Footwear Distributors Working to Push Back on Border Adjustments; 'Congressional Advocacy Critical'
The Footwear Distributors and Retailers of America set up a new page on its website (here) focused on the border adjustment tax being considered by House Republicans as part of a tax reform plan (see 1612010056). The trade group is…
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strongly opposed to the idea (see 1701120028) and is working to get its members to engage with lawmakers. The FDRA also created a summary of the issue (here) and its prospects in Congress. "While this concept is controversial -- pitting exporters against importers -- it aligns with the campaign rhetoric on domestic manufacturing and does not increase tariffs," the FDRA said. Border adjustment provisions "may be modified or removed from a final tax reform bill, but the current political environment increases the prospect of passage and makes congressional advocacy critical," it said.