Page 18 - Border Adjustment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Working on. and the difficulty is two- fold. one is the schedule that i just mentioned. the obamacare and perceived as imperative to do that first has gotten in the way and that will slow things down a bit. and secondly opposition in the senate. cornerstone of the ryan tax plan is border adjustment tax and imports that come in to the country and not tax exports and encourage domestic production and cut corporate tax credits. senate republicans and the business community don't like it. that is not a consensus item. that is a difficulty in the tax itself. >> jon: given the way obamacare is wrapp...

If they're already rich, they don't need more money. >> we got the 20 trillion in debt with high taxes, it's about time-- we got 20 trillion in debt with higher taxes and ridiculous regulations. it's about time we change the trajectory at this point in time and put it back in our hands. here is what i agree-- i wish it to be done, but can't. >> here is where you've got to agree with ben. we can't do everything he wants. yes, i hate to say it, a bunch of bond traders do control the economy. if bond yields spike dramatically we're going to snuff out any recovery, it's not going to be worth it. >...

Maria: welcome back, now tax reform house republicans could have second thoughts about their plan to slap a so-called border adjustment tax on imports from mexico. many g.o.p. lawmakers initially backed idea as a way for mexico to support a wall built along the border. it was the part of a plan to overall the tax code. it now faces push back by some american industries, saying it will force them to raise taxes. good to see you, sir. thank you for joining us. >> thank you. maria: what has changed congressman in terms of tax reform a major priority? i feel like going into the election many peopl...

Jobs back, what's going to happen? >> i think they're heading for major headwinds on this tax reform package. while there's appeal for a lot of what he wants to do, i do think you could bring a lot of companies back to the u.s., i think this border adjustment tax which will do a lot of that will also increase consumer goods. if you live in arkansas and you work for walmart, your life is going to change because walmart is going to take a hoit when consumer goods go up from this border tax. it remains to be seen whether there's a rejection of the tax reform bill. >> more important, who is going ...

Apple and google are just some of the tech companies drafting a joint letter opposing president trump's travel ban. cnn business correspondent christine romans is here. >> talking google, apple, uber, microsoft, facebook. no official comment from those companies yet. here is what they want. there's the practical argument. these are global companies with thousands of workers who have visas. they need to be able to travel with predictability. there's a moral argument. these companies want clarity on how the trump white house plans to treat the 750,000 so-called dreamers who are unsure about whet...