- Border Adjustment Tax Unlikely to be Part of Reform Effort According to Top Senate Republican
- May 1, 2017
- Law Firm: Eversheds Sutherland (US) LLP - Washington Office
Senator John Cornyn, the Senate Majority Whip, stated yesterday that the border adjustment tax, proposed by House Republicans, was likely dead. While the Trump administration’s guidelines regarding tax reform advocated for a switch to a territorial system, they did not specifically endorse a border adjustment mechanism. According to Senator Cornyn, enough Republican senators have expressed skepticism that its passage would be unlikely.
Read more at: Senate’s No. 2 Republican: Border tax ‘probably dead