Tuesday, February 21, 2017
CEOs praise House GOP border tax proposal
At The Hill by Naomi Jagoda
A group of chief executive officers are praising House Republicans' proposed border-adjustment tax as the debate escalates.
Border adjustability, which would subject imports to U.S. tax and exempt exports "is consistent with the tax policies of nearly every other country in the world, and it would effectively end the 'Made in America' tax that creates an unfair advantage for foreign-based companies at the expense of U.S. jobs and economic growth," the CEOs wrote in a letter to congressional leaders Tuesday.
Sixteen business leaders signed the letter, including the CEOs of Boeing, GE, McIlhenny Company, Pfizer and S&P Global. The chief executives' businesses are members of the American Made Coalition, a group that launched earlier this month to support the border-adjustment tax.