U.S. House of Representatives Speaker Paul Ryan's "Better Way" tax reform blueprint which included a horrific border adjustment tax has apparently been rejected by President-elect Donald Trump.
Trump says the border adjustment provision of Ryan's plan is "too complicated", the Wall Street Journal reports.
"Anytime I hear border adjustment, I don't love it", Trump told the newspaper in an interview conducted on Friday.
This, of course, doesn't mean that Trump won't institute some type of import charge. He has discussed tariffs on many occasions for products made overseas by US manufacturers and shipped into the U.S.
Apparently, Trump prefers simple coercion versus complex coercion.
Stay tuned.
-RW
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