The U.S. Tax System Needs a Border Adjustment

The U.S. Tax System Needs a Border Adjustment
AP Photo/Rebecca Blackwell, File

Conservative debate around corporate tax reform has intensified, pitting interest groups and elected officials against one another, which is a good thing. Corporate tax reform is a complicated issue that must be hashed out to ensure we enact a structure that boosts growth, employment, and incomes.

There is one chance to get it right, so every plan must be carefully vetted. As this debate has growth, the border adjustment component of the House GOP's tax plan has been battered. President Trump offered a mixed review of the idea to the Wall Street Journal; Axios, the Club for Growth, and Americans for Prosperity have opposed the proposal; and Sen. Mike Lee took to this publication to offer an alternative vision of tax reform.

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