IHA Urges Congress to Stop BAT
February 8, 2017,
ROSEMONT, Ill.—The International Housewares Association has joined Americans for Affordable Products (AAP) to stop the Border Adjustment Tax (BAT), which would affect companies that manufacture in Mexico.
BAT, a component of the U.S. House Republican tax reform proposal, will significantly hurt American consumers and the nation’s largest employers by increasing the cost of everyday products by up to 20 percent, said AAP, a newly launched coalition. The International Housewares Association is among the more than 100 businesses and trade associations that have joined AAP.
“Any tax law, however well intended, that adds substantial cost to products and ultimately the consumer, is not a productive law,” said Phil Brandl, IHA president and CEO. “With the help of IHA members, we will communicate our intense displeasure with the proposed law to all appropriate legislative representation.”