WASHINGTON, April 6 (Reuters) - Seven U.S. Republican states carried by President Donald Trump would be among the hardest hit if a Republican-backed border adjustment tax became law as part of a broad tax reform, according to a report from conservative groups that oppose the tax. The report predicts harm to Georgia, Kentucky, Louisiana, Michigan, South Carolina, Tennessee and Texas ― all states Trump won in the 2016 presidential election. Opposition to the border adjustment tax, or BAT, from the Kochs and import-dependent industries suggests a rocky road ahead for Trump’s next top priority: passing the biggest tax reform package since the Reagan era. BAT is already opposed by a number of Senate Republicans who could prevent its passage, should the House approve a tax reform bill that contains it. The groups made their assessment by comparing the value of each state’s 2014 imports to its gross domestic product.

Source: Huffington Post April 06, 2017 09:33 UTC