21
Apr
Speaker Paul Ryan and other leading House Republicans are pushing a tax plan that would exempt
income from exports from U.S. corporate taxes while denying tax deductions for the costs of imported
inputs of goods and services into U.S. production. This proposed “border adjusted tax” could cause cascading
harm to U.S. consumers, workers, manufacturers, retailers and, indeed, the entire U.S. economy.
In effect, this so-called BAT would tax imports and subsidize exports. It would discriminate against imported
products by denying them...