Tags: GOP2016 | Paul Ryan | Ryan | GOP | Tax Plan

House GOP Unsure of Ryan's Tax Reform Plan

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By    |   Tuesday, 16 May 2017 10:34 AM

House Speaker Paul Ryan might not have the votes to pass his border-adjustment tax, with many Republican legislators questioning his suggestion of an import tax.

Over the past several months, The Hill has tracked the opinions of Republicans in the House and found that out of 50 GOP lawmakers, only 15 seemed to support Ryan, and dozens come forward with concerns about his plan to create a tax on imports to cover the cost of lifting a tax on domestically-made exported products.

"I've said all along, I have real, real concerns with that tax," Rep. Jim Jordan, R-Ohio, said in March to The Hill.

Rep. Mike Kelly, R-Pa., said that he wanted legislators to extensively examine the plan to make sure the tax won't cause prices to rise.

"I don't want to go by theory, and I'd want to know for sure, because it hurts American consumers," he said.

"The problem with a border tax — it's a tax increase,” said Rep. Roger Williams, R-Texas, to reporters at an event with the retailer group Americans for Affordable Products, which opposes the border adjustment tax.

Members of the Retail Industry Leaders Association, including heads of AutoZone, Energizer and JCPenney, met with Treasury Secretary Steven Mnuchin on Tuesday, urging him to oppose the border-adjustment tax.

"There is no industry that wants tax reform more than retail," said Brian Dodge, RILA spokesman, to CNBC. "We are eager to work with Secretary Mnuchin and the entire Trump Administration to pass pro-growth tax reform this year so that American families can keep more of the money they earn and business can invest and grow."

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House Speaker Paul Ryan might not have the votes to pass his border-adjustment tax, with many Republican legislators questioning his suggestion of an import tax. Over the past several months, The Hill has tracked the opinions of Republicans in the House and found that out of...
Ryan, GOP, Tax Plan
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2017-34-16
Tuesday, 16 May 2017 10:34 AM
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