{"id":36499,"date":"2017-02-25T03:41:59","date_gmt":"2017-02-25T10:41:59","guid":{"rendered":"https:\/\/nevadanewsandviews.com\/?p=36499"},"modified":"2017-02-25T03:41:59","modified_gmt":"2017-02-25T10:41:59","slug":"kevin-brady-border-adjustment-wont-hurt-small-businesses","status":"publish","type":"post","link":"http:\/\/nevadanewsandviews.com\/kevin-brady-border-adjustment-wont-hurt-small-businesses\/","title":{"rendered":"Kevin Brady: Border Adjustment Won\u2019t Hurt Small Businesses"},"content":{"rendered":"

U.S. Rep. Kevin Brady (R-TX) (R) arrives at a House Republican Conference meeting November 5, 2015 at the Capitol in Washington, DC. (Courtesy: Getty Images)<\/p><\/div>\n

(Juliegrace Brukfe, The Daily Caller News Foundation)<\/strong><\/em> –\u00a0House Ways And Means Committee Chairman Kevin Brady assured the border adjustment tax won\u2019t hurt small businesses or lead to job losses during a discussion at the Conservative Political Action Conference Friday.<\/p>\n

Border adjustability, which would tax imports but not\u00a0exports, is a key component of the House GOP\u2019s \u201cA Better Way\u201d blueprint on tax reform if they want to keep it revenue neutral,\u00a0generating an estimated $1 trillion or more in revenue over the course of a decade.<\/p>\n

While critics have argued the tax could lead to hardships for American taxpayers and small businesses, Brady assured the way they designed it will even the playing field in the world marketplace and stimulate the economy.<\/p>\n

\u201cLet me tell you the principle<\/em> here, the principle here is: should all businesses play by the same rules? Should all products be taxed exactly the same in America?\u201d<\/em> he said. \u201cBecause today our tax code gives special tax breaks to foreign products over made-in-America.\u201d<\/em><\/p>\n

Brady noted the majority of other countries use a territorial system, arguing the United States needs to shift its policy if it wants to become more competitive in the global marketplace. The Texas Republican said the country\u2019s current tax rates are driving businesses abroad, adding he believes lifting the tax burden on domestic products could help bring jobs back to the U.S.<\/p>\n

He said he thinks the GOP\u2019s blueprint is more effective than a border tariff in helping the country get ahead.<\/p>\n

\u201cSo, tariffs are about trade policy and tend to match what our competitors do \u2014 our tax policy, unfortunately, doesn\u2019t,\u201d<\/em> he continued. \u201cYou know we give a huge advantage to China and Mexico, Canada and Europe today, and so what we\u2019re proposing is to no longer just sit idly by and watch our jobs and our plants move overseas.\u201d<\/em><\/p>\n

The plan will jump-start economic growth and help stimulate job creation, according to Brady.<\/p>\n

\u201cWe know, not only does it grow from jobs in America, not only does it stop businesses from moving overseas \u2014 it restores America as the best place on the planet to create that new job, or build that new manufacturing plant, or come up with that medical breakthrough,\u201d<\/em> Brady said.<\/p>\n

 <\/p>\n

Content originally published<\/a> at The Daily Caller.<\/em><\/p>\n

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

(Juliegrace Brukfe, The Daily Caller News Foundation) –\u00a0House Ways And Means Committee Chairman Kevin Brady assured the border adjustment tax won\u2019t hurt small businesses or lead to job losses during a discussion at the Conservative Political Action Conference Friday. Border adjustability, which would tax imports but not\u00a0exports, is a key component of the House GOP\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":36500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/posts\/36499"}],"collection":[{"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/comments?post=36499"}],"version-history":[{"count":1,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/posts\/36499\/revisions"}],"predecessor-version":[{"id":36501,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/posts\/36499\/revisions\/36501"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/media\/36500"}],"wp:attachment":[{"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/media?parent=36499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/categories?post=36499"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/tags?post=36499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}