A collection of over 100 businesses and trade associations have announced a new coalition to stop the Border Adjustment Tax or BAT. Americans for Affordable Products (AAP) will run a national campaign to engage consumers and show lawmakers that pursuing tax policy that will result in higher costs for their customers on everyday items including food, gas and clothing is the wrong approach.
The BAT is a component of the U.S. House Republican tax reform proposal. The coalition said the tax initiative plan will significantly hurt American consumers and the nation's largest employers by increasing the cost of everyday products by up to 20 percent.
The Consumer Technology Association (CTA), which hosts the CES trade show every January, is a part of the coalition.
"While well intended, a proposed Border Adjustment Tax could increase prices on a wide range of basic consumer goods, hitting the pocketbooks of middle class Americans,” said Gary Shapiro, President and CEO of CTA. “We urge policymakers to incentivize U.S. manufacturing in ways that don't hurt the hundreds of thousands of American businesses who employ millions of American workers."
