This NPR Planet Money Indicator podcast episode discusses two proposed tax policies within the "One Big Beautiful Bill Act." The first is a 3.5% tax on remittances sent by non-citizens abroad, aiming to recoup funds from unauthorized immigrants, though its exact application remains unclear. Experts debate the potential economic consequences, including reduced immigration, tax evasion through alternative methods like cryptocurrency, and negative impacts on recipient countries. The second policy, a "revenge tax" targeting certain foreign countries deemed to unfairly tax U.S. companies, is analyzed for its potential economic disruption and legal challenges. The podcast features interviews with tax law professors who express concerns about the potential negative impacts of both policies on the U.S. economy and international relations.
