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 RyanTo cut poverty and solve the labor shortage, enhance the Earned Income Tax Credit Wisconsin GOP quietly prepares Ron Johnson backup plans RealClearPolitics reporter says Freedom Caucus shows how much GOP changed under Trump 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 BradyRepublicans focus tax hike opposition on capital gains change GOP, business groups snipe at Biden restaurant remarks Top Democrat offers bill to overhaul tax break for business owners 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 CornynWhite House trying to beat back bipartisan Cornyn infrastructure amendment Senate GOP shifts focus to fight over Biden's .5 trillion budget McConnell warns Schumer cutting off debate quickly could stall infrastructure 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."