Paul Ryan’s $1.2 trillion border adjustment tax plan to hike import taxes has a Senate passage problem. Both sides of the fight have gamed it out the same way: They think Ryan and the House Ways and Means chair Kevin Brady can probably squeeze the plan through the House, but the Senate is a different ball game.
Even if Trump loudly supports border adjustability — and that’s a big if — he’ll have a tough time convincing Senators who fear him far less than House members do. And senators from states home to big box retailers have compelling reasons to oppose border adjustability.
