Texas News


Date ArticleType
1/27/2017 Press Release

Statement on Proposed Mexican Import Tax

Statement on Proposed Mexican Import Tax

AUSTIN—The following statement may be attributed to Texas Association of Business President Chris Wallace.

“Texas’ number one trading partner by far is Mexico, and imposing a 20 percent tax on Mexican imports to fund a border wall would hurt the Texas economy.  This proposal could mean a loss of jobs and a hit to state tax revenues.  We look forward to working with our Texas congressional delegation and our TAB members to address this proposal and I would encourage our state leaders to make the economic ramifications of this proposal known.”