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The Global Business Alliance (GBA) released a new report, The ‘Revenge Tax’ Slowdown, that for the first time examines the economic harm that the Section 899 tax hike within the One, Big, Beautiful Bill (OBBB), commonly referred to as the “revenge tax,” will inflict on U.S. workers and America’s economic growth.
Jonathan Samford, president & CEO of the Global Business Alliance (GBA), released the following statement in response to the House passage of the reconciliation package:
Jonathan Samford, president & CEO of the Global Business Alliance (GBA), released the following statement in response to the House passage of the reconciliation package:
Foreign direct investment in the United States (FDIUS) totaled $82.3 billion in the fourth quarter of 2024, an increase of 25 percent over the third quarter.
Foreign direct investment in the United States (FDIUS) totaled $82.3 billion in the fourth quarter of 2024, an increase of 25 percent over the third quarter.
The Global Business Alliance (GBA) has released its latest state-by-state factsheets and national trends analysis, which examines the economic impacts and job creation of inbound foreign direct investment (FDI) in all 50 states.
Nationally, international companies employ 6.4 percent of America’s overall private sector. However, five states far exceed this national average by welcoming international companies into their local economy.
From 2017 to 2022, international companies supported 22 percent of new U.S. manufacturing jobs. Global connections are key to America’s competitiveness in this sector, helping to diversify America’s economy and make it more resilient to downturns.
The Global Business Alliance (GBA) is the premier advocacy resource for international companies in America. With over three decades’ worth of expertise in helping international companies navigate the U.S. political and policy landscape, GBA launched the CEO Leadership Council in 2022 to raise our collective voice.
