Perspective: If the U.S. wants high-end manufacturing jobs, the U.S. needs imports

By Nick Wells for CNBC

Mar 20, 2017

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In a presentation in February, Peterson Institute President Adam Posen pointed out the problem with the so-called border adjustment tax, which would halt taxes on U.S. exports but impose mandatory taxes on U.S. imports.

"If you do a tax that's fundamentally biased against import content, you are taxing the most advanced, highest value added sectors in the U.S. manufacturing sphere," Posen said, according to a transcript. "This is taxing our most competitive highest value-added sectors at the expense of our most backward sectors."

Read more at cnbc.com.

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