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Jonathan Samford, president & CEO of the Global Business Alliance (GBA), has released the following statement after Treasury Secretary Scott Bessent’s call to remove Sec. 899 from the One, Big, Beautiful Bill:
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) 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:
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).
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.
