Defense of Tax Provision in Trump Administration's Bill
Treasury Secretary Scott Bessent defends provision in Trump administration's bill to prevent foreign governments from siphoning tax revenue from U.S. companies. The bill includes measures to retaliate against countries imposing unfair taxes on American firms. Corporate lobbyists are targeting the provision, arguing it could lead to retaliatory measures and complicate international investment. The goal is to pressure foreign governments to roll back discriminatory and coercive taxes.