You're Invited: Smart Tax Policy Briefing
Smart Tax Policy Briefing
May 16, 2017
The Bad Policy and Politics of the Border Adjustment Tax
Tuesday, May 16th, 10-11 am
U.S. Capitol Visitor Center, Room HVC-201
Join the Smart Tax Policy Coalition for a presentation and panel discussion on the consequences of the proposed 20% Border Adjustment Tax increase. Experts will discuss BAT’s devastating impact on jobs and the economy, as well as the political dangers of supporting a 20% consumer tax increase.
The BAT’s Impact on Jobs and Prices
Evan Alexander, Koch Industries
Rachelle Bernstein, National Retail Federation
Cody Lusk, American International Auto Dealers Association
Stephen Sanders, Flint Hill Resources
The Border-Adjustment Sleight of Hand
Veronique de Rugy, Mercatus Center
Political Risks of the BAT
John McLaughlin, McLaughlin and Associates
Auto Show Attendees Know They’ll Pay Under the BAT
We asked people attending the 2017 Washington Auto Show who would end up paying the cost of a 20% Border Adjustment Tax. Click here or on the image below to watch their answers:
The Center for Automotive Research estimates that the 20% Border Adjustment Tax hike would:
• Increase the average per vehicle price by almost $2,000
• Lead to $34.6 billion in higher costs to consumers
Think this is just a problem for foreign cars and foreign companies? Think again. Did you know that the Toyota Camry, Honda Accord, Toyota Sienna, Honda Odyssey, and Honda Pilot are top five on the Cars.com American-Made Index?
Sixteen states have international automaker manufacturing facilities, employing thousands of Americans and producing over 5 million vehicles in 2015 alone. The 9,500 international nameplate auto dealers employ 570,000 Americans across the country. All those jobs, from research and development, to manufacturing, sales and service jobs are threatened by the BAT.
We are a coalition of job creators who collectively employ millions of Americans and believe that smart and sensible tax reform is the path to national prosperity. The primary goal of tax reform should be to encourage growth while lowering tax rates for American families. However, the Border Adjustment Tax (BAT) will hurt families, job creation, and the overall economy. Jobs will be lost, supply chains disrupted, and everyday goods will become more expensive, hitting middle class families the hardest.
For more information, please contact Media@SmartTaxPolicy.com