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Brady Tries to Soften Border Tax by Proposing Five-Year Phase-In

  • House Ways and Means chief says transition would ease concerns
  • Anti-BAT lobby rejects idea, saying it still harms consumers
The Port of Los Angeles
Photographer: Patrick T. Fallon/Bloomberg

House Ways and Means Chairman Kevin Brady on Tuesday floated a five-year phase-in for his controversial border-adjusted tax on domestic sales and imported goods as a way to ease its negative impact.

“Fair concerns have been raised,” the Texas Republican said Tuesday at an event in Washington. “My current thinking on border adjustment -- after listening to our businesses large and small and our members -- is a very gradual five-year transition on the border adjustment tax.”