Retaliatory Taxes Will Not Boost American Investment
The One, Big, Beautiful Bill (the “Bill”), which is supposed to stimulate the economy and provide jobs and tax relief, has passed in the House of Representatives. Unfortunately, the bill includes portions of the retaliatory tax provisions that originated in the Defending American Jobs and Investment Act (H.R. 591 in 2025 and H.R. 3665 in 2023) and the Unfair Tax Prevention Act (H.R. 2423 in 2025 and H.R. 3592 in 2023).