Salt Lake City, Utah- (ABC4 Utah) – A local coalition representing business and trade is trying to stop a potential new tax in its tracks.
It’s called the Border Adjustment Tax, BAT. Local groups say while it may have good intentions, the impact will be devastating.
Business is booming in the Beehive State, but the group, Americans for Affordable Products is concerned BAT will change that.
“A Border Adjustment Tax, just in real simple terms is a tariff or a tax that will be placed on any goods that come in from outside the United States,” said Dave Davis, with the Utah Retail Merchants Association.
Davis says that tax will have a chilling impact in Utah and across the country.
“This could be a job killer in Utah, this could be devastating for consumer household budgets,” said Davis.
The coalition is made up of more than 100 businesses and trade associations. Southwind Foods Company in Salt Lake City is one of them.
“Border Adjustment Tax would put a company like Southwind Foods out of business. Southwind’s pricing on seafood would have sky rocket,” said Division Manager, Terry Veenendaal.
BAT is being considered by lawmakers in Washington D.C. Americans for Affordable Products agrees with the need for tax reform, but they say there’s a better way.
“Meaningful tax reform must be enacted, but should not come at an additional cost to Utah consumers and families,” said Evelyn Everton, with Americans for Prosperity Utah.
This group is praising Utah Senator Mike Lee for publicly being critical of BAT. They are calling on Senator Orrin Hatch to do the same.