PPAI Adds Its Voice To Border Adjustment Tax Opposition
PPAI has joined industry businesses and a diverse coalition of companies and trade organizations in voicing their opposition to the proposed Border Adjustment Tax (BAT). The proposal, if incorporated into Congress’ tax reforms, would levy a 20-percent tax on all U.S. imports while eliminating the tax on exports.
The proposed BAT poses a discriminatory tax on all imported products—including promotional 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 will hurt the promotional products industry.
The Association asks industry members to add their voice 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 that’s not at the expense of American families. Follow this link to send a message to Congress: Proposed Border Adjustment Tax—Bad For The Promotional Products Industry.