Trump's 'Big, Beautiful Bill' Triggers Corporate Lobbying Blitz In Washington As 70 Firms Push To Kill Section 899

Top executives from major multinational corporations are arriving at Capitol Hill this week to lobby against the implementation of a key tax proposal in President Donald Trump's "big, beautiful bill." Section 899 of the proposed tax package, targeted to raise $116 billion over the next decade, would authorize the U.S. to levy higher taxes on investors and companies from nations deemed to impose unfair tax burdens on American businesses, the Financial Times reports.