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Koch network launches effort to kill Republican border tax plan
Source: Reuters
POLITICS | Sun Jan 29, 2017 | 9:55pm EST
Koch network launches effort to kill Republican border tax plan
By Richard Cowan | INDIAN WELLS, CALIF.
Billionaire industrialist Charles Koch is launching a campaign to sink a border tax under consideration by Republican leaders in Congress, a move that could complicate the lawmakers' efforts to find a way to pay for President Donald Trump's proposed wall on the U.S. border with Mexico.
Americans for Prosperity, a conservative political advocacy group founded by Charles Koch and his brother David, plans to use its network of wealthy political donors and activists to kill the proposal, which aims to raise $1.2 trillion over 10 years on goods coming into the United States, according to officials from the group, which gathered this weekend for a conference.
Republican House of Representatives Speaker Paul Ryan is pushing the tax as part of a broader overhaul of the U.S. tax code.
The White House has given mixed signals on whether Trump supports the approach, but proponents say revenue collected from the border tax could finance Trump's drive to build a wall along the southwestern U.S. border. Proponents also say it would discourage U.S. manufacturers from moving abroad.
On Thursday, AFP sent a letter expressing its opposition to the border tax to a House panel in charge of writing tax legislation.
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Koch network launches effort to kill Republican border tax plan
By Richard Cowan | INDIAN WELLS, CALIF.
Billionaire industrialist Charles Koch is launching a campaign to sink a border tax under consideration by Republican leaders in Congress, a move that could complicate the lawmakers' efforts to find a way to pay for President Donald Trump's proposed wall on the U.S. border with Mexico.
Americans for Prosperity, a conservative political advocacy group founded by Charles Koch and his brother David, plans to use its network of wealthy political donors and activists to kill the proposal, which aims to raise $1.2 trillion over 10 years on goods coming into the United States, according to officials from the group, which gathered this weekend for a conference.
Republican House of Representatives Speaker Paul Ryan is pushing the tax as part of a broader overhaul of the U.S. tax code.
The White House has given mixed signals on whether Trump supports the approach, but proponents say revenue collected from the border tax could finance Trump's drive to build a wall along the southwestern U.S. border. Proponents also say it would discourage U.S. manufacturers from moving abroad.
On Thursday, AFP sent a letter expressing its opposition to the border tax to a House panel in charge of writing tax legislation.
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Read more: http://www.reuters.com/article/us-usa-politics-kochs-idUSKBN15E05L
