As the debate over tax reform intensifies, the issue of border adjustability and its role in the comprehensive House tax reform blueprint remains a significant point of discussion. A border adjusted tax system helps allow the House blueprint to create more than 1.7 million new jobs, raise wages by nearly 8 percent, and put almost $4,600 into the pockets of American families.
Sixteen CEOs Representing Importers & Exporters Voice Support for Tax Reform
Yesterday, Politico's Morning Tax recently featured our corrections to a misleading “fact sheet” released earlier this week by opponents of comprehensive tax reform who are more interested in retaining the broken tax system that promotes foreign-made products and services over American jobs:
This week several authorities on the issues of tax, economic, and trade have all rallied behind border adjustment because it will grow American jobs and level the playing field for U.S. producers. Here are a few of the highlights from these experts:
Politico Morning Tax featured our new video explaining how the House tax reform plan will take our country’s outdated tax code from one of the worst in the world, to one of the best. The video highlights a number of key points including that lots of other countries, though not Somalia, use a border adjustment and that critics employing "misleading sound bites" about what a border adjustment would do to retail prices, support a tax code that was fitting back in 1986.
CNBC's Ylan Mui joined Closing Bell on Friday to report breaking news from the White House, denying a report from Axios on the White House's position on border adjustment:
American Made Coalition member and Eli Lilly CEO David Ricks appeared on CNBC's Power Lunch this afternoon to explain the principles of border adjustment and his support for the House GOP tax reform proposal. He says:
While opponents of tax reform have speculated that House Republicans' proposal is not compliant with the World Trade Organization, WTO Director-General Roberto Azevêdo today said it could be constructed to align with U.S. international obligations, according to a report by Inside Trade. Azevêdo said:
John Ward, Senior Political Correspondent, Yahoo News