The Border Adjustment Tax (BAT) continues to be an issue at the top of Congress’ agenda and we need your help to #StopTheBAT. AIADA is planning a special Capitol Hill Fly-In for dealers on March 8-9 to push back against the BAT. We’re asking you to mark your calendars to attend this important event and meet with your legislators. Now is the time to weigh in on how a tax like this would devastate dealerships, dealer employees, and regular American consumers.
Congress has proposed a new 20 percent tax on all goods or services imported into the U.S.; it’s called the Border Adjustment Tax (BAT). It would apply to all autos and auto parts coming across our border into the United States, even from countries with which we have existing trade agreements. No car made in America has 100 percent domestic content. Therefore, this 20 percent import tax will increase the price on ALL new vehicles. This proposal is part of the House Republican Ways and Means “A Better Way” agenda; it is not a plan that President Trump has offered.
The past ten days have been a busy time in D.C. The main attraction was the inauguration ceremony of Donald J. Trump to become the 45th President of the United States. Republican, Democrat, or Independent, we can all agree the peaceful transfer of power in the United States is something we are all thankful for and support.
Republican Leadership in Congress is continuing to meet this week with members of President-elect Trump’s team. They are working together to come up with a plan to replace the Affordable Care Act (ACA) and talking about what will come next on the legislative agenda. At the top of the list is a major tax reform bill; included in the House Republican proposal is a border adjustment tax (BAT).
On Tuesday, January 3, 2017, Members of the House and the Senate were sworn into office and officially became the 115th Congress of the United States. The Congress wasted no time getting straight to work. The House has already passed legislation to help roll back overreaching, last minute federal regulations. The Senate held a hearing on the Russian hacking situation and began scheduling nomination hearings for President-elect Trump’s cabinet nominees, which will start next week. Washington is back to work; however, the other side of Pennsylvania Avenue is still waiting for its start.
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