Skip to main content
Tags: border | adjustment | tax | Steven Mnunchin

Report: Trump Not Backing Ryan's Border Adjustment Tax

Report: Trump Not Backing Ryan's Border Adjustment Tax
Treasury Secretary Steven Mnuchin (Getty Images/Thomas Kienzle)

By    |   Tuesday, 23 May 2017 08:24 PM EDT

Treasury Secretary Steven Mnuchin assured Freedom Caucus members and other House conservatives President Donald Trump is opposed to Speaker Paul Ryan's, R-Wis., proposed border adjustment tax, Axios reported.

According to Axios, Mnuchin met with the conservatives Tuesday and told them neither he nor the president support the tax, which was a core facet of the GOP tax plan pushed by Ryan to offset revenue lost through tax cuts.

Mnuchin even encouraged Freedom Caucus members to talk to Ryan about the tax, Axios reported, citing one unnamed source.

"Secretary Mnuchin gave great insight into the thinking of the administration on tax reform," Freedom Caucus chairman Mark Meadows, R-N.C., told Axios after the meeting. 

"We are well-served by his leadership. It became apparent that there is a growing consensus in the administration that we must act soon to advance tax reform and BAT [the border adjustment tax] is seen as a major impediment."

Axios reported without the support from the administration, the board adjustment tax is "dead on arrival."

© 2024 Newsmax. All rights reserved.


Politics
Treasury Secretary Steven Mnuchin assured Freedom Caucus members and other House conservatives that President Donald Trump is opposed to Speaker Paul Ryan's proposed border adjustment tax, Axios reported.
border, adjustment, tax, Steven Mnunchin
167
2017-24-23
Tuesday, 23 May 2017 08:24 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved