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.

filed under april-2017 | industry-news
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Comments (2)
Racie Blewitt, Custom Source Marketing
April 6, 2017

This is a great post! As much as I don't want to see an increase in product prices, I think our country has to find ways to support our own, which will create more jobs here in the US. On the other hand, it is unfortunate that the wage demands in the US, especially if unions are involved, create much higher manufacturing costs. The gov't needs to put incentives in place to help US companies with tax breaks so they can compete and still profit, and programs to train unskilled workers so employment costs (and thus product costs) are reduced. As Americans, we have to do what is best for our country, and sometimes that means sacrifice, but small businesses also need to have the opportunity to compete with big businesses who often have resources to wipe out the smaller companies and take advantage of consumers with pricing when they have a monopoly. More has to be done then just add a BAT.

Tim Parcher - Solid Dimensions, Inc.
April 4, 2017

I am surprised to see PPAI take a stance against the BAT. It is a slap in the face to every US manufacturer. For years we have had to compete on an uneven playing field against government subsidies, dumping, currency manipulation and other unethical practices; all for a cheaper product. Yet if we try to sell our products to foreign nations we are assessed fees, taxes and other costs effectively keeping US products out of many other countries. Sometimes you have to stand for what is right, not what puts a few more dollars in your pocket.

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