Capitol Hill

Apr 25, 2017

Non-Partisan Tax Committee Says Border Adjustment Assumptions Uncertain

Backers of the 20-percent import tax being proposed as part of tax reform insist that strengthening of U.S. currency would mitigate the pain of the trillion-dollar tax felt by…

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Apr 20, 2017

It’s Time for Congress to Move Off the Border Adjustment Tax

Congress’ proposed import tax, which Senator Lindsey Graham (R-SC) declared “won’t get 10 votes in the Senate,” isn’t shaping up as part of tax reform. “[Y]ou certainly can…

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Apr 19, 2017

Assumptions of Border Adjustment Tax Proponents are “Preposterous,” “Laughable,” “Naive at Best”

The Border Adjustment Tax (B.A.T.) being proposed as part of tax reform would impose crushing costs on importers, but proponents of the tax argue that because of currency appreciation, businesses…

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Apr 18, 2017

We Can Do Tax Reform Without Tax Hikes

With the promise of comprehensive, pro-growth tax reform from Congress and the administration, many Americans believe — or hope — that soon they will be keeping more of their hard earned money and…

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Apr 17, 2017

ICYMI: “Don’t be Fooled” by Border Adjustment Tax “Sleight of Hand”

Economists Vernoique de Rugy of George Mason University’s Mercatus Center and Dan Mitchell of the Cato Institute debunked the claims of Border Adjustment Tax (BAT) proponents that a new 20-percent…

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Apr 14, 2017

San Antonio Express-News: Border Adjustment “Would Hurt Consumers and Businesses. It’s a Terrible Idea”

“[It’s] rare to see a Texas lawmaker promote a tax that would be so obviously bad for Texas,” writes the Express-News editorial board. What the Express-News warns of is…

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Apr 13, 2017

CNBC’s Jim Cramer: Border Adjustment is a “National Sales Tax on the Poor and Lower-Middle” Class

CNBC financial analyst Jim Cramer is unequivocal about the proposed trillion-dollar Border Adjustment Tax on consumers. According to Cramer, the proposed 20-percent tax would impose new levies on importers and…

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Apr 11, 2017

WaPo: Retirees on Fixed Incomes Could “Pay More for Everything” Under Border Adjustment Tax

Proponents of the 20-percent Border Adjustment Tax (BAT) on imports often make the misguided argument that because other countries tax their imports, we should too. But, The Washington Post explains that…

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Apr 11, 2017

There’s a Reason Border Adjustment Tax Supporters Don’t Want Anyone to Focus on the Border Adjustment Tax

Freedom Partners and Americans for Prosperity recently released a state impact analysis of the border adjustment tax (BAT) that showed how the new tax would crush businesses and consumers in states that…

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Apr 10, 2017

CEO: “Any Tax That You Put on a Consumer is Going to Raise Prices, and That’s Going to Crush Retail”

American Apparel and Footwear Association CEO Richard Helfenbein told Bloomberg how the proposed border adjustment tax (BAT) would “crush retail”, increase consumer prices and lead to major layoffs for U.S. workers…

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