Americans for Prosperity (AFP) continued its efforts to convince Congress to scrap the proposed border adjustment tax (BAT) with the launch of a cable news ad yesterday.
The ad began with the somber masculine voice telling the audience how America voted for "change, economic growth and to stop wasteful spending" and then pointed out the impact of the $1.2 trillion tax on consumers. Prices for everyday purchases could increase by $1,700 per family. The commentator urged voters to call their representatives to express their opposition to the tax.
“Imposing a massive 20-percent import tax is the wrong approach," Americans for Prosperity President Tim Phillips said in a prepared statement. "A border adjustment tax would harm hard working families that deserve relief from the tax code, not a new consumer tax that would drive up the cost of everyday items. Congress needs to know this is not the change the American people signed up for. We have a significant opportunity to get the tax system working for every American, but we need to move on from this costly and misguided policy.”
The ad release followed last week's AFP and Freedom Partner report that concluded a 20 percent import tax would adversely affect the economies of states like California, Michigan and Texas.