Article snippet: Freedom Partners Chamber of Commerce, a group backed by wealthy GOP donors Charles and David Koch, launched ads on Thursday urging members of the House Ways and Means Committee to give up on the Republican border-adjustment tax proposal. Among the lawmakers targeted in the digital ads are Ways and Means Chairman MORE (R-Texas) and tax-policy subcommittee Chairman Peter Roskam (R-Ill.), who support the proposal to tax imports and exempt exports. The border-adjustment tax (BAT) was a key part of the tax-reform plan House Republicans released last year. Proponents argue that it would remove incentives for companies to move jobs overseas and would raise revenue to help pay for tax cuts. But the provision is opposed by a number of GOP lawmakers, conservative groups and retailers, who are concerned that it would amount to a consumer tax. “The BAT is bad policy, it’s dead-on-arrival in the Senate, and it’s undermining efforts to unify Americans behind a positive vision for bold tax reform,” Freedom Partners spokesman Bill Riggs said. “Freedom Partners is urging lawmakers to stand up for their constituents, drop the harmful BAT and move forward with the tax reform Americans deserve.” Brady told reporters Tuesday that regardless of whether the BAT is included in a tax-reform bill, the legislation needs to provide incentives for companies to bring their supply chains back to the U.S. Freedom Partners also released new ads urging vulnerable Democratic senators to “un-rig th... Link to the full article to read more
Koch-backed group launches ads urging lawmakers to drop GOP border tax | TheHill
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