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Treasury Secretary Scott Bessent asks Congress to strip ‘revenge tax’ from Big Beautiful Bill
The provision would grant Trump the authority to tax foreign holdings of US investments as a way to retaliate against ...
Speaker Johnson, Bessent say SALT deal is ‘very, very close’
Speaker Mike Johnson (R-La.) and Treasury Secretary Scott Bessent said negotiations over the state and local tax (SALT) ...
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Treasury Secretary Scott Bessent Extends Debt-Limit Decision Deadline, Urges Congressional Action Ahead Of August Recess
Treasury Secretary Scott Bessent has informed lawmakers that the debt issuance suspension period has been extended to July 24 ...
Tariff deals could be wrapped up by Labour Day, Bessent says, as talks pick up
Mr Bessent said the US and China had resolved issues surrounding shipments of Chinese rare earth minerals and magnets to the ...
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 ...
Lawmakers remove ‘revenge’ tax provision from Trump’s big bill after Treasury Department request
Congressional Republicans have agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill.
The ‘revenge tax’ is dead before it even started
The Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign investment and had spooked Wall Street and global business leaders.
Bessent asks Congress to remove ‘revenge tax’ provision from Republican tax bill
Treasury Secretary Scott Bessent said his request for Section 899 to be removed resulted from “a joint understanding among G7 countries.” ...
Beijing deal will speed China’s export of minerals to US – treasury secretary
The agreement comes after China retaliated against steep import tariffs imposed by the Trump administration on Chinese goods.
Bessent Asks Lawmakers to Rid US Budget Bill of Trump's Retaliatory Tax Plan After G7 Deal
Bessent said that under the G7 agreement, the 15% global corporate minimum tax will not apply to U.S. companies under "Pillar ...