House GOP Tries to Rally Support for Border Tax Proposal That's Divided Texas' Business Community

WASHINGTON -- If the divisive policy known as a border adjustment tax is dead, then someone forgot to tell top House Republicans.The House Ways and Means Committee on Tuesday is tackling the much-debated proposal to overhaul the corporate tax code by effectively taxing imports and subsidizing exports. And some continue to push the idea with gusto, despite dire reviews from the White House and the Senate.That's because the provision is central to the House GOP's broader tax revamp plans, which feature a simplified tax system and lower tax rates."Is our vision merely to be average?" said Texas Rep. Kevin Brady, who leads the tax panel. "Given all that's at stake for middle-class families, our goal in tax reform should be to vault America from dead last among our global competitors back into the lead pack."  Continue reading...