Border Adjustment Tax Dies; B-F Denies Possibility of Sale

The border adjustment tax (BAT) "looks as if it's finally dead," according to the New York Times, which claims Republicans "will struggle to meet their goal of enacting a sweeping rewrite of the tax code in 2017." Recall, the idea for the measure was to levy a tax on imports, but exempt exports from taxation.Not just Democrats, but small businesses, retailers and more opposed the BAT, fearing that consumers would ultimately bear the burden of such a measure in the