Pinnacle Republicans In The Back Of Tax Plan Say Border Adjustment Tax Is Dead

The border adjustment proposal was a key revenue-raising plank of the plan House Republicans unveiled last year.
Top Republicans driving the GOP tax reform effort have given up on border adjustment.
Numerous senators also raised concerns about the provision, leading to doubts in recent months that it could become part of a joint tax proposal.
“While we have debated the pro-growth benefits of border adjustability, we appreciate that there are many unknowns associated with it and have decided to set this policy aside in order to advance tax reform,” House, Senate and White House leaders working on a tax plan said in a statement Thursday.
But it did not offer new details on possible corporate or income tax rates or other specifics that will be included in the joint proposal.

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