Revenge Tax Delay Expected Amidst Business Pushback
Tap title to read story
Republican Senator Thom Tillis anticipates a delay in implementing the Section 899 'revenge tax' from President Trump's bill. Facing opposition from Wall Street and businesses, the tax, slated for January 1st, 2024, requires further deliberation. Senator Tillis, a key negotiator, believes more time is needed before the provision can be enacted, suggesting a potential postponement if the bill passes this summer.
More context
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.














