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The Indicator from Planet Money - What’s a revenge tax?

For four decades, the US has maintained a consistent policy position: money should be fairly free to come and go in and out of the country. That's changing.

Two sections in the One Big Beautiful Bill Act would add friction. First is a 3.5% tax on immigrants sending money home, commonly known as remittances. Second is what's known as Section 899 or, colloquially, the 'revenge tax'. This one is making Wall Street wary. It would slap extra taxes on people and businesses investing in the U.S. if their home countries were deemed to tax Americans unfairly.

We explain these two taxes that could mark a shift in our free-flowing money era.

Related episodes:
The long view of economics and immigration (Two Indicators) (Apple / Spotify)
The "chilling effect" of deportations (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Chapo Trap House - 941 – Sister Number One feat. Aída Chávez (6/9/25)

We’re joined by The Nation’s Aída Chávez for her report from WelcomeFest, the abundapalooza dedicated to staking the technocratic claim for the future of the Democratic party. We review the fairly directionless and unenthusiastic vibes of the centrist shindig, but also discuss the explosion of police violence during protests against ICE in Los Angeles over the weekend. All leading us to ask, what exactly do these people think “power” is, and when is it “right” to exercise it? Read Aída’s dispatch from WelcomeFest for The Nation: https://www.thenation.com/article/politics/welcomefest-dispatch-centrism-abundance/ Donate to the Jordan Breen sports journalism scholarship fund - https://gofund.me/837f326c New merch for the summer up at https://chapotraphouse.store/
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Read Me a Poem - “The Last One” by W. S. Merwin

Amanda Holmes reads W. S. Merwin’s “The Last One.” Have a suggestion for a poem by a (dead) writer? Email us: podcast@theamericanscholar.org. If we select your entry, you’ll win a copy of a poetry collection edited by David Lehman.

 

This episode was produced by Stephanie Bastek and features the song “Canvasback” by Chad Crouch.

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The Commentary Magazine Podcast - Feel the Burn

As "protestors" set cars on fire, shut down highways, vandalize buildings, and attack law enforcement in California, Democratic politicians want you to believe all of this is the fault of Donald Trump for...enforcing federal immigration law? The question of whether this is a strategy, or a reason to bring out the straitjackets for an entire political party, is the subject of today's podcast. Give a listen.


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Cato Daily Podcast - Best of Cato Daily Podcast: How the U.S. Failed to Adjust to China’s Economic Rise

Caleb O. Brown hosted the Cato Daily Podcast for nearly 18 years, producing well over 4000 episodes. He has gone on to head Kentucky’s Bluegrass Institute. This is one among the best episodes produced in his tenure, selected by the host and listeners.


What should the U.S. do to adjust to China’s rise? Tariffs and shattering the global trading system aren’t the answer, according to Scott Lincicome.

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Bad Faith - Episode 481 Promo – Leaving The Democratic Party (w/ Francesca Fiorentini)

Subscribe to Bad Faith on Patreon to instantly unlock this episode and our entire premium episode library: http://patreon.com/badfaithpodcast

Journalist, comedian, and host of The Bitchuation Room Francesca Fiorentini joins Bad Faith on the heels of breaking news that former White House Press Secretary Karine Jean-Pierre is leaving the Democratic Party because it was too mean to Joe Biden. After recovering from the absurdity of Jean-Pierre’s grift, Briahna and Francesca discuss Fran’s increasing openness to third parties, fissures on the left over Force the Vote, and whether the left can be united around a 2028 candidate and avoid succumbing to Vote Blue No Matter Who pressure.

Subscribe to Bad Faith on YouTube for video of this episode. Find Bad Faith on Twitter (@badfaithpod) and Instagram (@badfaithpod).

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Everything Everywhere Daily - How the Ancients Made Fire

One of the most critical developments in the course of human history was the control of fire.

Without fire, we probably wouldn’t have even reached the Stone Age, let alone the Industrial Age.

But how exactly did ancient people make fire? To make fire out of nothing is no easy feat, and it was a skill that had to be mastered for survival.

Learn more about how humans made fire on this episode of Everything Everywhere Daily.

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The Indicator from Planet Money - How doctors helped tank universal health care

A debate has been raging over universal health care in the U.S. since the 1940s. Back then, a formidable opponent emerged to dump a lot of money into ensuring it wouldn't happen. That opponent was doctors. Today on the show, Sally Helm, a Planet Money reporter, comes to us in her capacity as the host of HISTORY This Week to detail how doctors helped tank single pay healthcare back then and the role communism played in the fight.

A longer version of this episode is available at HISTORY This Week from the History Channel.

Related episodes:
Why do hospitals keep running out of generic drugs? (Apple / Spotify)
Socialism 101

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

Learn more about sponsor message choices: podcastchoices.com/adchoices

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