Report explains Tariff and Border Tax Differences

A Congressional Research Service (CRS) report explains key differences between an import tariff and a border tax. One of the main components of congressional Republicans’ “A Better Way” tax reform blueprint is a border adjustment tax. But President Trump has generally supported an import tariff and has proposed imposing it in several ways, ranging from an increased tariff on all imported goods to a high tariff on the imports of companies that move their factories outside of the United States. Go to http://bit.ly/2lMgmP7 to read the report.