Freedom Caucus Chairman Opposes Border Adjustment Tax, Says Tax Reform must Occur by September
Mark Meadows, Chairman of the House Freedom Caucus, stated that the border adjustment tax is the main impediment to tax reform, with 70-80 Representatives opposed to the provision. Rep. Meadows indicated that legislation must be enacted by September if tax reform is to occur and meet retroactive requirements, suggesting he believes tax reform effective for 2017 is still a possibility.
Rep. Meadows: Border adjustment tax is ‘stumbling block’ to tax reform