House Republicans Remain Divided Over Border Adjustment Tax
Posted on Jun 12, 2017 in News
With the GOP still looking for its first major legislative accomplishment under the Trump Administration, Conservative members of the House are calling for party leadership to abandon the proposed border adjustment tax in order to facilitate progress on tax cuts. Tim Phillips, president of the Koch-brothers backed “Americans for Prosperity” contends that House Ways and Means Committee Chairman Kevin Brady is alone in his resolve to include a border adjustment tax, the most significant impediment to reform, in any proposed legislation. Brady has stated that he is open to border adjustment tax alternatives that would encourage both growth in the business sector and companies returning to the US.