What You Didn't Hear from the Retailers Today...

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).


Correcting the Record: Daily Caller

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. 


Correcting the Record: Americans for Affordable Products Part II

We're correcting the record on Americans for Affordable Products again. 


Correcting the Record: Best Buy

Yesterday, on CNBC, current Best Buy CEO Hubert Joly expressed hesitation towards border adjustment; however, his predecessor at Best Buy has a different take. 


Correcting the Record: Taxpayers Protection Alliance

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: 


Correcting the Record: Veronique de Rugy Part III

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.  


Correcting the Record: Americans for Affordable Products

We're correcting the record on Americans for Affordable Products.


Correcting the Record: BAT and Retail Prices

Over the past week, Bloomberg has aired several segments with assertions about the border tax that merit a closer look. Last Friday, Bloomberg hosted Cowen & Co Retail Analyst John Kernan, who made the case that border adjustment would lead to higher retail prices saying:
"If you had a 20% border adjustment, which is what Paul Ryan has talked about, and Kevin Brady, you need to raise prices by a minimum of 20%."

Correcting the Record: Former Retail CEOs Support Border Adjustment

This week, on CNBC, Best Buy CEO Hubert Joly expressed hesitation towards border adjustment; however, his predecessor has a different take. 

Correcting the Record: Veronique de Rugy Part II

Veronique de Rugy, in a second column in National Review Online, continues to argue that border adjustment as a component of the overall tax reform does not have any economic benefits besides tax revenue.