(Kevin Diaz – Houston Chronicle)
Texas U.S. Sen. John Cornyn, the second ranking Republican in the Senate, said Thursday that a controversial proposal to slap a 20 percent tax on imported goods in the U.S. is “probably dead.”
“My guess is based on the reception here in the Senate, with many people skeptical of how it would work, the border adjustment tax is probably dead,” Cornyn told Texas reporters.
Cornyn noted that the plan, championed by House Republicans as a way to offset large tax cuts for businesses and individuals, was not part of the tax reform principles laid out Wednesday by President Donald Trump.
“There’s a reason you didn’t see it,” Cornyn said. Click here to read more.