Tuesday, January 17, 2017

TOO COMPLICATED' Trump bristles at House Republican tax plan, may lead to showdown

More coordination has to happen in order to get Trump's tax plan what he promised the American people.
Fox News reports President-elect Donald Trump said Friday that one of the key parts of the House Republicans’ corporate-tax plan that would tax imports and exempt exports was “too complicated."

“Anytime I hear border adjustment, I don’t love it,” he told The Wall Street Journal. “Because usually it means we’re going to get adjusted into a bad deal. That’s what happens.”

The border adjustment tax plan is one of the most controversial parts of the House Republicans’ tax plan. The measure is reportedly part of a broader plan to encourage companies to locate jobs and production in the U.S.
“If you take out the border adjustment, you have to really think about an entirely different reform,” Kyle Pomerleau, director of federal projects at the Tax Foundation, a conservative leaning group in Washington, told the paper.

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