Afternoon all, given the contingent of retailers in Washington today expressing opposition to the House tax reform blueprint, we wanted to provide you with rebuttals to what you’ve likely heard and a counter argument from the National Black Chamber of Commerce (NBCC), which just recently came out in support for the House blueprint and the border adjustment provision (more below).
Earlier this week the Daily Caller published an op-ed calling border adjustment a "big-government accomplice," but the piece overlooks some critical components of the House tax reform plan that benefit American workers and grow jobs.
We're correcting the record on Americans for Affordable Products again.
Yesterday, on CNBC, current Best Buy CEO Hubert Joly expressed hesitation towards border adjustment; however, his predecessor at Best Buy has a different take.
Earlier this week, Taxpayers Protection Alliance president David Williams published an op-ed in the Hill opposing the House tax reform blueprint.
Yet just a few weeks ago, Williams signed on to a letter to its authors, Speaker Ryan and Chairman Brady, "in support of [their] efforts to pass pro-growth tax reform into law in 2017." The letter says:
This week, Mercatus economist Veronique de Rugy again argues in National Review Online against border adjustment, particularly the notion of leveling the playing field and eliminating higher taxes on American-produced goods than their foreign-made counterparts face.
We're correcting the record on Americans for Affordable Products.