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Marc Gerson Quoted on Border Adjustment Tax Phase-In in Morning Consult

Subtitle
"Phase-In Could Help Border Tax, but Complicate Budget and Currency Math"

Morning Consult

Marc Gerson was quoted regarding the potential use of a gradual phase-in of the border adjustment tax proposal contained in the House Republican Tax Reform Task Force "blueprint." "I don't know what compromises there are, other than phase-in," said Gerson, who formerly served as tax counsel to the House Committee on Ways and Means. The border adjustment tax is seen as a significant revenue raiser, Gerson said, so if lawmakers choose to phase in the provision gradually, they may need to pair it with a more tapered application of the corporate rate reduction proposed in the "blueprint."