In a dramatic shift, President Trump has secured a $3.4 trillion fiscal package that cuts taxes and spending on safety-net programs, reversing Biden's clean-energy initiatives. The House narrowly passed the bill, leading to significant changes in US policy.
In a significant political shift, U.S. Treasury Secretary Scott Bessent is urging Congress to drop the controversial Section 899 tax proposal following a groundbreaking agreement with G7 nations. This move could alter the landscape of U.S. corporate taxation as Trump aims to fulfill his promise to exit the OECD tax deal.
