Day: August 4, 2023

Dear lawmakers: Border-adjustable tax can’t shrink trade deficit while producing trillions in revenue

Dear lawmakers: Border-adjustable tax can’t shrink trade deficit while producing trillions in revenue Some lawmakers claim a border-adjustable tax will raise massive amounts of revenue to help pay for corporate tax cuts and give a powerful jolt to US-based manufacturers. But both cannot be true. | View caption Hide caption Lawmakers who back a border…