Jul 21, 2017
VIDEO | Rep. Blackburn: Tax Reform’s Biggest Stumbling Block BAT is Off the Table
Post by Freedom Partners
Is the controversial and widely rejected trillion-dollar Border Adjustment Tax (BAT) on imports finally being laid to rest? Rep. Marsha Blackburn (R-TN) told Fox Business Network viewers that she believes the proposed BAT holding up tax reform is now off the table.
Dagen McDowell: “With regard to tax reform, what is the biggest stumbling block? Is the Border Adjustment Tax off the table? Can we get past that and say we’re not going to use that? Is that off the table? What is the biggest stumbling block?”
Rep. Blackburn: “Dagen, I do think the Border Adjustment Tax is off the table. The reason for that is you have to say what is the value added there? And nobody can seem to give a definitive answer on a value-added.”
In an article titled “Ryan Says U.S. Tax Reform Consensus Nears, Does Not Mention Border Tax,” Reuters reported “U.S. House Speaker Paul Ryan said on Thursday that tax reform talks are nearing a consensus to lower business taxes by closing loopholes and special interest deductions, the latest sign that the unpopular proposed border tax may not be included.”
Freedom Partners continues to urge Ways and Means Chairman Kevin Brady (R-TX) and House leaders to unify Americans around a plan for comprehensive tax reform, focusing on the principles of a simplified, more efficient, equitable and predictable tax code – without placing new burdens on taxpayers. Last week, Freedom Partners launched a new wave of digital ads targeting select lawmakers as part of a multi-million dollar campaign to help make comprehensive tax reform a reality.
READ MORE: ‘The Brady Tax’ Stands In the Way of Tax Reform