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.”
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.