(Reuters) – U.S. President-elect Donald Trump says the border adjustment provision, an element of House Republicans' corporate-tax plan, is "too complicated", the Wall Street Journal reported on Monday.
"Anytime I hear border adjustment, I don't love it", Trump told the newspaper in the interview conducted on Friday. http://on.wsj.com/2jiAaqj
The border adjustment measure is a part of U.S. House of Representatives Speaker Paul Ryan's "Better Way" tax reform blueprint, that’s discussed with top men and women the transition team during the meeting on Capitol Hill on Monday.
The measure offers to boost U.S. manufacturing by taxing imports while exempting U.S. business export revenues from corporate taxation.
Though some tax experts believe Trump has given his support with the border adjustment provision, he termed the measure as getting "adjusted right into a bad deal" while in the interview.
Last year, Kansas-based multinational Koch Industries Inc[KCHIN.UL] warned that this export-promoting measure might have devastating effects about the economy and consumers.