Congress has to move quickly to give Americans the tax breaks President Donald Trump has promised — and should "just skip" the GOP's proposed border adjustment tax, Club for Growth president David McIntosh told Newsmax TV.
In an interview Tuesday on "America Talks Live" with host J.D. Hayworth, McIntosh, a former Indiana lawmaker, argued "Republicans aren't the party of raising taxes."
"We're not used to the [border adjustment tax] or any of these hidden taxes," he said, urging Congress to "just go straight for the tax cuts that Trump won the election with."
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The border adjustment tax is included in "A Better Way" package proposed by House Ways and Means Committee Chairman Kevin Brady and House Speaker Paul Ryan, along with a call for a reduction of the federal corporate rate from 35 percent to 20 percent.
"My concern is that this is a brand new tax that is a hidden tax, but eventually the people that pay for it are middle Americans who go shopping anywhere," McIntosh said. "Because essentially what this tax would say is anything that comes into the country that is sold, you pay roughly a 20 percent sales tax on it."
"Almost everything we buy, the prices will go up," he added. "So, it's not a tax on our trading partners or on foreign countries, it's a tax that Americans pay."
McIntosh said the new Congress cannot wait too long to cut taxes.
"They've got to pick up and be serious about these tax cuts and get them done in the first six, eight months of this new Congress," he said. "Otherwise it gets bogged down in Washington business as usual and politics . . . That's another reason why I think they should just skip this new tax."
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