Ways & Means Head Considers Changes To Border Tax Plan

By Vidya Kauri (March 29, 2017, 4:01 PM EDT) -- House Republicans may be bending to political pressure over their most controversial proposal to revamp tax laws, with the leader of the chief tax-writing committee in the House of Representatives saying Wednesday that he is "contemplating significant modifications" to the border-adjusted tax plan.

Despite opposition to the notion of the border-adjusted tax, which is aimed at encouraging domestic manufacturing, from the Trump administration, fellow Republicans, the energy industry and import-heavy retailers such as Wal-Mart Stores Inc., House Ways and Means Committee Chairman Kevin Brady, R-Texas, has, until now, remained steadfast in his support for the proposal, which would not tax exports...

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