washington propose border tax house representatives kill thursday bring relief retailers large importers whose profit face threats remove hurdle keep negotiations long-promised republican overhaul u.s. tax code advance border adjustment tax part broad reform tax code push house republican leaders mean discourage company manufacture products overseas import unite state sale instead produce goods u.s. tax would generate roughly trillion revenue allow tax-code writers slash corporate tax rate without increase nation deficit remove controversial provision could make easy pass tax legislation likely narrow scope could become law suggest republicans likely implement simple rate cut accomplish sweep tax reform scale last major overhaul 1986 move territorial tax system company would pay tax profit earn unite state without new source revenue make difficult republicans make tax code change permanent deficit-neutral republicans look use rule would require passage tax bill simple majority mean would need democratic vote rule restrict create long-term deficits bill deficit-neutral tax cut would likely carry expiration date group six republican negotiators work tax reform thursday announce agreement target corporate rate cut signal tax lobbyists say show continue divisions among republicans closely watch rate corporate profit currently tax 35 percent president donald trump want slash 15 percent say promote business spend economic growth job creation debate pro-growth benefit border adjustability appreciate many unknowns associate decide set policy aside order advance tax reform big six republican tax negotiators say joint statement large retailers importers lobby aggressively border tax proposal include coalition include automakers like toyota 7203.t store like target tgt.n autozone azo.n best buy bby.n retailers argue border tax would drastically increase consumer price hit low- middle-class households big six comprise treasury secretary steve mnuchin gary cohn head national economic council represent trump house speaker paul ryan senate majority leader mitch mcconnell head two tax-writing committees congress senator orrin hatch representative kevin brady addition kill border tax group offer vague goals detail say remain commit increase expense corporations allow write cost new equipment quickly return profit hold american company overseas know repatriation low tax rate current 35 percent statement offer specific goals target personal income tax code always agreement tax relief american families heart plan big six say trump vow finish tax overhaul end year republicans leaders congress hopeful current debate repeal replace obamacare senate complete quickly allow congress turn attention tax code u.s. chamber commerce praise announcement progress toward ultimate goal overhaul code please satisfy get outcome say neil bradley head policy business group republicans kill border tax focus corporate rate cut