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Originally Posted by Onlydo2days
Does anyone have an opinion on the border adjusted tax? I know obviously importers (retail) are against it and exporters (GE, Boeing) are for it.
It's nuts and will never pass. Tariffs create artificial inefficiencies in the markets and are almost always a net negative for everyone. If we do a border adjustment tax other countries will retaliate with their own. Even our exporters will suffer because of that. If you want a good idea on what tariffs can do, google the "Smoot-Hawley" tariff.
Edit: Border adjustment tax will have an even higher hurdle than AHCA, the libertarian wing of the GOP will revolt like they did with AHCA (Koch's, etc.), but the big business wing will revolt as well. It's possible a few populist democrats come along for the ride (people in the Sanders camp), but its also just as likely that democrats block it en masse to watch the republicans flounder.