Treasury Secretary Bessent asks Congress to pull 'revenge tax' from tax bill

Well, one of the more controversial piece p pieces for businesses in Trump's tax bill is now on the verge of potentially being removed after Treasury Secretary Scott Besson tweeted that he had asked the House and Senate to remove the provision. This, of course, is known as the retaliatory tax. Some people call it the revenge tax 8.99%.Basically, it would say that if other countries put what the US sees as an unfair tax on US companies that the Treasury Department could then put a tax on companies and invest ...