Takes to the Senate Floor to Raise Concerns with Border Adjustment Tax
Phoenix, AZ – Today, Americans for Affordable Products, a coalition of nearly 200 businesses, local organizations, and trade associations united to stop the Border Adjustment Tax or BAT, and its resulting increased prices on everyday necessities, thanked Senator Jeff Flake (R-AZ) for speaking out on the U.S. Senate floor to raise his concerns with the BAT.
The Border Adjustment Tax is a provision of House Speaker Paul Ryan’s (R-WI) tax reform plan, which, if enacted, would levy a 20 percent tax on imported goods.
During the floor speech, Senator Flake expressed his worry that BAT “could make everyday consumer products more expensive at the very places that middle-class families shop the most…[and] household staples could be pushed out of reach for those who can least afford it.” He went on to say that he’s looking forward to working with his colleagues on tax reform, “but we ought to make sure that the middle class isn’t in the losing column.”
“Senator Flake’s stout defense of Arizona’s businesses and consumers earlier today cannot be lauded enough,” said John Arterburn, owner of Ace Hardware in Pinnacle Peak. “A 20 percent tax on imported products could threaten the viability of my business, forcing me to make tough choices – I’d either have to raise prices or eliminate staff.”
If enacted, the Border Adjustment Tax could result in American consumers spending an additional $1,700 per year on basic necessities like food, clothing, medicine and gasoline.
“Everyone agrees, simplifying our complicated tax code is very much needed, but shifting the burden onto the backs of the middle class while killing U.S. jobs is not the way to do it,” said Robert Medler, VP of Government Affairs for the Tucson Metro Chamber. “Senator Flake hit the nail on the head today – we need tax reform in this country, but introducing a Border Adjustment Tax which amounts to a hidden tax on consumers and punishes those that are the least fortunate dampens what would otherwise be a popular plan.”
Americans for Affordable Products is a coalition of job creators, entrepreneurs, business leaders and consumers united against higher prices on everyday necessities. To learn more, please visit: www.KeepAmericaAffordable.com.
- Resources: Coalition Infographic, Myth vs. Fact, and More
- Press Release: AAP Launches Opposition to BAT
To schedule an interview with an Americans for Affordable Products representative, please email press@KeepAmericaAffordable.com.