ilmscore | Prediction Details
"Section 899 is a rare tax hike on the wrong side of the Laffer Curve (meaning that it is a tax hike that would likely reduce rather than raise revenues). The Joint Committee on Taxation forecasts that the provision would start to lose the government money by scaring off foreign investors and therefore lowering American asset prices."
By Patrick Boyle | June 11, 2025 | Pending
From video
America’s Tax on Foreign Investors - Section 899 00:25:10 - 00:25:45
Interpreted Prediction
The Joint Committee on Taxation forecasts Section 899 would likely reduce government revenues (rather than raise them) by scaring off foreign investors and lowering American asset prices.

Prediction Details

Topic
US Taxation, Government Revenue, Asset Prices

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