GOP senator: Border adjustment tax would be 'dead on arrival' in Senate

GOP senator: Border adjustment tax would be 'dead on arrival' in Senate

Sen. David Perdue (R-Ga.) shot down House Speaker Paul RyanPaul Davis RyanTrump slams 'rogue' Sasse after criticism of executive actions Wary GOP eyes Meadows shift from brick-thrower to dealmaker Budowsky: Why I back Kennedy, praise Markey MORE's (R-Wis.) call for a border-adjustment tax on Saturday, saying such a proposal would be "dead on arrival" in the Senate.

"Right now, in the Senate anyway, I think the border-adjustment tax is dead on arrival," Perdue told radio host John Catsimatidis on AM 970 in New York. "It's a tariff, it's regressive on a low-income consumer and a middle-income consumer. It really is counter to growth."

"It's nothing but a tariff, and that's the last thing we need," he added of the proposal to tax imports and exempt exports.

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President Trump himself has in the past called for a border-adjustment tax on imports, and such a measure was the centerpiece of a tax proposal developed by Ryan and Rep. Kevin BradyKevin Patrick BradyOn The Money: Five takeaways from the July jobs report Stimulus checks debate now focuses on size, eligibility Pelosi huddles with chairmen on surprise billing but deal elusive MORE (R-Texas), who chairs the House Ways and Means Committee.

But Treasury Secretary Steven Mnuchin said last month that he didn't think the provision "works in its current form," and a tax proposal released by the Trump administration included no mention of a border-adjustment tax.

Sen. John CornynJohn CornynCOVID-19 bill limiting liability would strike the wrong balance From a Republican donor to Senate GOP: Remove marriage penalty or risk alienating voters Skepticism grows over Friday deadline for coronavirus deal MORE (Texas), the No. 2 Senate Republican, also appeared to close the door on a border-adjustment tax last month, saying it was "probably dead."