The Trump administration took a step toward a House Republican tax plan Thursday when it tentatively endorsed a proposal to tax U.S. imports and exempt exports from taxation, an idea known as “border adjustment.”House Republicans are banking on the idea to help pay for deep cuts in corporate and individual income-tax rates but face resistance from industry groups and, until Thursday it seemed, the White House itself.

Source: Wall Street Journal January 26, 2017 20:42 UTC