Trump Administration Tells Congress to Kill ‘Revenge Tax' From Policy Bill The New York TimesLawmakers remove ‘revenge' tax provision from Trump's big bill after Treasury Department request AP NewsGOP agrees to drop 'revenge tax' from megabill after Bessent cites progress in global talks PoliticoTrump Tax Bill: Treasury Close to Deal that Would Make ‘Revenge Tax' Irrelevant Bloomberg.com
A deal with G-7 allies will exclude U.S. companies from some taxes imposed by other countries in exchange for removing Section 899 from Trump's tax bill.