This is a bluff: 899 will likely be removed from the tax bill because it’s a policy whose tax impact is incidental (intended to bully other countries rather than raise revenues). This is not permitted in the Senate budget process.

— Zorka Milin (@ZorkaMilin) June 26, 2025

After months of productive dialogue with other countries on the OECD Global Tax Deal, we will announce a joint understanding among G7 countries that defends American interests. President Trump paved the way for this historic achievement. On January 20, the President issued two…

— Treasury Secretary Scott Bessent (@SecScottBessent) June 26, 2025

At the request of @SecScottBessent and in light of this joint understanding to preserve U.S. tax sovereignty and allow U.S. tax laws to co-exist with the Pillar 2 regime, we will remove proposed tax code Section 899 from the One Big Beautiful Bill Act, and we look forward to…

— Senator Mike Crapo (@MikeCrapo) June 26, 2025

.@SecScottBessent's announcement is a major victory for American workers. From the very beginning of my chairmanship, @WaysandMeansGOP has fought against unfair taxation by foreign governments, and @POTUS is now delivering. Here’s a thread showing some highlights. https://t.co/wv1tNkBfbb

— Rep. Jason Smith (@RepJasonSmith) June 26, 2025

This @FT article provides the most complete context for the (presumed) removal of the US 899 "revenge tax" (AKA #taxfare).

US Treasury asks Congress to scrap foreign revenge tax in Trump bill https://t.co/l9MptWPOQp

— John Richardson – Counsellor for US persons abroad (@ExpatriationLaw) June 27, 2025

Raising the question of what exactly is the agreement that led to the removal of 899 from the "Big Beautiful Bill".https://t.co/uJujt75zEu

— John Richardson – Counsellor for US persons abroad (@ExpatriationLaw) June 27, 2025