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ARTICLE · 09 MARCH 2017

Trump Embraces Border Adjustability

Grant Thornton LLP
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Trump has embraced the concept of a ‘border adjusted' tax, though he stopped short of specifically endorsing the border adjustability provision at the heart of the House Republican tax plan.

United StatesTax
Mel Schwarz
Mel Schwarz
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Trump has embraced the concept of a 'border adjusted' tax, though he stopped short of specifically endorsing the border adjustability provision at the heart of the House Republican tax plan.

Trump said he "certainly supports a form of tax at the border" and that it "could lead to a lot more jobs in the United States." Trump had previously offered conflicting statements on the concept, and his endorsement gives a big boost to the House Republican plan.

House Republicans are currently writing a tax reform bill based on the blueprint they released last spring. The most controversial aspect of the plan would make business taxes "border adjustable," meaning that gross receipts from exports would be excluded from income, while any imports could not be deducted.

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