×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: koch brothers | group | launch | tv ad | border tax

Koch Brothers Group Launching TV Ad Against Border Tax

YouTube

By    |   Monday, 10 April 2017 07:51 AM

Americans for Prosperity, a group with ties to billionaire brothers Charles and David Koch, is launching a nationwide television commercial opposing a border adjustment tax, The Hill reports.

The ad will air on cable news channels starting on Tuesday. It opposes a proposal by House Republicans to subject imports to a 20 percent tax, while exempting exports, according to the Hill.

Backers of the tax argue it will eliminate reasons for companies to move jobs overseas. But opponents maintain it would impose higher prices on consumer goods.

AFP is the biggest group within the Koch brother's network. The commercials follow a report produced by the Koch network predicting disaster for state economies, Axios reported.

Axio pointed out House Republican leaders view the tax as a key segment of a tax reform plan. They say it will generate the needed $1.2 trillion in new revenue over the next 10 years to pay for anticipated cuts to corporate and individual tax rates.

"America voted for change, economic growth and to stop wasteful spending," the narrator in the commercials notes. "But now, some members of Congress want a new trillion-dollar BAT consumer tax that could drive up your costs and hurt our economy."

And AFP President Tim Phillips said: "Imposing a massive 20-percent import tax is the wrong approach, A border adjustment tax would harm hard working families that deserve relief from the tax code, not a new consumer tax that would drive up the cost of everyday items. Congress needs to know this is not the change the American people signed up for."

© 2021 Newsmax. All rights reserved.


Newsfront
Americans for Prosperity, a group with ties to billionaire brothers Charles and David Koch, is launching a nationwide television commercial opposing a border adjustment tax, The Hill reports.
koch brothers, group, launch, tv ad, border tax
261
2017-51-10
Monday, 10 April 2017 07:51 AM
Newsmax Media, Inc.
More Articles
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

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
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved