest costs, it is $651 billion ove…
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