President-elect Donald Trump said Friday that one of the key parts of the House Republicans’ corporate-tax plan that would tax imports and exempt exports was “too complicated." “Anytime I hear border adjustment, I don’t love it,” he told The Wall Street Journal. That’s what happens.”The border adjustment tax plan is one of the most controversial parts of the House Republicans’ tax plan. The Journal, citing independent analyses, said the tax plan would lead the dollar to appreciate, which would offset the cost for retailers. Under current law, the United States taxes the profits of U.S.-based companies, even if the money is made overseas.

Source: Fox News January 17, 2017 04:07 UTC