Tax reforms to grow the economy shouldn’t make Americans’ lives more expensive. Unfortunately, that’s exactly what would happen if Congress passes the proposed Border Adjustment Tax (BAT), which would increase the price of household expenses by 20% and tax American consumers by over $1 Trillion over 10 years. Fortunately, there are leaders in Congress and beyond standing up to the BAT, and we’re applauding their commitment to looking out for the interests of the American people. Here’s what they had to say:

Sen. Tom Cotton: “Today I want to put on the record my serious concerns about a border adjustment tax. Many other senators share these concerns… Some ideas are so stupid only an intellectual could believe them… This is a theory wrapped in speculation inside a guess. Nobody knows for sure what will happen… Why would we make the stuff they get at Wal-Mart more expensive?… Working Americans will get stiffed again.” (Jordain Carney, “GOP senator: ‘Serious concerns’ about House border tax plan,” The Hill 2/15/17)

Sen. David Perdue: “This 20-percent tax on all imports is regressive, hammers consumers, and shuts down economic growth … This would hammer consumer confidence and lower overall demand, thus putting a downward pressure on jobs … We end up with more losers than winners … American seniors will see their retirement savings evaporate at the same time their living costs increase.” (Naomi Jagoda, “GOP Senator: Reject Border Tax Proposal,” The Hill, 2/9/17)

Sen. Mike Lee: “This ends up becoming a VAT-like substance and I think it would end up having a lot of the negative characteristics of both a VAT and a tariff … I really don’t like it.” (Jonathan Swan, “Border Adjustment Has A Senate Problem,” Axios, 2/2/17)

Sen. Jerry Moran: “I worry that consumers, my Kansas constituents, are the ones who pay the tax … I assume you get into a battle with other countries … and it affects the exporters.” (Richard Rubin, “GOP Plan To Overhaul Tax Code Gets Held Up At The Border,” Wall street Journal, 2/7/2017)

Sen. Rob Portman: “I do understand the need to be more competitive but I want to be sure that we do so in a way that does not cause dislocation in the economy.” (Bernie Becker, “Morning Tax,” Politico Pro, 2/2/17)

Rep. Pat Meehan: “It puts us at a remarkable competitive disadvantage.” (Richard Rubin, “GOP Plan to Overhaul Tax Code Gets Held Up At The Border,” Wall Street Journal, 2/7/2017)

Rep. Jim Jordan: “You’re now adding a new revenue stream to government, and the potential for abuse, I think, down the road is real.” (Naomi Jagoda, “GOP Senator: Reject Border Tax Proposal,” The Hill, 2/9/17)

Steve Forbes: “The Republicans are proposing this crazy tax. They’re going to punish American consumers over $100 billion a year” over 10 years by making goods coming into the U.S. more expensive… Economically it’s wrong. Politically it’s wrong.” (Matthew J. Belvedere, “GOP stalwart Steve Forbes blasts Republicans on ‘crazy’ border tax’s $1 trillion cost to consumers,” CNBC, 2/8/17)

Larry Kudlow: “That is just nonsense… I hate to say this, but it’s ‘voodoo economics’.” (R. Williams, “Larry Kudlow: GOP’s Border Adjustment Tax Is ‘Voodoo Economics’,” Newsmax Finance, 1/17/17)

Sen. Lindsey Graham: “The House is talking about a tax plan that won’t get 10 votes in the Senate.” (Alexander Bolton, “Graham: Ryan tax plan won’t get 10 votes in the Senate,” The Hill, 2/19/17)

Jim Cramer: “The people that voted for [President Trump] are… the people that get hurt by what I regard as being a regressive tax… I think they’re going to have to find another way. I think these people are going to make a very, very strong statement that this hurts the people that voted for [President Trump].” (Freedom Partners, “Jim Cramer on the ‘Regressive,’ Trillion-Dollar Border Adjustment Tax on American Consumers,” Freedom Partners, 2/15/17)

Phil Gramm: “The economy boomed not only because the lower individual and corporate rates increased incentives to work, save and invest, but because stripping out tax-favored provisions reduced the drag on economic efficiency that is caused by allocating resources politically. Today the lesson of 1986 has been almost completely lost in the fixation on lower rates. The House border-adjustment proposal, with its 20% corporate tax rate, is a prime example.” (Phil Gramm, “How ‘Border Adjustment’ Poisons Tax Reform,” The Wall Street Journal, 2/22/17)