Rep. Kevin Brady (R., Texas) says he now recommends a gradual five-year rollout of the controversial border-adjustment tax, after listening to feedback from businesses, in remarks at the WSJ CFO Network annual meeting on Tuesday. WASHINGTON—The top House Republican tax legislator floated a five-year phase-in to his controversial “border adjustment” idea on Tuesday in a bid to blunt mounting opposition to the concept. The phase-in offered by Rep. Kevin Brady (R., Texas) is a response to critics who worry about the disruption that border adjustment could cause for companies, supply chains and consumers. It is a sign that Mr. Brady continues to press ahead with...

Source: Wall Street Journal June 13, 2017 15:33 UTC