Former House Speaker John Boehner did not mince words Wednesday when asked about the controversial border adjustment tax, a policy favored by current House Speaker Paul Ryan.
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BOEHNER: Paul Ryan is fighting Trump over a tax idea that's 'deader than a doornail'
Prospects for a border adjustment tax, a policy favored by Paul Ryan, appear to be dwindling with pushback form the White House and lawmakers in both parties.
Ryan and President Donald Trump.
According to Politico, Ryan and Brady began to pass around a document recently that gives lawmakers reasons to back the BAT, positioning the idea as a pro-worker, populist proposal. The document also paints the tax as a repeal of the "Made in America" tax, in which products are taxed when they are exported by both the US and the country of destination.
In public, both Ryan and Brady have been on a media blitz in support of the idea.
Ryan went on a tour of US manufacturers earlier this month and talked up tax reform, though he did not explicitly talk about the BAT.
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Brady went on CNBC to defend the BAT on Thursday, calling the idea "critical" to produce a revenue-neutral tax plan. Additionally, Brady's House Ways and Means Committee held a hearing on the tax reform this week, with business leaders speaking in support of the BAT.
"We think House Ways and Means Committee Chairman Kevin Brady, a Ryan ally, will pass a bill in his committee this summer that will include a BAT, which will not prevail in the Senate," Valliere wrote in a note to clients. "But the key is getting a bill moving, and if nothing else, Ryan will get an airing for a BAT – and he just might win a much smaller, phased-in provision."
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