Trump's Tax Bill Imposes Up to 20% Tax on Foreign Investors, Raises Foundation Investment Taxes Amid EU Tariff Talks

President Donald Trump's recently proposed tax legislation, referred to as the "Big, Beautiful Bill," includes provisions that could raise taxes on foreign companies and private foundations, potentially deterring international investment in the United States. The bill proposes increasing the tax on investment returns for major U.S. private foundations from 1.39% to as high as 10%, which may lead to budget cuts of up to 20% for these organizations. Additionally, the legislation includes a tax of up to 20% on U.S.-sourced income received by foreign investors, a measure aimed at penalizing countries with tax policies deemed unfair by the Trump administration. This provision has drawn criticism from foreign investors and has become a point of contention in tariff discussions with the European Union. The tax measures are causing concern on Wall Street due to their potential impact on foreign investment and the broader financial market.