If this is any indication, there will be a lot of infighting. Anarchy is a bitch.I have to hand it to the Kochs, they never age. They always look like old white men.
December 8, 2016
By David Morgan
Washington (Reuters) - Koch Industries, (click here) the private conglomerate owned by billionaire conservatives Charles and David Koch, warned on Wednesday that a Republican tax reform proposal meant to encourage U.S. exports could have devastating effects on the economy and consumers.
The proposal, known as border adjustability, is part of a larger tax reform plan backed by Republicans in the House of Representatives, including Speaker Paul Ryan. It has attracted the attention of advisers to President-elect Donald Trump as a potential tool for creating manufacturing jobs for blue-collar Americans.
But the provision, which would tax imports while exempting U.S. exports from corporate income tax, has raised concerns in the retailing and energy sectors about its potential effects on prices for imported consumer items and foreign goods used in domestic production.
Corporate lobbyists say that Trump's threatened 35 percent import tax against U.S. companies that move jobs overseas could reflect an interest by the president-elect in a border-adjusted approach to tax reform.
The Trump team and Republicans in Congress are currently trying to hammer out an agreement on tax reform for 2017.
"The proposed border tax adjustment will distort the market, increase consumer prices and create an uneven playing field for companies and consumers," Philip Ellender, who oversees government and public affairs for the Wichita, Kansas-based multinational, said in a statement.
"The long-term consequences to the economy and the American consumer could be devastating," added Ellender, who said Koch otherwise supports tax reform....
"The long-term consequences to the economy and the American consumer could be devastating," added Ellender, who said Koch otherwise supports tax reform....
