Which investments would GOP tax plan help — or hurt?
By Larry Light
One previously discussed feature in an earlier iteration was conspicuous by its absence: a border adjustment tax (BAT), which sought to impose a special levy on imported goods. A favorite of House Speaker Paul Ryan, R-Wisconsin, it was widely pilloried over the summer by retailers and others dependent on merchandise made abroad.
The reason: The proposal would jack up prices. “Leaving off BAT was a big help to importers,” said Garrett Oakley, a financial planner with online investing service Betterment.