N.C. retailers take swing at border adjustment tax

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 this morning in Raleigh.