The Treasury Department announced a deal with G-7 allies that will exclude US companies from some taxes imposed by other countries in exchange for removing the Section 899 “revenge tax” proposal from President Donald Trump’s tax bill.

Republicans are weighing whether to pull the controversial tax provision as it nears a deal with European nations and other countries on an alternative.

When Donald Trump unveiled his “One Big Beautiful Bill” last month, all the focus was on how the president’s trillions of tax cuts might blow out America’s budget bottom line.