16 Feb Ways and Means Republican Unity Behind Import Tax in Doubt
House Ways and Means Committee Chairman Kevin Brady (R-Texas) has yet to win over some Republican colleagues on his panel when it comes to a proposed border adjustment tax.
Observers say the discord in the committee over the import tax is a sign of how difficult the road might be for a broader tax reform effort. The provision, which would tax imports at 20 percent while providing a rebate for exports, is a major revenue raiser for a tax overhaul blueprint released last June.
Several Republican committee members continue to have doubts about the provision, with the most serious concerns being raised by those with retail headquarters or oil refineries in their districts, or those with statewide political ambitions, congressional aides and lobbyists told Bloomberg BNA.