Federal Tax Could Raise Prices 20 Percent
Federal tax could raise prices 20 percent
INDIANAPOLIS — A coalition of business owners is concerned that a proposed tax could force them to raise prices.
The group, called Americans for Affordable Products, is asking the state’s congressional delegation to oppose the border adjustment tax being discussed by House Republicans.
The tax would penalize American companies that import goods from other countries by taking tax breaks away, while rewarding companies with tax breaks if they export products.
The goal, supporters say, is to bring jobs back to the United States. However, members of the coalition argue some goods …