“Border adjustment,” a controversial Republican proposal, would tax U.S. imports and exempt exports from taxation. WSJ’s Jason Bellini explains how it would work. Photo: Daniel Becerril/ReutersThe Trump administration, stung by its failure to advance a health-care overhaul through Congress last month, is trying to lay a stronger foundation for a tax-code rewrite by taking a lead role in shaping the legislative push, according to interviews with several senior administration officials. Despite the ramped-up effort, no consensus has emerged yet among senior White House advisers about either the shape of the tax plan or the...

Source: Wall Street Journal April 05, 2017 21:41 UTC