• Safi Bello

There's a battle going on inside the GOP over the border-adjustment tax, and it's not going

CNBC ----- The more Speaker Paul Ryan tries to will the House border adjustment tax into existence as part of corporate tax reform, the more Senate Republicans push back. Ryan sees border adjustment, which taxes imports 20 percent while exempting exports, as the linchpin of his plan for corporate tax reform. The $1 trillion it would raise over 10 years would help to partially finance a cut in the top corporate rate from the current 35 percent to 20 percent, allowing the House to avoid ballooning the budget deficit. To learn more click on the picture below to read the article.

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