Heritage Foundation Supports the House Blueprint Without a Border Adjustment Tax
The conservative Heritage Foundation contends that the House tax reform Blueprint plan will successfully promote job creation and economic growth through lower corporate tax rates; immediate capital expensing; and the removal of special credits, deductions, and exemptions, without need for the controversial Border Adjustment Tax (“BAT”). The Heritage Foundation predicts the BAT would have a negative impact on GDP growth and states that it carries too much unnecessary risk for implementation.