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Director of International Public Policy and Advocacy
Global Innovation Policy Center, U.S. Chamber of Commerce
In June 2016, House Republicans introduced their vision for comprehensive tax reform. Premised on a simpler, fairer code than today’s, the GOP’s plan looks to promote economic growth and create jobs. It also proposes taxing imports at 20%. As part of the plan, Republican Speaker Ryan introduced a border adjustment tax (BAT) that taxes imports but excludes exports. The Tax Foundation concluded that a BAT could generate roughly $1 trillion in revenue over the next decade. According to some oil market experts, “the bottom line with a BAT is the price of crude oil rises.” And with almost a fifth… [more]View Insight