PPAI, industry businesses and other trade organizations representing myriad facets of the U.S. economy, have joined together to voice 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 harm the promotional products industry.
PPAI is asking industry members to add their voice to the Association’s and tell their members of Congress to reject the border adjustment tax and instead focus on implementing tax reform that continues to spur economic growth but not at the expense of American families. Follow this link to send your message to Congress: Proposed Border Adjustment Tax—Bad For The Promotional Products Industry.
