The border adjustment tax that’s been talked about for awhile now appears dead on arrival in the Senate, kind of like TrumpCARE.
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Sen. David Perdue (R-Ga.) shot down House Speaker Paul Ryan’s (R-Wis.) call for a border-adjustment tax on Saturday, saying such a proposal would be “dead on arrival” in the Senate.
“Right now, in the Senate anyway, I think the border-adjustment tax is dead on arrival,” Perdue told radio host John Catsimatidis on AM 970 in New York. “It’s a tariff, it’s regressive on a low-income consumer and a middle-income consumer. It really is counter to growth.”
“It’s nothing but a tariff, and that’s the last thing we need,” he added of the proposal to tax imports and exempt exports.
President Trump himself has in the past called for a border-adjustment tax on imports, and such a measure was the centerpiece of a tax proposal developed by Ryan and Rep. Kevin Brady (R-Texas), who chairs the House Ways and Means Committee.