Americans for Affordable Products Reacts to U.S. House Ways & Means Committee Hearing America’s Employees & Employers Well-Served by Target CEO’s Argument Against Misguided Border Adjustment Tax

Americans for Affordable Products Reacts to U.S. House Ways & Means Committee Hearing
America’s Employees & Employers Well-Served by Target CEO’s Argument Against Misguided Border Adjustment Tax
Washington, D.C. – Americans for Affordable Products (AAP) – a collection of more than 500 businesses and trade associations seeking to stop the Border Adjustment Tax (BAT) – released the following statement in response to today’s hearing in the U.S. House Committee on Ways and Means and testimony delivered by Target Corporation Chairman and Chief Executive Officer Brian Cornell:

“Target CEO Brian Cornell made clear today to members of the U.S. House Ways and Means Committee willing to listen that America’s businesses and the workers they employ will be irreparably harmed by a poorly conceived policy that rewards profitable, multi-national companies, while punishing middle-income households,” said Joshua Baca, spokesperson, Americans for Affordable Products. “The Border Adjustment Tax is deeply flawed and based on assumptions that Mr. Cornell demonstrated are highly questionable and filled with dangerous assumptions. It is time for Congress to heed the concerns expressed by employers in their districts and the constituents they represent, and set aside the Border Adjustment Tax so that the hard work of reforming our nation’s outdated tax code can move forward in earnest.”

Americans for Affordable Products is a coalition of job creators, entrepreneurs, business leaders and consumers united against higher prices on everyday necessities. To learn more, please visit: www.KeepAmericaAffordable.com.