The Association of Global Automakers President and CEO John Bozzella released the following statement after Congressional leaders announced they are no longer looking to the border adjustment tax as part of a tax reform plan.
“Today's announcement on eliminating the harmful border adjustment tax is an encouraging step forward in reforming our country's complex tax code. The Association of Global Automakers is pleased to see tax reform moving forward in a meaningful way and keeping American jobs at the forefront of this effort.”
The Association of Global Automakers represents the U.S. operations of international motor vehicle manufacturers, original equipment suppliers, and other automotive-related trade associations. We work with industry leaders, legislators, and regulators to create the kind of public policy that improves vehicle safety, encourages technological innovation, and protects our planet. Our goal is to foster a competitive environment in which more vehicles are designed and built to enhance Americans’ quality of life. For more information, visit www.globalautomakers.org.