The chief tax-law writer in the U.S. House — fresh from a public relations blitz aimed at selling a controversial plan for taxing U.S. businesses' domestic sales and imports — now has to persuade his fellow Republicans in Congress.
Based on the early reviews from lawmakers attending a GOP retreat in Philadelphia, that's not going to be easy.
Rep. Kevin Brady, chairman of the House Ways and Means committee, isn't backing down on an ambitious overhaul of corporate taxation under which U.S. companies' imports would be taxed but exports wouldn't. His pitch to the Republican ranks — supported by House Speaker Paul Ryan — follows a lukewarm response from President Donald Trump, intense pushback from the retail industry and concern among some analysts that the plan might lead to higher oil prices.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
