Groups advocating for retailers and consumers are lining up to oppose the border adjustment tax, or BAT. It’s under consideration on Capitol Hill as part of a federal tax reform plan.
Supporters say the new tax on imports would help promote exports and American-made goods. But critics from the N.C. Retail Merchants Association, Americans for Prosperity, and Americans for Affordable Products say the BAT would amount to a 20 percent sales tax increase on “everyday goods,” leading to extra costs of $1,700 per family per year.
NCRMA hosted a news conference on the issue Tuesday in Raleigh.