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Border Adjustment Tax – Should You Grow Food?

Touch the Soil News #613 In any tax scheme, there are winners and losers. Hitting the financial news of late are the debates over the proposed Border Adjustment Tax. This is different than the Trump border tax. The Border Adjustment Tax stems from Republican lawmakers wanting to revamp the corporate tax code. The idea is to lower corporate taxes, while increasing taxes on imports. Since much of the goods American consumers buy are imports, criticisms are that it is little more than a hidden sales tax. As such, over 100 businesses and trade organizations have stepped up to oppose it. Joining the opposition is William C. Dudley, President and CEO…

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