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Border Adjustment Tax
Ahead of today's congressional hearing on the Border Adjustment Tax (BAT), Americans for Affordable Products (AAP), a national coalition of nearly 500 small businesses, retailers and trade associations , announced a local campaign to educate lawmakers and citizens regarding the harmful effects the proposal would have on the state of Tennessee. Spokesperson Joshua Baca, said the organization is calling on Tennessee's entire congressional delegation to oppose this ill-advised the proposal that will not only make everyday goods more expensive for Tennessee residents, but will make it even harder for job creators to do business in the state. The proposal would increase the cost of everyday essentials that Tennesseans rely on, like food, clothing and medicine, by an estimated $1,700 annually. It also would have devastating consequences on the retail industry, says Baca, pointing out that Tennessee based firms, Dollar General Store and Autozone, as well as the Tennessee Retail Association, are members of the coalition. "If a coffee roaster like myself is hit with a 20 percent tax on imports, it is a significant threat to my business," says Mat Lasater, owner of LASATERS Coffee, a coffee and tea franchising company with eight locations in middle Tennessee. "Coffee beans are not grown anywhere in the United States except Hawaii, and I have no choice but to import. Companies like mine stand as examples of how small businesses can thrive in America. To hit us with something that drastically increases the cost of our primary product sends a deeply disturbing message to small businesses and entrepreneurs."
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Return to Today's News Stories - Front PageThursday, April 29, 2021
US 411 Project News
Mill Creek Wildfire Update
More Bad News For Smokies' Fans
Wednesday, April 28, 2021
Mill Creek Wildfire doubles in size
Goodbye Smokies?
Keep Cocke County Beautiful
Cocke Co. High School Remote Learning today!
Tuesday, April 27, 2021
The fireflies are coming!
Burnout Operations on MillCreek wildfire today
Gas prices drop
Tennessee keeps all US House seats
Monday, April 26, 2021
Boat accident victim ID'd
Traffic stop yields drug arrest
Cocke County Wildfires
Friday, April 23, 2021
Leaving WNPC
Mathis announces candidacy
Newport drug roundup
Cruise Against Cancer
Jobless numbers
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