Transition, phase-ins of border adjustments could be key to garner support

The House GOP's border adjustability plan to rebate taxes on exports but not allow deductions for imports -- a proposal staunchly opposed by retailers and other industries that have formed a coalition to fight the plan -- could garner sufficient support on Capitol Hill and among the business community if transition periods and “phase-ins” for the measure are designed to offset disadvantages for those industries, sources said. These sources, who closely follow the developments around the GOP's tax reform blueprint,...