WASHINGTON (Reuters) -- U.S. Treasury Secretary Scott Bessent on Thursday asked Republicans in Congress to remove a "retaliatory tax" proposal that targets foreign investors from their sweeping budget legislation, as lawmakers struggled to find a path forward on the bill.
Trump administration
Bessent asks lawmakers to remove retaliatory tax from US budget bill
Section 899 would have enabled president to levy charges against countries for 'unfair taxes'
U.S. Secretary of the Treasury Scott Bessent speaks during a press conference. © Reuters
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