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Wed May 24, 2017, 12:49 PM

Ryan: House could pass bill that doesn't include border tax

Source: The Hill

Ryan: House could pass bill that doesn't include border tax

BY NAOMI JAGODA - 05/24/17 11:01 AM EDT

Speaker Paul Ryan (R-Wis.) said Wednesday that he can see a scenario in which the House passes a tax reform bill that does not include a border-adjustment tax.

"That's the kind of conversation we're having (with the White House and the Senate)," Ryan said at an event hosted by Axios.

The border-adjustment tax (BAT), which would tax imports and exempt exports, was a key part of the tax plan Ryan released last year, but it is facing mounting opposition.

Treasury Secretary Steven Mnuchin publicly expressed concerns about the BAT at an event Tuesday hosted by the Peter G. Peterson Foundation, and he reportedly told House Freedom Caucus members in a private meeting that President Trump opposes the BAT. Additionally, Republicans on the House Ways and Means Committee were divided over the BAT during a hearing on the topic Tuesday.

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Read more: http://thehill.com/policy/finance/334913-ryan-house-could-pass-bill-that-doesnt-include-border-tax

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