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Trump’s ‘Revenge Tax’ Risks U.S. Jobs and Retirement Security, Lobbyists Warn


One provision in President Donald Trump’s major tax cuts and spending bill may lead hundreds of thousands of U.S. citizens to lose their jobs, and Democrats want to do away with it.

The so-called “revenge tax” drafted by U.S. House of Representatives Republicans for Trump’s One Big Beautiful Bill Act (OBBBA) would impose extra taxes on foreign individuals and businesses earning income in the U.S. if they’re from countries that levy “discriminatory or unfair taxes” against the U.S.


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