Page 14 - Border Adjustment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This into a bill that can be passed and the president can sign and there's lots and lots of details that are going into how that will pay for itself. >> the territorial tax system, is that a border adjustment tax? what is it? >> a territorial tax system means u.s. companies will pay income on income related to the u.s. so it's territorial u.s. companies will not be subject to worldwide income, which has made them uncompetitive. >> is there a reason to be concerned that perhaps the republicans might not go along with this just like they didn't go along with the obamacare replacement? >> again, ...

Softwood? >> yes. and. >> don't see any retaliatory action on the part of canada? >> i'm not aware of anything that we've violated so i don't know what they could do that would be a legitimate action. >> what about a border adjustment tax? >> well, it would be better to address that question to who will be working on the tax adjustment. >> i would hope that the growth would over time get to be better than that. president obama's the only president in many, many, many that didn't have at least one year of 3% growth. and with all the initiatives that we're doing, the regulatory

Does that include a border adjustment tax? president told me two weeks ago he is not in favor of a border adjustment tax, does that mean that you can put that tax within a trade deal, and you don't have to have an import tax within the tax reform package? >> my fear, if you go that direction, you make it moro ranm and more complicated, and the ability to build that on-ramp of where there would be you know, time to redesign disbution models, ag acquisition models, a benefit in border adjust bill a. >> there are other ideas. but many of them, accomplish the same thing, and do have some of the si...

What happens is you have these individual and business tax rate cuts, but in the long term there is a big cost. and then the president is looking at how the economy grows as to how it will pay for these tax rate cuts. so the devil is in the details. on the face of it. people want their money back but when you go down the road, that's when the problem happens. >> one of the details, this border adjustment that we know that paul ryan, speaker of the house supports. we don't know if it will be part of the president's plan. we'll see if they're not on the same page how that will move forward in th...

So this is hot off the presses. we'll have for you pop tyou. first one, big tax reform and tax reduction will be announced next wednesday. so he's putting that day in there again. i'm wondering what could he possibly add. >> this is the area i think on which he probably has the most chance for getting democrats to work with him. and i would point out that this is not happening in a vacuum. just because republicans control the white house, house and senate, does not mean that this is done, that tax reform is a fait accompli. there are divisions in the republican are party about certain issues l...