Border Adjustment Tax Call for Freedom

Event Details

Border Adjustment Tax Call for Freedom

Time: February 22, 2017 from 6pm to 8pm
Location: Total Wine
Street: 4413 Town Center Parkway
City/Town: Jacksonville
Phone: 904-553-4571
Event Type: call, for, freedom
Organized By: Karen Kozub, Concerned Veterans of America
Latest Activity: Feb 17, 2017

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Event Description



Border adjustment is a provision included in the House GOP’s Better Way Tax Plan, released last June. Under the provision, companies that source goods from foreign suppliers would no longer be allowed to deduct those purchases from their tax liability. This would slap a new tax on imported products at the corporate rate, which under the plan would be 20 percent. As the cost of this new tax would be passed on to American consumers in the form of higher prices at gas pumps and the checkout lines; the border adjustment would impose a whopping sales tax hike on families and small businesses of more than $1 trillion over 10 years.  

• 20 percent tax on all imported goods, including apparel, electronics, car, oil and many other products.

• This means higher prices for consumers on everyday items, hurting the least fortunate most. 

• The cost of gasoline, for example, would be expected to rise at least 30 cents per gallon.  

Call Karen at 904 553-4571 if you can come. 

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