A plan that would have significantly altered the way goods traveling into the United States were taxed has died after meeting mounting resistance in Washington.
The border adjustment provision was introduced by Republicans in the U.S. House of Representatives earlier this year. However, in a joint statement issued last week by Speaker of the House Paul Ryan (R-WI), Senate Majority Leader Mitch McConnell (R-KY), Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn, Senate Finance Committee Chairman Orrin Hatch (R-UT), and House Ways and Means Committee Chairman Kevin Brady (R-TX), the plan was officially taken off the table…