Trump's 'Big, Beautiful Bill' Triggers Corporate Lobbying Blitz In Washington As 70 Firms Push To Kill Section 899: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2025
0mins
Source: Benzinga
Corporate Lobbying Against Tax Proposal: Major multinational corporations are lobbying against Section 899 of President Trump's tax proposal, which aims to raise $116 billion by imposing higher taxes on foreign investors and companies from nations with unfair tax practices towards U.S. businesses.
Potential Economic Impact: Critics, including the Institute of International Bankers, argue that the proposed tax could stifle foreign direct investment, disrupt financial markets, and threaten American jobs, while supporters believe it would hold foreign countries accountable for their tax policies.
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About TM
Toyota Motor Corp is a Japan-based company mainly engaged in the automotive business, as well as financial services and other businesses. It operates through three business segments. The Automotive segment designs, manufactures, and sells automobiles, including sedans, minivans, compact cars, sport utility vehicles (SUVs), and trucks, as well as related parts and accessories. The Financial Services segment provides financing and vehicle leasing services to complement the sales of automobiles and other products manufactured by itself and its affiliates. The Other segment engages in information and communications services. It also oversees manufacturing and sales companies, conducts public relations and research activities, oversees financial companies, and develops various mobility products, primarily software.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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