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."
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