Latinos Oppose Border Adjustment Tax
(Washington, D.C.) – According to a survey by McLaughlin and Associates, 52 percent of Americans oppose a proposed Border Adjustment Tax (BAT), while only 38 percent approve. Latinos disapprove of the tax by a similar margin of 53 percent to 41 percent. The survey shows the strong opposition to this proposal to impose a new 20 percent tax on products purchased from abroad by American consumers and companies. The BAT would raise the tax burden by more than $1 trillion over the next decade.
Daniel Garza, President of The LIBRE Initiative, released the following statement:
“The Border Adjustment Tax is a bad idea, and Congress should reject it. This new tax would badly hurt American consumers, and would hit low-income families hardest of all. Latinos recognize this, which is why they clearly oppose it. They know that this burdensome new tax will unnecessarily raise household costs, and keep hardworking Latino families from achieving the American dream.
It is true that tax reform and simplification is an important goal –- one with the potential to help our economy and promote economic opportunity. But Members of Congress should reject the proposed Border Adjustment Tax, which is both unpopular and damaging to the economy overall.”