Congress’ Joint Economic Committee is set to hold a hearing March 4 on the feasibility and design of a border-adjusted tax, after the US Supreme Court struck down President Donald Trump’s sweeping global tariffs.
The GOP-led hearing is set to evaluate the US competitiveness and investment advantages of a destination-based cash flow tax, according to information provided by the committee. This type of system would tax imports and exempt exports.
Witnesses will include Drew Lyon, a former principal at PwC who recently served as an adviser on Trump’s National Economic Council, and Douglas Holtz-Eakin, a former Congressional ...
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