Time for Republicans to Pull the Plug on Border-Adjustable Tax Scheme | International Liberty

“We already know that the flat tax is the gold standard of tax reform. And we already know the various ways of moving the tax code in that direction.

My advice is that Republicans abandon the border-adjustable provision and focus on lowering tax rates, reducing double taxation, and cutting back on loopholes. Such ideas are economically sounder and politically safer.”

As part of an otherwise very good tax reform plan, House Republicans have proposed to modify the corporate income tax so that it becomes a “destination-based cash-flow tax.” For those n…

Source: Time for Republicans to Pull the Plug on Border-Adjustable Tax Scheme | International Liberty