PPAI Adds Its Voice To Border Adjustment Tax Opposition (1)
PPAI is one of approximately 400 industry businesses, companies and trade organizations that is working to oppose the proposed Border Adjustment Tax (BAT). If the proposal is incorporated into Congress’ tax reforms, it would levy a 20-percent tax on all U.S. imports, including promotional products, while eliminating the tax on exports.
The proposed BAT poses a discriminatory tax on all imported products and is anticipated to hurt American consumers and the nation’s largest employers by increasing the cost of everyday products. A large percentage of promotional products are manufactured overseas and imported to the U.S. In PPAI’s assessment, the border adjustment tax is expected to negatively affect the promotional products industry.
Industry members are requested to add their voices to the Association’s and tell their member of Congress to reject the border adjustment tax and instead focus on implementing tax reform that continues to spur economic growth without affecting American families. Follow this link to send a message to Congress: Proposed Border Adjustment Tax—Bad For The Promotional Products Industry.